Category «India»

High food prices keep India’s retail inflation above 6% in August

High food prices keep India's retail inflation above 6% in August

By Administrator_India Capital Sands The consumer price index(CPI)- based inflation came in at 6.7 per cent for August, from 6.73% in July, courtesy food inflation refusing to soften below 9 per cent. India’s economy now struggles to cope with low growth and high inflation five months into the Covid-19 pandemic. The retail inflation has now remained above …

Modi, Muslims to attend Ram temple ceremony on contested Ayodhya site

By Administrator_India Capital Sands Prime Minister Narendra Modi and two prominent Muslims who lived through deadly riots following the razing of a mosque in 1992 plan to attend the foundation-laying ceremony for a Hindu temple on Wednesday on the same site. Modi, whose Hindu nationalist party had led demands for a temple there dedicated to …

India quizzing owners of banned Chinese apps over content and practices

India quizzing owners of banned Chinese apps over content and practices

By Administrator_India Capital Sands Chinese companies such as TikTok-owner ByteDance have been asked by India to answer 77 questions about their apps that have been banned by New Delhi, including whether they censored content, worked on behalf of foreign governments or lobbied influencers. India’s Information Technology Ministry has given the companies three weeks to respond …

Cyclone kills at least 82 in India and Bangladesh, flooding lowlands

Cyclone kills at least 82 in India and Bangladesh, flooding lowlands

By Administrator_India Capital Sands The most powerful cyclone to strike eastern India and Bangladesh in over a decade killed at least 82 people, officials said, as rescue teams scoured devastated coastal villages on Thursday, hampered by torn down power lines and widespread flooding. Mass evacuations before Cyclone Amphan made landfall undoubtedly saved countless lives, but …

China says India’s new FDI rules violate WTO principles, hopes for revision

China says India's new FDI rules violate WTO principles, hopes for revision

By Administrator_India Capital Sands India’s new rules for foreign investment violate WTO principles of non-discrimination and are against free and fair trade, a Chinese embassy spokesperson in New Delhi said on Monday. On Saturday, India stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to …

India’s cenbank surprises with reverse repo rate cut in bid to spur bank lending

India's cenbank surprises with reverse repo rate cut in bid to spur bank lending

By Administrator_India Capital Sands The Reserve Bank of India unexpectedly cut its key deposit rate on Friday, for the second time in three weeks, to discourage banks from parking idle funds with it and spur lending instead, to revive a flagging economy amid the coronavirus lockdown. This week, Prime Minister Narendra Modi extended until May …

India agrees to sell hydroxychloroquine to Malaysia to help fight COVID-19

WHO expects hydroxychloroquine safety findings by mid-June

By Administrator_India Capital Sands India has agreed to sell hydroxychloroquine tablets to Malaysia for use in the treatment of COVID-19 patients, a Malaysian minister told on Wednesday, with New Delhi partially lifting its bar on exports of the anti-malarial drug. India is the world’s largest producer of hydroxychloroquine, sales of which have soared across the …