October 20, 2020

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Delhi’s air quality ‘poor’; likely to worsen by Wednesday

By Administrator_ India Capital Sands Pollution levels in Delhi dipped slightly on Monday but the air quality stayed in the 'poor' category, with government agencies saying the AQI was likely to slip to 'very poor' in the next few days due to a change in wind direction and a reduction in speed. The city recorded a 24-hour average air quality index of 244. It was 254 on Sunday, 287 on Saturday, 239 on Friday and 315 on Thursday, the worst ...
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Pollution may increase virus transmissibility making people more vulnerable to COVID-19, say experts

By Administrator_ India Capital Sands Air pollution may increase transmissibility of the novel coronavirus making people more vulnerable to the disease and aggravating the COVID-19 situation, experts have said, while warning that those who have had the infection in the past may also have to face new challenges. With winters approaching and easing of the coronavirus-induced lockdown, Delhi-NCR is bracing for months of poor air quality. The national capital's air quality was in the 'poor' category on Sunday morning. According ...
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Singapore and Hong Kong agree on bilateral travel bubble

Singapore and Hong Kong agree on bilateral travel bubble

By Administrator _ India Capital Sands Singapore and Hong Kong have agreed on a bilateral air travel bubble, which will exempt travellers from the mandatory quarantine upon arrival, as the rate of coronavirus infection declines in both cities Travellers under the bubble will not be subject to mandatory quarantining, the MOT release said, adding that there will be no restrictions on travel purposes and no need for a controlled itinerary The air travel bubble will have dedicated flights, separate from local travel. The MOT said the bubble can be ...
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Asian Stocks Down Over “Ongoing Drama” of U.S. Stimulus Woes

By Administrator_ India Capital Sands The Shanghai Composite inched down 0.08% at 11:05 PM ET (3:05 AM GMT) and Shenzhen’s SZSE Composite edged down 0.14%. Asian Pacific markets were mostly down on Thursday morning, with U.S. COVID-19 stimulus looking increasingly unlikely before their elections and the rapid spread of COVID-19, especially in Europe. Increased U.S.-China tension is also a negative for investor confidence. Japan’s Nikkei 225 was down 0.69% and South Korea’s KOSPI fell 0.83%. Hong Kong’s Hang Seng Index slid 1.15%. Australia’s S&P/ASX 200 gained 0.78%, on ...
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Asian Stocks Down on Vaccine Troubles, U.S. Stimulus Fears

By Administrator_ India Capital Sands Asia Pacific stocks were mostly down on Wednesday morning after two major U.S. COVID-19 treatment trials were paused over patient safety concerns. Also hampering stocks is the ongoing lack of action on U.S. COVID-19 stimulus plans, with any action looking increasingly likely to be put off until after the U.S. elections. The Shanghai Composite was up down 0.46% at 11:08 PM ET (3:08 AM GMT) and Shenzhen’s SZSE Composite was down 0.47%. Chinese President Xi Jinping is due ...
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Food prices push retail inflation to 8-month high of 7.34% in Sept

By Administrator_ India Capital Sands Pushed up by the double-digit food inflation, the retail price inflation rate rose to an eight-month high of 7.34 per cent in September from 6.69 per cent in August. This was the sixth consecutive month that the inflation rate remained above the Reserve Bank of India’s (RBI’s) comfort zone of 6 per cent. As a result, the central bank’s monetary policy committee  might not cut the repo rate in its December review as well. In fact, the consumer price ...
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Covid-19 lockdown and taxes eat away at diesel’s edge over petrol in India

By Administrator_ India Capital Sands For decades, diesel has underpinned India’s economic growth and the fortunes of its refiners, but the pandemic has caused the nation’s most consumed fuel to lose some of its luster. Since Covid-19-lockdowns have eased across India, diesel consumption has trailed the rebound in gasoline with trucks remaining idle amid a softer economy. Motor fuel use, however, has benefited from people choosing their own cars and scooters over public transport to avoid the risk of infection. While diesel is still king in ...
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Ram Vilas Paswan: The man who predicted which side the political wind blew

By Administrator_ India Capital Sands In Union Minister Ram Vilas Paswan’s death, the country has lost a mausam vaigyanik or ‘weather vane’ of politics. Perhaps no other leader was able to successfully predict the directions of political winds before taking the future course of action, like he was. Among the first to condole the death was Paswan’s friend-turned-adversary Lalu Prasad Yadav who had given the mausam vaigyanik title to Paswan. “I am very sorry to hear the sad news of the untimely demise of Rambilas ...
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NCERT textbooks to be available in Indian sign language

By Administrator_ India Capital Sands The National Council of Educational Research and Training (NCERT) signed an MoU with the Indian Sign Language Research and Training Centre (ISLRTC) on Tuesday to make textbooks and other educational material accessible for deaf children in sign language. "The availability of NCERT textbooks in Indian Sign Language (ISL) will ensure that hearing-impaired children can also now access educational resources and it will be a useful and much-needed resource for teachers, teacher educators, parents and the ...
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Dollar’s History of Year-End Dominance Threatened by Stimulus

Dollar’s History of Year-End Dominance Threatened by Stimulus

By Administrator_India Capital Sands  The dollar’s positive correlation with U.S. equities may break this quarter due to a drop in its carry-trade appeal and a possible fiscal stimulus package. Data from the last 10 years show the Bloomberg Dollar Spot Index has risen on average about 1.7% in the fourth quarter and the S&P 500 Index has advanced 1.9%, with the index usually outperforming its foreign counterparts. However, seasonal patterns seen in currencies have shifted in 2020 amid the onslaught ...
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