Cad
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Gold imports dip 14% to $28.2 bn during 2019-20; gems and jewellery exports decline 11% to $35.8 bn
•Gold imports, which have a bearing on the country's current account deficit (CAD), fell 14.23 percent to $28.2 billion during 2019-20, according to commerce ministry data
Gold imports dip 8.86% to $27 bn during Apr-Feb 2020; current account deficit narrows to $143 bn
•Gold imports, which have a bearing on the country's current account deficit (CAD), fell 8.86 percent to $27 billion (about Rs 1.90 lakh crore) during April-February period of the current financial year, according to commerce ministry data
India's current account deficit narrows to $1.4 billion in December quarter as net services receipts rise
•The sharp contraction was primarily due to a lower trade deficit at $34.6 billion, and a rise in net services receipts, the central bank said.
Budget 2020: Abolishing dividend distribution tax, rationalising income tax slabs among most expected reliefs from Nirmala Sitharaman
Vishal Anand •This year’s Budget should look at increasing the limit of deduction under section 80C.
High oil prices pose threat to improvement in CAD in FY20; balance of payment surplus likely: Report
•Market participants view the rally in Brent oil prices as "a threat to the improvement in India's FY20 CAD and forecasts for a balance of payment surplus," it stated.
Gold imports plunge 12% to hit three-year low in 2019, record high prices dent demand; trade deficit narrows
Fp Staff •In August last year, the domestic spot gold prices surged to a life-time high of Rs 40,220 per 10 grams due to worries over a possible global recession and uncertainty over the US-China trade talks.
Gold imports dip 7% in April-November to $20.57 bn; trade deficit narrows to $106.84 bn
•India's gold imports, which have a bearing on the current account deficit (CAD), fell about 7 percent to $20.57 billion during April-November period of the ongoing financial year, according to the commerce ministry data
Current account deficit narrows to 0.9% of GDP in July-September quarter on lower trade deficit: RBI
•In the first half of the current fiscal, the CAD narrowed to 1.5 percent of GDP from 2.6 percent in the same period in FY2018-19 on the back of a reduction in the trade deficit.
Why Union Budget 2020 is an opportunity for govt to demonstrate its intent to rebuild economic policy credibility
Srikanth •Union Budget documents show that from FY17 to FY20, capital expenditure allocation went up by 18 percent over four years; revenue expenditure went up by 45 percent in that same period: nearly 2.5 times more
Assamese artist Papon cancels Delhi concert following anti-citizenship bill protests in Assam: 'My home state is burning', tweets singer
Fp Staff •In his tweets, Papon promised his fans that he would return to perform in Delhi.