IMF delays release of new forecast to January 25 to factor in COVID-19 developments
by The International Monetary Fund has delayed the release of its World Economic Outlook by one week to January 25 to factor in the latest COVID-19 …
Category: Economic News
Private sector invests Rs 15,164 cr in roads till November this fiscal
By Administrator_India Capital Sands Road Transport and Highways Minister Nitin Gadkari said private sector investment in road construction in 2020-21 and 2019-20 was Rs 12,475.53 …
Asian stocks rise with bond yields as Fed outcome boosts risk sentiment
By Administrator_India Capital Sands Asian stocks followed Wall Street higher on Thursday after the U.S. Federal Reserve said it would end bond-buying stimulus in March …
RBI relaxes norms on foreign sovereign bond investment
By Administrator_ India Capital Sands The Reserve Bank of India has relaxed its norms on what banks can do with their excess dollars in the currency …
Finance Ministry releases Rs 9,871 crore to 17 states as grant
By Administrator_ India Capital Sands The Finance Ministry on Tuesday said it has released the fifth monthly installment of revenue deficit grant of Rs 9,871 …
PMI services expand at a slower pace in March on surge in Covid cases
By Administrator_ India Capital Sands Activity in India’s services sector continued to expand in March, but at a slower pace with rising Covid-19 cases in …
WPI inflation spikes to a 27-month high in Feb owing to costlier food, fuel
By Administrator_ India Capital Sands The wholesale price index (WPI)-based inflation rate rose to a 27-month high in February due to a broad-based hardening of …
India’s economy could recover and grow 10% in fiscal 2022, ratings agency S&P predicts
By Administrator_India Capital Sands Rating agency S&P Global Ratings said Tuesday that India is on track to recover from a pandemic-led economic contraction by next …
Indian economy to contract by 7% in current fiscal
By Administrator_India Capital Sands Pencilling in a GDP growth in third and fourth quarters, SBI Research on Wednesday revised its contraction forecast for the current fiscal year …
Rupee becomes worst-performing Asian currency; bonds rally in 2020
By Administrator_ India Capital Sands Bonds closed stronger on the last day of 2020 and the rupee weaker as the Reserve Bank of India followed opposite …