Latest News on Balance of payments
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Balance of payments - Total results - 14
Sep 21, 2016
Current account deficit narrows to $300 million in Q1 on massive import contractionThe current account deficit (CAD) narrowed sharply to just USD 300 million, or 0.1 per cent of GDP, in the June quarter, driven by lower trade deficit on deeper import contraction, the Reserve Bank said today.
Jun 16, 2016
India's current account deficit narrows sharply to $0.3 bn on lower trade deficitIndia's current account deficit (CAD) narrowed sharply to USD 0.3 billion, or 0.1 per cent of GDP, in the fourth quarter of 2015-16 from USD 7.1 billion, or 1.3 per cent, in third quarter, on account of lower trade gap.
Apr 19, 2016
February services export drops nearly 13% to $12.3 bnIn February 2015, the services export was at $14.09 billion
Dec 01, 2014
Import curbs only helped gold smuggling; so reversal will have no impact on CADShifting between smuggling and legal imports makes no difference to the current account deficit. Ergo, removing the restriction will make no difference to the current account deficit
Nov 20, 2014
Govt should restrict gold imports by all means. Here's whyRather than be caught on the back foot, it does make sense to tackle this issue through multiple measures to ensure that the external count remains stable
Jun 14, 2013
CAD troubles: Why India is the weakest link in 'hot money' mineIndia is emerging Asia's canary in the 'hot money' mine. As financial markets sell off on concerns over rising U.S. rates, what happens in India, an economy with slowing growth and a heavy dependence on foreign money, could well determine if this is merely a short-term rout or a full-blown cris
Apr 21, 2013
Gold price crash to help improve BoP position, says RangarajanSharp decline gold prices will have favourable impact on the economy especially the high current account deficit (CAD) and the overall Balance of Payment (BoP) position, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan has said.
Feb 15, 2013
India's services exports in Dec at $12.88 bn: RBIIndia's services exports in December 2012 stood at $12.88 billion, up 7.1 percent from a month ago, Reserve Bank data showed today.
Dec 29, 2012
Healthy balance of payment needed to achieve growth target: PrezThe government will have to take corrective measures to maintain healthy balance of payment in order to achieve the economic growth targets of the 12th Plan period (2012-17), President Pranab Mukherjee said today.
Dec 03, 2012
FDI inflows jump over two-fold to $4.67 bn in SeptFor the April-September 2012 period, India received maximum FDI from Mauritius ($6.25 billion), Japan ($ 1.32 billion), Singapore ($1.12 billion) the Netherlands ($ 968 million) and the UK ($592 million).