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Current Account Deficit

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Current account deficit doubles to $8.2 bn in Oct-Dec quarter

Mar 10, 2015

Current account deficit doubles to $8.2 bn in Oct-Dec quarter

The current account deficit had reached $4.2 billion, or 0.9 percent of GDP a year earlier, the RBI said. #Economy #RBI #NewsTracker #Gross Domestic Product #Current Account Deficit #Trade Deficit
Modi govt's move towards better fiscal management key for rating upgrade: S&P

Jan 23, 2015

Modi govt's move towards better fiscal management key for rating upgrade: S&P

Takahira Ogawa, a director sovereign ratings at S&P, also said the current government is mindful of the quality of fiscal consolidation. #S&P #Narendra Modi #oil #Current Account Deficit #fiscal management
Low CAD, reforms brighten up prospects of Indian economy: Arvind Subramanian

Jan 14, 2015

Low CAD, reforms brighten up prospects of Indian economy: Arvind Subramanian

Pointing out that the cash balances of state-owned enterprises look "exciting", Subramanian suggested they invest more, adding that the PSUs could make a "real contribution to kickstart the economic growth". #Economy #India #China #World Bank #TheySaidIt #Current Account Deficit #Arvind Subramanian #Anant Geete
Falling crude price eases pressure on CAD, helping revival of economy: Jaitley

Jan 13, 2015

Falling crude price eases pressure on CAD, helping revival of economy: Jaitley

In a pre-Budget interaction with economists in New Delhi, he said with a sharp decline in international oil prices and due to focused attention from the government, the current account deficit is also within the comfort level. #Economy #Disinvestment #TheySaidIt #Arun Jaitley #NPA #Current Account Deficit #budget 2015
Jaitley hints curbs on gold import could go after fiscal situation improves

Jul 11, 2014

Jaitley hints curbs on gold import could go after fiscal situation improves

As a result of combined efforts, imports of gold has been declining. They fell by 72 percent to $2.19 billion in May due to restrictions imposed by the government. #Gold #fiscal deficit #Arun Jaitley #Excise #Current Account Deficit #imports #Duty #CAD
Budget 2014 Ramesh Damani says markets will rally until elections

Feb 17, 2014

Budget 2014 Ramesh Damani says markets will rally until elections

P Chidambaram's interim budget lived up to predictions that it would be a non-event for markets, with the BSE's Ramesh Damani saying the numbers are nothing to scare the market, especially since there were no new populist schemes announced. #GDP #Emerging markets #P. Chidambaram #Rupee #fiscal deficit #markets #Current Account Deficit #2014 Lok Sabha Elections #Vote on account #interim budget
Budget 2014 Rangarajan says achieving 4.1% fiscal deficit tall order

Feb 17, 2014

Budget 2014 Rangarajan says achieving 4.1% fiscal deficit tall order

Finance Minister P Chidambaram seems to have hit the right notes with his 2014 Interim Budget, pegging the fiscal deficit for 2013-14 at 4.6 percent of the GDP, well below the red line of 4.8 percent. The year's current account deficit will be contained at $45 billion. #GDP #Finance minister #P. Chidambaram #fiscal deficit #Tax #Current Account Deficit #excise duty #Vote on account #interim budget
Current account deficit to be $45 bn this year Chidambaram

Feb 17, 2014

Current account deficit to be $45 bn this year Chidambaram

The government had increased customs duty on gold thrice in 2013 to 10 percent and the RBI had imposed a series of curbs on inward shipments of the yellow metal. #Economy #Numbers #India #P. Chidambaram #Current Account Deficit #Vote on account