‘Q2 GDP looks much better but no guarantee of improvement unless government spends more’

‘Q2 GDP looks much better but no guarantee of improvement unless government spends more’

By Administrator_India Capital Sands The Indian economy contracted 7.50 percent in the second quarter of this financial year against a decline of 23.90 percent in the first quarter. Technically, the country is in a recession following two straight quarters of contraction but the slowdown is gradually easing. The gross domestic product (GDP) growth is at […]

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India had nearly 74 million COVID-19 cases by August: ICMR’s second national serosurvey

India had nearly 74 million COVID-19 cases by August: ICMR’s second national serosurvey

By Administrator_India Capital Sands Nearly seven per cent of India’s population aged ten and above was exposed to SARS-CoV-2, amounting to an estimated 74.3 million infections by August, with the seroprevalence being highest in urban slum areas followed by urban non-slum and rural areas, the findings of ICMR’s second national serosurvey stated. According to the […]

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Diesel, Petrol prices unchanged after 5 consecutive day hike– Check fuel prices in metro cities on November 25, 2020

Diesel, Petrol prices unchanged after 5 consecutive day hike– Check fuel prices in metro cities on November 25, 2020

By Administrator_India Capital Sands Fuel prices were unchanged on Wednesday after five consecutive day hike by the oil marketing companies. Petrol and diesel prices that remained unchanged for 48 days, saw a rate revision on November 20 (Friday), as state-run oil marketing companies hiked fuel prices. On Tuesday (November 24) Petrol prices were hiked by 6 […]

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Big guns may get banking licences

Big guns may get banking licences

By Administrator_India Capital Sands A Reserve Bank of India (RBI) panel on Friday recommended giving banking licences to large industrial houses, potentially allowing the Aditya Birla group, the Tata group and Reliance Industries Ltd to apply for banking licences. The panel has also suggested that large non-bank lenders with asset sizes of more than ₹50,000 crore, including those […]

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Delhi raises fines for not wearing masks to Rs 2,000 as Covid cases rise

Delhi raises fines for not wearing masks to Rs 2,000 as Covid cases rise

By Administrator_India Capital Sands Delhi Chief Minister Arvind Kejriwal on Thursday announced hiking fines for not using face masks from Rs 500 to Rs 2,000 and increasing the number of beds for Covid-19 patients at hospitals amid a massive Covid-19 surge. He said the Delhi government was implementing from November 19 its decision to reserve 80 per cent of […]

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Coronavirus update: As Delhi wrestles third wave, survey finds 74% residents favour shutting down markets, shops

Coronavirus update: As Delhi wrestles third wave, survey finds 74% residents favour shutting down markets, shops

By Administrator_India Capital sands Over 74 percent of people in Delhi, which has seen a spike in COVID-19 cases in recent days, favour some type of shutdown in markets and non-essential shops and services to curb the spread of the disease, a survey has shown. According to the survey, carried out by LocalCircles, 46 percent […]

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