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
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
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
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.
Sensex lost 741.94 points in the previous four sessions
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
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
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
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
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
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
'Our current account (deficit) is low and has been low for some time now. It is at a level that is easily financeable.'
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
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
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 stood at $15.42 billion in April-August of 2015
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.
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 (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.
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.