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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
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Exports need to be increased for bringing down CAD, says President
Expressing concern over high current account deficit, President Pranab Mukherjee today said exports need to be increased to bring down the deficit to sustainable levels. #GDP #Pranab Mukherjee #Economic growth #TheySaidIt #Current Account Deficit #exports
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India has potential to grow at 8%: Rangarajan
As per the latest estimates for 2012-13, investment rate is close to 35 percent, he said. #C Rangarajan #TheySaidIt #Current Account Deficit #PMEAC
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India's economic policy review: All you need to know
PMEAC chairman Chairman C Rangarajan also said that there are definite signs of wholesale price index (WPI) inflation coming down. #GDP #C Rangarajan #Current Account Deficit #PMEAC #ExpertView #WPI inflation
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Gold, oil crash is silver lining, but beware the dark cloud
While the commodities crash of last week is generally a good thing, it isn�t an unalloyed blessing for the Indian economy. #HowThisWorks #Gold #P. Chidambaram #C Rangarajan #oil #Subsidy #Current Account Deficit #Global economy
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Current account deficit can be halved in a year, says Chidambaram
India is seeking foreign investment to fund its account deficit, which hit an all-time high of 6.7 percent of gross domestic product in the October-to-December period, driven by heavy imports of gold and oil and by muted exports. #GDP #FDI #WhoSaidWhat #Chidambaram #Current Account Deficit #FII
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Experts expect CAD to ease to about 3% of GDP
India's current account deficit could ease to around 3 percent in the current fiscal year from prior estimates of about 4 percent due to sharp drop in global commodity prices, two analysts said on Wednesday. #Economy #GDP #Current Account Deficit #ExpertView
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It's too soon to celebrate a 'turnaround' in the economy
While it is true that a cyclical recovery is on the horizon, it is folly to read too much into it - and avoid the painful but necessary structural reforms that have been put off for too long. #P. Chidambaram #Montek Singh Ahluwalia #Current Account Deficit #Indian rupee #fiscal consolidation