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India overtakes Brazil as country second-worst hit by COVID-19
By Administrator_India Capital Sands India, with a daily record 90,802 cases on Monday, also has the fastest-growing case load. The United States, with more than 6 million cases, remains the worst-affected country. India’s coronavirus infections surged past 4.2 million on Monday as it overtook Brazil to become the country with the second-highest number of cases. […]
US budget deficit debt to hit $3.3 trillion, bigger than its economy’s size
By Administrator_India Capital Sands The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said. The spike in the deficit means that federal debt will exceed annual gross domestic […]
India jumps 4 places on Global Innovation Index to enter top 50 league
By Administrator_India Capital Sands India has moved four places on the Global Innovation Index 2020 to rank at 48 since 2019. This makes it the third-most innovative lower middle-income economy in the world, according to the report. India at the 48th place also retains the highest rank in the central and southern Asia region. The […]
Employment-creating sectors bear brunt of slowdown : Q1 GDP data
By Administrator_India Capital Sands The April-June quarter GDP data, released on Monday, showed the deepest damage in the employment-creating sectors, like construction and manufacturing. This comes at a time the Centre and the Finance Ministry are talking about green shoots in the economy. According to the data released by the National Statistical Office, the construction […]
Dollar Inches Down, Yen Edges Up as PM Contest Takes Shape
By Administrator_India Capital Sands The dollar inched down on Monday morning in Asia, giving up some earlier gains, with investors still digesting U.S. Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium the previous Thursday. Powell’s speech unveiled the Fed’s new approach to inflation, which has been interpreted to mean low rates […]
Gold Heads for Third Weekly Decline as Powell’s Speech Assessed
By Administrator_India Capital Sands Gold headed for a third weekly drop as investors weighed the impact of the Federal Reserve’s new approach to setting U.S. monetary policy, with a more relaxed stance on inflation. Chair Jerome Powell said that the Fed will seek inflation that averages 2% over time, a step that implies allowing […]
Slow pace of pay growth adds to hurdles in way of India’s economic recovery
By Administrator_India Capital Sands Joblessness may be easing in India as the economy gradually reopens from the world’s biggest lockdown, but wage growth remains subdued — dashing hopes of a recovery in the consumption-driven economy. Wage bills of companies increased by just 2.9 per cent in the three months to June from a year […]
Republicans make their case for Donald Trump as party begins Day 2 of convention
By Administrator_India Capital Sands Republicans pressed their case on Tuesday for U.S. President Donald Trump’s re-election over Democrat Joe Biden, arguing as their convention opened for a second day that Trump’s leadership was vital to the country’s economic and political future. First lady Melania Trump and U.S. Secretary of State Mike Pompeo will highlight the […]