Delhi govt. collects Rs. 5,281 crore GST in first quarter
By Administrator_ India Capital Sands In a sign of revival in the city economy hit by the COVID-19 pandemic and the subsequent lockdown, the Delhi government collected Rs 5,281 crore GST in the first quarter of the current financial year, officials said. Delhi was under complete lockdown due to a surge in Covid cases in […]
Petrol, diesel prices today on June 14: check rates in your city
By Administrator_ India Capital Sands After a day of pause, petrol and diesel prices were hiked again by 29 to 31 paise on June 14, taking fuel prices across the country to a historic high. Petrol hit an all-time high of Rs 102.58 a litre in Mumbai, with an increase of 28 paise from the […]
Dollar near 2-month high vs yen, Chinese yuan scales 3-year high
By Administrator_ India Capital Sands The dollar held near a two-month high against the yen on Monday after a key measure of U.S. inflation showed stronger price gains than expected, keeping alive expectations of an eventual tapering in the Federal Reserve’s asset buying. The Chinese yuan, which has been supported by a strong economic recovery, […]
Dollar stuck near 3-month lows, bitcoin struggles
By Administrator_ India Capital Sands The dollar was pinned near three-month lows against a basket of major currencies on Monday, as bets on a robust global economic recovery continued to support currencies seen as riskier. The dollar index hovered around the 90 marks, down 0.2% on the day and close to a three-month low of 89.646 […]
Factory orders, production rise at slowest rates in 8 months in April
By Administrator_ India Capital Sands India’s manufacturing sector activity was largely flat in April, as rates of growth for new orders and output eased to eight-month lows amid the intensification of the COVID-19 crisis, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was at 55.5 in […]
UK inflation rises to 0.7% in March as clothing and fuel prices grow
By Administrator_ India Capital Sands British consumer price inflation rose to 0.7% in March from 0.4% in February, reflecting higher fuel and clothing prices, official figures showed on Wednesday, slightly below the average forecast of 0.8%. Food prices were lower than a year earlier. British inflation is forecast to rise sharply in the coming months, […]
March WPI inflation at 8-yr high; economists see it in double digits in May
By Administrator_ India Capital Sands Wholesale price index-based inflation, led by soaring prices of fuels and those of manufactured products, touched its highest point in more than eight years in March. The rate rose to 7.4 percent in the month against 4.17 per in February and 2.51 percent in January, the data released by the […]
Manufacturing PMI falls to 7-month low in March as Covid cases rise
By Administrator_ India Capital Sands Growth in manufacturing slowed to the lowest rate in seven months, as increasing Covid-19 cases hit demand, said IHS Markit’s purchasing managers’ index (PMI) on Monday. PMI fell from 57.5 in February to a seven-month low of 55.4 in March. In the PMI lexicon, a reading above 50 means growth, […]
Petrol price hits the Rs 99 a litre mark in Rajasthan, diesel at Rs 91
By Administrator_ India Capital Sands Petrol price crossed the Rs 99 a litre mark in Rajasthan on Sunday while diesel topped Rs 91 after rates were increased for the sixth day in a row. Petrol price was increased by 29 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers. […]
Vehicle scrappage policy to have mix of penalties, financial incentives | Budget 2021
By Administrator_ India Capital Sands The Centre’s proposed scrapping policy is set to be a mix of penalties and financial incentives. Among the considerations include waiving off registration charge on a new vehicle to incentivize scrapping, the sources said. “The Centre is likely to ask states to give a rebate on road tax; besides also […]