Articles
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CAD worries: RBI puts restrictions on gold imports by banks
"To moderate the demand for gold for domestic use, it has been decided to restrict the import of gold on consignment basis by banks, only to meet the genuine needs of exporters of gold jewellery," the RBI said in a statement. #WhyNow #RBI #Current Account Deficit #Gold Import
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RBI's new headache: Huge gold shopping spree heightens CAD worries
A 138 percent jump in gold imports in April heightened worries about India's current account deficit, offsetting any comfort policymakers took from slowing inflation and limiting space for monetary easing to help revive a moribund economy. #HowThisWorks #Inflation #RBI #Current Account Deficit #Trade Deficit #Gold Import
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April trade deficit jumps to $17.8 bn on huge gold imports
India's April trade deficit leapt to $17.8 billion, a trade ministry official said, on a massive surge in imports of cheaper gold that will increase concerns about the current account deficit in the country. #Economy #Business #NewsTracker #Current Account Deficit #Trade Deficit #gold imports
Blog posts
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Dont rejoice just yet. Falling gold prices may not reduce CAD
High price sensitivity of demand may actually increase Indians� demand for gold and eventually end up with little or no impact on the CAD. #Inflation #Economy #Gold #RBI #Current Account Deficit #ExpertView #gold imports #policy
Wire
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Shropshire StarCurrent account targets low earners
It is designed to appeal to those who are put off by unexpected penalties levied in certain instances for missed payments, which cost some customers £140 a year. The Control Account is one of three current accounts being launched by the Post Office - in #Bank of Ireland
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FinFactsESRI's FitzGerald says Irish GNP and Current Account surplus overstated
John FitzGerald, a research professor at the ESRI (Economic and social Research Institute), says in a paper published today that GNP (gross national product) and the Current Account surplus have been overstated by the rise in large mainly US companies tr #Bermuda #Ingersoll-Rand #Accenture Ltd.
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The IndependentBanks get reprieve on current accounts
Britain's high street banks have been let off the hook by the Office of Fair Trading, which has decided not to refer them to the Competition Commission over the current account market. The OFT has been investigating the banks over whether or not they put #United Kingdom #Lloyds Banking Group #HSBC