By Administrator_India Capital Sands The finance ministry has rejected the demand for further extension of the last date for income tax return (ITR) filing beyond February 15 for the ones where audit is required. In December 2020, the government extended the ITR filing deadline for individuals till January 10 and
By Administrator_India Capital Sands After change of guard at the chief executive position in October 2020, there is a possibility that the country’s largest private lender, HDFC Bank, may have a new chairman in January next year. The tenure of current part-time Chairman Shyamala Gopinath will end on January 1.
By Administrator_India Capital Sands Even as India was put on the monitoring list with nine others, the US Treasury had largely praises reserved for the country for being transparent on its foreign exchange intervention. The reason why India was put on the half yearly list report was that it met
By Administrator_India Capital Sands Finance Minister Nirmala Sitharaman on Friday contested the observation in certain quarters that the recent economic recovery was due to the pent-up and festival demand and would soon wither away, saying every sector had showed that the revival would sustain. She also did not agree with the view
By Administrator_India Capital Sands The central government is open to considering some suggestions from farmers on ways to improve the three agricultural Acts but will not repeal them as they have been passed by Parliament, sources said. The bigger question of incorporating any provision that could give a legal standing to the
By Administrator_India Capital Sands The European Central Bank left policy unchanged on Thursday but with the economic recovery losing momentum and a strong euro dampening inflation expectations, ECB President Christine Lagarde is expected to set the stage for more stimulus later. Having pulled out the stops this spring to halt a historic economic decline
By Administrator_India Capital Sands The US dollar index that tracks the greenback against a basket of currencies was flat at 92.47 by 10:23 PM ET. Data on non-farm payrolls out on Friday in the U.S. could shed some light on the strength of the economic recovery there. On Thursday, the U.S.
By Administrator_India Capital Sands German coalition parties agreed on Tuesday to extend measures to cushion the effects of the coronavirus crisis on Europe’s biggest economy at a cost of up to 10 billion euros, including prolonging a short-time work scheme and freezing insolvency rules. The German economy contracted at its steepest rate on record in the second
By Administrator_India Capital Sands Indian Oil Corp, the country’s top refiner, is close to winning its first contract to export up to 720,000 tonnes of clean products to Mauritius under an annual deal from November, two sources familiar with the matter said. IOC mostly stays away from participating in term
By Administrator_India Capital Sands U.S. employment growth likely slowed significantly in July amid a resurgence in new COVID-19 infections, which would provide the clearest evidence yet that the economy’s recovery from the recession caused by the pandemic was faltering. The Labor Department’s closely watched employment report on Friday could pile