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Guess what? Forex reserve will swell by $30 bn even if half of black money is returned

Oct 29, 2014

Guess what? Forex reserve will swell by $30 bn even if half of black money is returned

Though there would not be any immediate forex impact given the legal issues involved, it could add $30-35 billion to the forex reserves over time #Black money #forex reserves #BofA-ML #illegal funds
Don't worry about rupee, India's forex reserves at all-time high: Mayaram

Jan 27, 2014

Don't worry about rupee, India's forex reserves at all-time high: Mayaram

Seeking to assuage investors worried over declining value of the rupee and falling stock markets, the Finance Ministry today said country's economic fundamentals are "very strong" and there is no cause for concern. #Argentina #forex reserves #Indian rupee #CAD #Arvind Mayaram
Tax changes possible without budget session, says Chidambaram

Dec 30, 2013

Tax changes possible without budget session, says Chidambaram

There is no concept that changes can be made to taxation system in a vote-on-account, Finance Minister P Chidambaram today told CNBC TV18 in an interview. #Economy #Numbers #GDP #P. Chidambaram #TheySaidIt #fiscal deficit #Tax #Current Account Deficit #Forex reserve #Vote on account #G0old import
Recovery path? India narrows CAD to $ 5.2 bn in Q2

Dec 03, 2013

Recovery path? India narrows CAD to $ 5.2 bn in Q2

The RBI said the turnaround in export growth and decline in imports from July 2013 onwards led to a sharp improvement in the trade deficit to $83.8 billion in the first half of 2013-14. #Economy #Numbers #GDP #P. Chidambaram #fiscal deficit #Current Account Deficit #Gold Import #Forex reserve
Stupid, stupider: FM is building forex reserves with debt

Oct 23, 2013

Stupid, stupider: FM is building forex reserves with debt

From talk about creating a sovereign wealth fund we are now trying to build a forex kitty with borrowed dollars. An artificially strong rupee is a recipe for disaster #Elections #UPA #Chidambaram #forex reserves #Indian rupee #Sovereign wealth funds #External debt #Sovereign Debt