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India Archives - The 3 Monkey
India set to slip below Bangladesh in 2020 per capita GDP, says IMF

India set to slip below Bangladesh in 2020 per capita GDP, says IMF

By Administrator_ India Capital Sands Bangladesh is set to beat India in terms of per capita gross domestic product (GDP) this calendar year, thanks to a sharp contraction in the Indian economy due to Covid-19 and the economic lockdown. According to International Monetary Fund (IMF)-World Economic Outlook (WEO), Bangladesh’s per capita GDP in dollar terms is expected to grow […]

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COVID-19 impact | Air India to send certain employees on leave without pay for up to 5 years

COVID-19 impact | Air India to send certain employees on leave without pay for up to 5 years

The aviation sector has been significantly impacted due to travel restrictions imposed in India and other countries due to the coronavirus pandemic Government-owned Air India has commenced the process of identifying staff, based on various factors like efficiency, health and redundancy, who will be sent on compulsory leave without pay for a period of up […]

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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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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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