Gold imports dip 14% to $28.2 bn during 2019-20; gems and jewellery exports decline 11% to $35.8 bn
• 5 years agoGold 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
• 5 years agoGold 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
• 5 years agoThe 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 • 5 years agoThis 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
• 5 years agoMarket 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 • 5 years agoIn 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
• 5 years agoIndia'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
• 5 years agoIn 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 • 5 years agoUnion 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 • 5 years agoIn his tweets, Papon promised his fans that he would return to perform in Delhi.