Latest News on Balance Of Payments
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Balance Of Payments - Total results - 18
Feb 04, 2019
Foreign direct investments during Apr-Sep 2018 fell 11% to $22.66 bn: Commerce ministry dataA decline in foreign inflows could put pressure on the country's balance of payments and may also impact the value of the rupee
Dec 07, 2018
CAD widens to 2.9% of GDP during Q2 on large trade deficit; net services receipts increase by 10.2%The CAD increased from $6.9 billion or 1.1 percent of GDP in the second quarter of 2017-18.
Oct 15, 2018
Govt may not further hike import duty on non-essential items; could take other measures to arrest impact of Re slideThe government had, effective 27 September, doubled duties on import of 19 items, including air conditioners, household refrigerators and washing machines (less than 10 kg), to 20 percent.
Sep 10, 2018
Rupee to hit 73 by March 2019; fiscal deficit to reach 6.5% in FY19 on shortfalls in GST collection and divestments: UBSA country's external balances are one of the key factors influencing the currency and weakness in it has led to a 12 percent depreciation in the rupee till now, it said
Sep 07, 2018
CAD eases marginally to 2.4% of GDP in Apr-Jun quarter of current fiscal, shows RBI dataIn value terms, the CAD was higher at $15.8 billion in April-June this year as against $15 billion in the same quarter of 2017-18 mainly due to a higher trade deficit.
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