Banks struggle to ride to the rescue in Europe’s cash crunch battle
By Administrator_India Capital Sands Corrado Sforza Fogliani is on the frontlines of European efforts to keep the region’s economy alive amid the coronavirus pandemic. His small cooperative bank, Banca di Piacenza, in Italy’s virus-ravaged north, has been flooded with applications from customers seeking loan extensions, debt relief and renewal of credit lines. Buried in paperwork […]
घर बैठे इंटरनेट के जरिए कमाएं पैसा, हर महीने कमाने का मौका
कोरोना वायरस के खतरे को देखते हुए ज्यादातर लोग घर से काम कर रहे हैं. लेकिन, कई ऐसे भी लोग हैं, जिनकी कमाई फिलहाल बंद हो गई है | बिजनेसमैन से लेकर नौकरीपेशा तक परेशान है. ऐसे लोगों के लिए वर्क फ्रॉम होम काफी फायदेमंद है. ‘वर्क फ्रॉम होम’ यानी घर से काम, ये वो […]
Gold Extends Surge After Fed Unveils Measures to Support Economy
By Administrator_India Capital Sands Gold extended gains after the Federal Reserve took unprecedented measures to shore up the U.S. economy, which has been hit by the spread of the coronavirus. In a surprise announcement Monday, the U.S. central bank said it would buy unlimited amounts of Treasury bonds and mortgage-backed securities to keep borrowing costs […]
Saudi imposes curfew to curb coronavirus spread, UAE suspends passengers flights
By Administrator_India Capital Sands Saudi Arabia will impose a nationwide curfew starting on Monday after reporting a jump of almost a quarter in coronavirus cases, while the United Arab Emirates will suspend all passenger and transit flights to and from the country. Saudi King Salman ordered a curfew – from 7 pm to 6 am […]
Global economy already in recession on coronavirus devastation
By Ritu, Capital Sands The global economy is already in a recession as the hit to economic activity from the coronavirus pandemic has become more widespread, according to economists polled by Reuters amid a raft of central bank stimulus actions this week. The spread of the disease caused by the virus, COVID-19, has sent financial […]
India to halt international flights; Modi urges citizens to stay home as virus spreads
By Administrator_India Capital Sands Prime Minister Narendra Modi appealed to citizens to stay home and avoid panic buying, even as India outlined plans to halt all international flights and rushed to stem the spread of coronavirus cases in the country. In a late night address to the nation on Thursday, Modi said people should leave […]
Tokyo Olympics chief attended meeting with official who now has coronavirus
By Ritu, Capital Sands Tokyo 2020 Olympics chief Yoshiro Mori attended a meeting on March 10 that included the deputy head of the Japanese Olympic Committee who tested positive for the new coronavirus this week, officials said. Mori, who is 82 and has lung cancer, has not been tested because he has no symptoms of […]
India mulls up to $1.6 billion rescue plan for aviation sector after coronavirus
By Administrator_India Capital Sands India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt. The Finance Ministry is considering a proposal that includes temporary suspension of most taxes levied […]
Australia declares emergency, warns coronavirus crisis could last six months
By Ritu, Capital Sands Australian Prime Minister Scott Morrison on Wednesday declared a “human biosecurity emergency” and said the country’s citizens should abandon all overseas travel because of the coronavirus epidemic that he warned could last at least six months. The formal declaration gives the government the power to close off cities or regions, impose […]
India halts key policy plans as revenues shrink: sources
By Administrator_India Capital Sands India has dropped at least three crucial policy initiatives, including lowering import taxes on vegetable oils, as the outbreak of the coronavirus hits government revenue collection. India’s income tax revenues contracted 3.5% in the first 11 months of the current fiscal year, which began in April 2019, and income from other […]