West Bengal CM Mamata Banerjee said at the August 26 meeting that the Centre owed the state Rs 4,100 crore as GST dues. How can compensation be paid to states if cess collections are insufficient? Congress President Sonia Gandhi set the tone for the GST Council meeting by calling the Centre's refusal to reimburse the states as nothing short of betrayal of the people by the Modi government.... [Full Article...]
At the time of writing this, Bitcoin is up 1.24% trading sideways near $11,400 for the past 24 hours, with its next key resistance levels at $11,600 and $11,800. If there is an upside break above the trend line resistance, the price could revisit the $11,800 resistance. This will most likely be followed by a few rejections up at $11,300 to create hoping lower lows until a full market bottom is... [Full Article...]
Globally, gold prices were mostly unchanged after rising more than 1 per cent in the previous session on a weaker USA dollar, as investors awaited a speech from Federal Reserve Chairman Jerome Powell due later in the day. The central bank has rolled out a wave of fiscal and monetary stimulus measures and cut interest rates to near zero to combat the economic toll caused by the pandemic, helpin... [Full Article...]
Flooding is also a concern with more than 6 million people under flash flood watches from Louisiana to Arkansas on Wednesday. "The deepest water will occur along the immediate coast near the landfall location, where the surge will be accompanied by large and destructive waves". [Full Article...]
The S&P 500 has already erased all its losses and was trading in new record territory on Tuesday morning. The three companies are exiting the Dow Jones Industrial Average , S&P Dow Jones Indices said Monday, part of a makeover prompted by Apple's decision to split its stock. [Full Article...]
If Fed Chair Powell says on Thursday that the US economy is recovering much slower than the Fed would like and that there is no reason to be overly anxious about the risk of higher inflation in the USA, that could mean a greater likelihood of further quantitative easing (QE), which might lead a weaker USA dollar and higher prices for both gold and Bitcoin. [Full Article...]
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. In a statement, the Geneva-based organisation said it has made a decision to reschedule the Annual Meeting 2021 to early next summer. The Swiss summit regularly attracts political and economic leaders worldwide. The announcement came the same day Swiss health authorities said the Alpine nation had record... [Full Article...]
Indian government consumption will support current economic demand while private consumption is likely to lead a recovery that takes hold after the coronavirus pandemic eases, the central bank said on Tuesday. Unlike the government and corporates, which follow the April-March financial year, the RBI follows a July-June fiscal year. However, the occurrence of these frauds are spread over seve... [Full Article...]
West Bengal CM Mamata Banerjee said at the August 26 meeting that the Centre owed the state Rs 4,100 crore as GST dues. How can compensation be paid to states if cess collections are insufficient? Congress President Sonia Gandhi set the tone for the GST Council meeting by calling the Centre's refusal to reimburse the states as nothing short of betrayal of the people by the Modi government.... [Full Article...]
At the time of writing this, Bitcoin is up 1.24% trading sideways near $11,400 for the past 24 hours, with its next key resistance levels at $11,600 and $11,800. If there is an upside break above the trend line resistance, the price could revisit the $11,800 resistance. This will most likely be followed by a few rejections up at $11,300 to create hoping lower lows until a full market bottom is... [Full Article...]
Globally, gold prices were mostly unchanged after rising more than 1 per cent in the previous session on a weaker USA dollar, as investors awaited a speech from Federal Reserve Chairman Jerome Powell due later in the day. The central bank has rolled out a wave of fiscal and monetary stimulus measures and cut interest rates to near zero to combat the economic toll caused by the pandemic, helpin... [Full Article...]
Flooding is also a concern with more than 6 million people under flash flood watches from Louisiana to Arkansas on Wednesday. "The deepest water will occur along the immediate coast near the landfall location, where the surge will be accompanied by large and destructive waves". [Full Article...]
The S&P 500 has already erased all its losses and was trading in new record territory on Tuesday morning. The three companies are exiting the Dow Jones Industrial Average , S&P Dow Jones Indices said Monday, part of a makeover prompted by Apple's decision to split its stock. [Full Article...]
If Fed Chair Powell says on Thursday that the US economy is recovering much slower than the Fed would like and that there is no reason to be overly anxious about the risk of higher inflation in the USA, that could mean a greater likelihood of further quantitative easing (QE), which might lead a weaker USA dollar and higher prices for both gold and Bitcoin. [Full Article...]
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. In a statement, the Geneva-based organisation said it has made a decision to reschedule the Annual Meeting 2021 to early next summer. The Swiss summit regularly attracts political and economic leaders worldwide. The announcement came the same day Swiss health authorities said the Alpine nation had record... [Full Article...]
Indian government consumption will support current economic demand while private consumption is likely to lead a recovery that takes hold after the coronavirus pandemic eases, the central bank said on Tuesday. Unlike the government and corporates, which follow the April-March financial year, the RBI follows a July-June fiscal year. However, the occurrence of these frauds are spread over seve... [Full Article...]