global coronavirus caseload Covid-19 

Covid caseload reaches 517.8 million, including a death toll of 6.25 million

According to Johns Hopkins University, the global coronavirus caseload has reached 517.8 million, with over 6.25 million deaths and over 11.36 billion vaccines. The current global caseload and death toll, according to the University’s Center for Systems Science and Engineering (CSSE), are 517,888,062 and 6,253,145, respectively, while the total number of vaccine doses delivered has climbed to 11,367,626,812. According to the CSSE, the United States continues to be the worst-affected country, with 81,973,621 cases and 997,740 deaths, respectively. India has the second-highest caseload, with 43,105,401 cases. Brazil (30,574,245), France (29,155,895),…

Read More
coronavirus cases Covid-19 

Since April 22, Delhi government has imposed fines of Rs 22 lakh on masks

According to government data, more than 4,500 persons in Delhi have been fined a total of Rs 22 lakh for not wearing masks since the mask mandate was reinstated amid a spike in coronavirus cases. The Delhi Disaster Management Authority (DDMA) agreed last month to reinstate the mask mandate, with a Rs 500 punishment for any infringement. It reinstated the requirement to wear masks in public areas on April 22. Between April 23 and May 4, 4,504 persons were punished for not wearing masks, with the highest fines (1133) levied…

Read More
West Bengal announces fresh curbs, restricts flights from Mumbai, Delhi Covid-19 

West Bengal announces fresh curbs, restricts flights from Mumbai, Delhi

The West Bengal government on Sunday said flights from Mumbai and Delhi were being restricted to twice a week from January 5 as new Covid cases in the state mounted to 6,153 from 1,089 on December 29. In a letter to the civil aviation ministry, the state government said that in view of the rising Covid cases it had decided that with effect from January 5, all incoming domestic flights from Mumbai and Delhi to West Bengal will be temporarily allowed only twice a week on Monday and Friday till further orders. This is…

Read More
Covid-19 

India records 92,070 COVID-19 cases and 1,136 deaths in a single-day; tally crosses 48-lakh mark

By Administrator_India Capital Sands India on Monday registered a record 92,070 coronavirus cases in 24 hours taking the total number of infections to over 48 lakh, according to the Union Ministry of Health and Family Welfare. The country also recorded 1,136 deaths in the last 24 hours, the cumulative toll reached 79,722. The total case tally stands at 4,846,427 including 9,86,598 active cases while total recoveries stand at 37,80,107. A total of 37,02,595 people have recuperated from COVID-19 in the country so far, with 58 per cent of the recovered cases being…

Read More
Covid-19 India 

Maharashtra government slashes stamp duty to 2% until Dec 2020 to boost demand

By Administrator_India Capital Sands   To boost the stagnant real estate market hit by COVID-19, the Maharashtra government on August 26 decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020, sources said. Stamp duty from Jan 1, 2021, until March 31, 2021, will be 3 percent, they said. The decision was taken at the state cabinet meeting on August 26. Real estate developers had been asking for a reduction in stamp duty following the lockdown to encourage homebuyers to purchase…

Read More
Business Covid-19 

Reliance Communications’ resolution in limbo as DoT raises objection

By Administrator_India Capital Sands   The Department of Telecommunications has objected to the resolution plan for Reliance Communications, as well as its unit Reliance Telecom, at the National Company Law Tribunal (NCLT), Mumbai. The NCLT has adjourned its hearing on the resolution plan for the firms till August 21. The Department of Telecommunications will file written submissions by then. According to the resolution plan approved by lenders, the Department of Telecommunications will not get any proceeds following resolution of the companies, because it has been labeled an operational creditor. The CoC, led by…

Read More
Covid-19 Economic News 

Dollar wallows and stocks inch higher as stimulus eyed

By Administrator_India Capital Sands   The dollar languished and just about everything else rose on Thursday, as markets took patchy U.S. economic data as a harbinger of ever more stimulus and brinkmanship on Capitol Hill as a sign that a deal on a new U.S. stimulus package is close. Following Wall Street’s lead, MSCI’s broadest index of Asia-Pacific shares outside Japan extended the week’s rally by 0.3% to a fresh six-and-a-half-month high. Japan’s Nikkei index was steady and Asian currencies were on the march, with the Australian dollar gaining to around…

Read More
Corona Hits US Covid-19 

Gold shines on falling dollar, yields; pandemic cost concerns drag on shares

By Administrator_India Capital Sands   Gold scaled a new high on Wednesday as a weaker dollar and falling bond yields burnished its safe-haven appeal, while shares were mostly lower as investors baulked at the ballooning cost of the coronavirus pandemic. Risk assets such as equities have surged in recent months on massive policy stimulus from central banks and governments, but gold has also rallied in a sign of heightened uncertainty around the long-term effects of the global health crisis. Spot gold jumped to a record high of $2,030.72 per ounce…

Read More
Commodity Covid-19 

Oil Holds Near $41 Amid Concerns About U.S. Demand Recovery

By Administrator_India Capital Sands   Oil held losses near $41 a barrel in New York as signs of weakness in the U.S. labor market cast doubt on the strength of the demand recovery in the world’s biggest crude consumer. The first increase in jobless claims since March comes as lawmakers negotiate another virus relief package, while infections and deaths surged across many regions in the U.S. Oil was still poised to eke out a second weekly gain, buoyed earlier in the week by stimulus measures agreed by European Union leaders.…

Read More
Commodity Covid-19 

Gold hovers near nine-year high as virus fears drive safe-haven demand

By Administrator_India Capital Sands   Gold rose on Tuesday, hovering near a nine-year peak hit in the last session, as worries over a spike in COVID-19 cases and expectations for inflation from more economic stimulus measures boosted demand for the safe-haven metal. Spot gold was up 0.1% at $1,817.23 per ounce, after hitting its highest since September 2011 at $1,820.06 on Monday. U.S. gold futures were little changed at $1,817.80. European Union leaders appeared to near an agreement on Monday on a 750-billion-euro stimulus plan for regional economies hit by…

Read More