Indian government brushes off Indian tax officers’ proposal for coronavirus tax on super rich

Indian government brushes off Indian tax officers’ proposal for coronavirus tax on super rich

By Administrator_India Capital Sands A group of Indian Revenue Service officers have recommended taxing the super rich, and foreign companies, to help pay for the coronavirus economic fallout, but the government brushed off the idea, saying it did not reflect official views. Some 50 officers of the Indian Revenue Service recommended raising the highest tax […]

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Cheaper oil, foreign flows a tailwind for rupee

Cheaper oil, foreign flows a tailwind for rupee

By Administrator_India Capital Sands India’s rupee, among Asia’s worst performing currencies this year, could be the fastest in the region to rally as the world restarts economic activities after the coronavirus pandemic, oil prices weaken and the U.S. dollar eases broadly, analysts said. The partially convertible Indian rupee has lost nearly 7% against the dollar […]

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ECB Cushions Hammer Blow from PMIs

ECB Cushions Hammer Blow from PMIs

By Administrator_India Capital Sands   Europe’s stock markets dealt better than might have been expected with another crushingly negative set of business surveys on Thursday, trading roughly mixed thanks to fresh support measures from both government and – more importantly – the European Central Bank. Italian, Spanish and Portuguese banks were among the biggest winners […]

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Rashtrapati Bhavan isolates 500 over virus scare, Pakistan’s Khan to be tested

Rashtrapati Bhavan isolates 500 over virus scare, Pakistan’s Khan to be tested

By Administrator_India Capital Sands About 500 people entered self-isolation in staff quarters of India’s presidential palace on Tuesday, and Pakistan’s prime minister was due to be tested, as the coronavirus spreading through South Asia hit the heart of the region’s governments. Afghan President Ashraf Ghani and his wife tested negative for the coronavirus, his spokesman […]

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