Current Account-deficit

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Current Account-deficit - Total results - 222
Petrol, diesel prices at record high: Here’s why there no easy escape for the Narendra Modi govt from the crude scare
Business

Petrol, diesel prices at record high: Here’s why there no easy escape for the Narendra Modi govt from the crude scare

For the Modi government, on the economic front, the real joker in the pack has always been crude oil prices.

Petrol, diesel rates: Narendra Modi govt can no longer ignore a problem it ignited, especially in an election year
Business

Petrol, diesel rates: Narendra Modi govt can no longer ignore a problem it ignited, especially in an election year

Petrol, diesel prices were kept under check before the Karnataka Elections with the reason being that the government wanted the prices to remain unchanged lest they affect voting patterns

Gold imports shrink 40% to $2.49 bn in March; silver imports grow 31%
Business

Gold imports shrink 40% to $2.49 bn in March; silver imports grow 31%

India's gold imports fell 40.31 percent to $2.49 billion in March, which is expected to keep a lid on the current account deficit (CAD)

India's CAD likely to be around 1.7% of GDP in this financial year, owing to higher oil prices: Report
Business

India's CAD likely to be around 1.7% of GDP in this financial year, owing to higher oil prices: Report

According to data released by the RBI on Friday, the CAD rose to 2 percent of the GDP at $13.5 billion in the December quarter.

India's current account deficit widens to $13.5 bn during December quarter, RBI data shows
Business

India's current account deficit widens to $13.5 bn during December quarter, RBI data shows

India's current account deficit (CAD) widened to $13.5 billion during the third quarter of 2017-18 from $7.2 billion in the second quarter and $8 billion in the corresponding period in 2016-17, Reserve Bank of India (RBI) data showed

Foreign Trade Policy mid-term review: Exporters heave a sigh of relief; now for quicker GST refunds
Business

Foreign Trade Policy mid-term review: Exporters heave a sigh of relief; now for quicker GST refunds

According to industry estimates, in four months since July when GST came into effect, “about Rs 40,000-50,000 crore” has been pending with the government in the form of GST refunds

Narendra Modi's speech on economy is smart oratory but govt's been tardy tackling slowdown; time's running short
Business

Narendra Modi's speech on economy is smart oratory but govt's been tardy tackling slowdown; time's running short

Narendra Modi may liken his critics to Shalya, but among those making uneasy noises on the economy are Sanjayas who tell the story like it is and Viduras who may be offering sage advice

Narendra Modi to meet Arun Jaitley, officials to discuss GDP decline today; GST, note ban likely talking points
Business

Narendra Modi to meet Arun Jaitley, officials to discuss GDP decline today; GST, note ban likely talking points

Modi-Jaitley meeting comes days after govt data showed GDP growth in the first quarter of the current fiscal slumping to a 3-year low of 5.7%, from 7.9 % in April-June of 2016 and 6.1% of January-March

India's gold imports surge 3-fold to US $4.95 bn in May
Business

India's gold imports surge 3-fold to US $4.95 bn in May

Surge in the imports last month contributed to the widening of trade deficit to a 30-month high of US $13.84 billion as against US $6.27 billion in May 2016

Current account deficit may rise to 1.2% of GDP in FY18 as oil, gold imports seen higher: Icra
Business

Current account deficit may rise to 1.2% of GDP in FY18 as oil, gold imports seen higher: Icra

Higher oil and gold imports will enlarge the current account deficit to $30 billion in fiscal 2018 from $20 billion in 2016-17, says Icra

Urjit Patel exclusive interview: Collateral benefits of demonetisation will take time to play out
Business

Urjit Patel exclusive interview: Collateral benefits of demonetisation will take time to play out

'Our current account (deficit) is low and has been low for some time now. It is at a level that is easily financeable.'

PM Modi says stock market success should benefit villages not Dalal Street or Lutyens
Business

PM Modi says stock market success should benefit villages not Dalal Street or Lutyens

Modi said our markets must show that they were able to successfully raise capital for projects benefiting the vast majority of our population, particularly related to infrastructure

Sensex surges 266 pts tracking global cues after US Fed keeps rates steady
Business

Sensex surges 266 pts tracking global cues after US Fed keeps rates steady

Trading sentiment got a boost after the current account deficit narrowed sharply to just $300 million, or 0.1% of GDP in the June quarter

Current account deficit narrows to $300 million in Q1 on massive import contraction
Business

Current account deficit narrows to $300 million in Q1 on massive import contraction

The 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.

Gold imports plunge 60.5% to $6.08 bn in Apr-Aug as prices slide
Business

Gold imports plunge 60.5% to $6.08 bn in Apr-Aug as prices slide

Gold imports stood at $15.42 billion in April-August of 2015

Low crude price may push CAD below 1% this fiscal: Subramanian
Economy

Low crude price may push CAD below 1% this fiscal: Subramanian

The CEA said though the price of gold is surging, it may not have an impact on the overall CAD as the yellow metal imports constitutes less than half of the oil import bill resulting a in net positive affect.

CAD may fall below 1% in FY17, but India to face Brexit heat: Arvind Subramanian
Business

CAD may fall below 1% in FY17, but India to face Brexit heat: Arvind Subramanian

Though the price of gold is surging, it may not have an impact on the overall CAD as the yellow metal imports constitutes less than half of the oil import bill resulting a in net positive affect

India's current account deficit narrows sharply to $0.3 bn on lower trade deficit
Business

India's current account deficit narrows sharply to $0.3 bn on lower trade deficit

India'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.

RBI's Rajan says taking steps to 'firewall' economy
Business

RBI's Rajan says taking steps to 'firewall' economy

Reserve Bank of India Governor Raghuram Rajan said extending the country's external debt maturities, implementing sound policies, and building up foreign exchange reserves were the best "firewall" to defend the country's economy.