India says it may allow some foreign flights to resume after U.S. criticism International 

India says it may allow some foreign flights to resume after U.S. criticism

By Administrator_India Capital Sands India’s ministry of civil aviation said on Tuesday it was considering allowing some international carrier flights to resume after Washington accused India of “unfair and discriminatory practices.” The Indian ministry said in a statement posted on Twitter that as “we move from controlled and managed aviation evacuation of our citizens in different parts of the world and foreign nationals from India, we are now looking at the possibility of establishing bilateral arrangements.” The U.S. Transportation Department issued an order Monday to require Indian air carriers to…

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Business International 

U.S. Treasury blasts records with $3 trillion borrowing need this quarter

By Administrator_India Capital Sands The U.S. Treasury Department on Monday said it plans to borrow nearly $3 trillion in the second quarter of 2020 – more than five times larger than the previous record – as the federal government spends at a frantic pace to mitigate the impact of the coronavirus on the U.S. economy. In a statement, Treasury said it would borrow $2.999 trillion during the April-June quarter – higher also than the previous record borrowing for a full fiscal year of $1.8 trillion in 2009. “It is larger…

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Europe Pushes Higher on Virus Hopes, Chinese Data Economic News International Market 

Europe Pushes Higher on Virus Hopes, Chinese Data

By Administrator_India Capital Sands European stock markets pushed mostly higher Tuesday, as traders returned from the Easter break hopeful the coronavirus outbreak may be peaking. At 3:35 AM ET (0735 GMT), the DAX in Germany rose 1.1%, France’s CAC 40 was up 0.5%, while the FTSE 100 in the U.K. underperformed, falling 0.1%. The broader based Stoxx 600 Europe index climbed 0.8%. The number of confirmed cases of the Covid-19 virus is rapidly approaching two million globally, but Italy – the worst hit country in Europe in terms of deaths – reported Monday its lowest number of new…

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India's services activity collapses as coronavirus paralyses global economy Economic News International 

India, Pakistan plan to restart some economic activity during coronavirus lockdown

By Administrator_India Capital Sands Economy of India Indian officials said the number of coronavirus cases in the country increased to 9,152 on Monday, including 308 deaths, a swift rise from fewer than 1,000 two weeks ago, even though the country of 1.3 billion people is under a sweeping 21-day lockdown. But the shutdown has left millions of people without work and the World Bank forecast India’s economic growth could drop to 1.5% to 2.8% in the fiscal year that started on April 1, the weakest pace in three decades. Prime…

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