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 43.7 percent in March 2021 compared to 41.7 percent a year ago, according […]
By Administrator_ India Capital Sands As India’s import dependency on edible oil continues to rise, Prime Minister Narendra Modi, today announced an Rs 11,000 crore National Edible Oil Mission-Oil Palm (NMEO-OP) to make India self-sufficient in cooking oils, including palm oil. Modi also said while India has become self-sufficient in rice, wheat, and sugar, it was not enough as the […]
By Administrator_ India Capital Sands The Asian Development Bank has downgraded India’s economic growth forecast for the current financial year to 10 percent on Tuesday, from 11 percent projected in April, on account of the adverse impact of the coronavirus pandemic. India’s GDP growth recovered to 1.6 percent in the last quarter of the fiscal […]
By Administrator_ India Capital Sands After a day of pause, petrol and diesel prices were hiked again by 29 to 31 paise on June 14, taking fuel prices across the country to a historic high. Petrol hit an all-time high of Rs 102.58 a litre in Mumbai, with an increase of 28 paise from the […]
By Administrator_ India Capital Sands The dollar held near a two-month high against the yen on Monday after a key measure of U.S. inflation showed stronger price gains than expected, keeping alive expectations of an eventual tapering in the Federal Reserve’s asset buying. The Chinese yuan, which has been supported by a strong economic recovery, […]
By Administrator_ India Capital Sands The dollar was pinned near three-month lows against a basket of major currencies on Monday, as bets on a robust global economic recovery continued to support currencies seen as riskier. The dollar index hovered around the 90 marks, down 0.2% on the day and close to a three-month low of 89.646 […]
By Administrator_ India Capital Sands India’s manufacturing sector activity was largely flat in April, as rates of growth for new orders and output eased to eight-month lows amid the intensification of the COVID-19 crisis, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was at 55.5 in […]
By Administrator_ India Capital Sands British consumer price inflation rose to 0.7% in March from 0.4% in February, reflecting higher fuel and clothing prices, official figures showed on Wednesday, slightly below the average forecast of 0.8%. Food prices were lower than a year earlier. British inflation is forecast to rise sharply in the coming months, […]
By Administrator_ India Capital Sands Finance Minister Nirmala Sitharaman will present the Budget on Monday in Parliament. The budget comes at a time when India is battling the coronavirus pandemic and the economy is reeling under the aftereffects of the lockdown. At the start of the joint session of Parliament on Friday, PM Narendra Modi said the Finance Minister had […]
By Administrator _India Capital Sands India’s diesel sales fell 7% in November from a year earlier, after rising in the previous month, according to preliminary data on state refiners’ fuel sales, signaling industrial activity is still slow to pick up after a national lockdown was eased. Diesel sales in India, the world’s third biggest oil […]
