Economic News Archives

By Administrator _India Capital Sands Foreigners opening a company in the United Arab Emirates no longer need an Emirati shareholder or agent under changes to UAE company law, state news agency WAM reported on Monday. Until now, companies in the UAE had needed a certain shareholding to be held by Emirati nationals, or an Emirati agent, depending on what type of company it was. The UAE approved a new foreign investment law in 2018 that would allow foreigners to own up…

लोन मोरेटोरियम मामले में सुप्रीम कोर्ट में सोमवार को सुनवाई हुई. मोरेटोरियम के दौरान लोन पर चक्रवृद्धि ब्याज के मामले में शीर्ष न्यायालय ने कहा कि केंद्र की ओर से दायर हलफनामा याचिकार्ताओं द्वारा उठाए गए कई मुद्दों का समाधान नहीं करता है. सुप्रीम कोर्ट ने केंद्र के हलफनामे पर असंतोष जताते हए.कहा कि केंद्र के हलफनामे में मामले में उत्पन्न होने वाले कई मुद्दों से नहीं निपटा गया है. आरबीआई या किसी अन्य प्राधिकरण द्वारा कोई परिणामी सर्कुलर जारी नहीं…

By Administrator_India Capital Sands Prime Minister Narendra Modi on Friday launched the ‘Atma Nirbhar Uttar Pradesh Rozgar Abhiyan’ which seeks to promote local entrepreneurship and create partnership with industrial associations to provide employment opportunities. At the virtual launch, Modi interacted with villagers from six districts of Uttar Pradesh. Villages across all districts of the state joined the event through Common Service Centres and Krishi Vigyan Kendras. The scheme seeks to dovetail central and state government’s…

The euro held big gains on Friday after the European Central Bank expanded its stimulus more than expected to prop up an economy dealing with its worst recession since World War Two. The euro’s gains helped support appetite for riskier currencies in Asia with the Australian dollar holding gains and the Hong Kong dollar higher. The ECB increased its emergency bond purchase scheme by 600 billion euros, more than 500 billion expected by markets, to…