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Gold Prices Slips on U.S.-China Deal

By Ritu, Capital Sands Gold prices slipped on Thursday in Asia after the U.S. and China signed a historic trade deal. Gold Futures slipped 0.1% to $1,552.15 by 1:30 AM ET (05:30 GMT). Tensions remained however, as Washington decided to keep duties on some $360 billion...

Government plans to slap higher penalty for cruelty against animals

By Administrator_ India Capital Sands The government plans to introduce a higher penalty and jail term for people perpetrating cruelty against animals and a draft bill to amend the existing law is likely to come up in the next Parliament session. At present,...

China’s energy crisis highlights weaknesses in Xi’s power plans

By Administrator_ India Capital Sands China’s energy crisis has highlighted weaknesses in one of President Xi Jinping’s top priorities -- energy security -- that could have ramifications for the power system for years to come. To avoid repeats of the chaos ravaging...

Oil Ministry mulls reinstating subsidized LPG prices

By Administrator_ India Capital Sands The Ministry of Petroleum and Natural Gas is evaluating a threshold at which the subsidy on Liquefied Petroleum Gas (LPG or cooking gas) will be reinstated. According to a senior government official in the know, a survey is...

PM Narendra Modi clocks 20 meetings in his 65-hour stay in US

By Administrator_ India Capital Sands Prime Minister Narendra Modi, who returned to India from the US on Sunday, attended 20 meetings during his 65-hour visit, government sources said. He also had four long meetings in flights with officials on the way to and back...

Bank deposits rise 12% in FY21 on higher CASA growth

By Administrator_India Capital Sands Bank deposits grew 11.9 percent year-on-year during 2020-21 compared to 8.8 percent in 2019-20 on the back of high growth in the current account and savings account deposits, RBI data showed. The share of CASA deposits increased to...

New WHO air-quality guidelines aim to cut millions of deaths linked to fossil fuels

By Administrator_India Capital Sands The World Health Organisation (WHO) on Wednesday issued its first air quality guidelines since 2005 aimed at reducing deaths from key pollutants that cause cardiovascular and respiratory diseases. The United Nations agency, in...

Airtel hikes prices of plans offering Disney +Hotstar subscription

By Administrator_India Capital Sands Telecom operator Bharti Airtel hiked prices of mobile prepaid and home broadband plans that come bundled with Disney+Hotstar subscription due to changes in pricing made by the entertainment app. Airtel has increased the price of...

UK bans Chinese envoy from House; Beijing slams ‘cowardly’ move

By Administrator_ India Capital Sands China's Ambassador to the UK Zheng Zeguang has been barred from the UK Parliament over sanctions imposed on some British MPs for their remarks on alleged human rights violations against Uyghur minorities in Xinjiang, triggering an...

State Bank of India to cut base rate by 5 bps to 7.45%, reduce PLR

By Administrator_ India Capital Sands Ahead of the festive season, the country’s largest lender, State Bank of India (SBI), has decided to cut its base lending rate by 5 basis points (bps) to 7.45 percent, effective September 15. Also, it has cut its prime lending...

India’s retail inflation eases to four-month low of 5.3% in August

By Administrator_ India Capital Sands Retail inflation cooled to a four-month low of 5.3 percent in August from 5.59 percent in the previous month, led by subdued prices of food articles and a high base effect. Inflation based on the Consumer Price Index (CPI)...