Balance Of Payment Top Stories
Balance Of Payment News
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Jan 10, 2018
US freezes aid to Pakistan: Islamabad dismisses economic fears, but can it really count on Beijing?
Pakistan's economy is currently stable and growing, says senior World Bank economist Muhammad Waheed. But it is also financed through the World Bank, the IMF and the ADB -
Jan 02, 2018
Budget and Beyond: I want everything to come under GST; there should be no exemptions, Bibek Debroy tells Firstpost
Many of the things that this government has done will begin to show results with a slight time lag, be it improvements in the transportation sector, connectivity in the power sector, financial inclusion, Rera or GST (goods and services tax). -
Dec 13, 2017
India's July-September current account deficit more than doubles | Reuters
MUMBAI (Reuters) - India’s July-September current account deficit more than doubled from a year earlier after imports accelerated while crude prices surged, data published by the Reserve Bank of India showed on Wednesday. An India Rupee note is seen in this illustration photo June 1, 2017 -
Dec 07, 2017
China reasserts control over CPEC, disciplines Pakistan by halting funding for three infrastructure projects
The Chinese government has stopped funding three infrastructure projects in Pakistan under the China-Pakistan Economic Corridor (CPEC) programme. These three projects were included in the CPEC agenda in December 2016 and the final procedural formalities were pending. -
Nov 23, 2017
Pakistan searches for new finance minister after Dar relieved of duties | Reuters
KARACHI, Pakistan (Reuters) - Pakistan on Thursday began searching for a new finance minister a day after Ishaq Dar was relieved of his portfolio amid mounting headwinds for the economy. The departure of Dar, widely credited with navigating Pakistan out of a 2013 balance of payments crisis, comes as the country is seeking to raise in excess of $1 billion on debt markets through a sukuk and a Eurobond in coming months. -
Nov 18, 2017
Manmohan Singh says Moody's India rating upgrade does not mean economy is out of the woods
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Nov 15, 2017
India's GDP projected to grow at 6.2% in FY18; real agriculture GVA would grow at 3 percent: Study
World Bank has said India's GDP may slow from 8.6 percent in 2015 to 7 percent in 2017 -
Nov 14, 2017
India services export flat at $14 bn in Sep, import grows to $8.45 bn, shows RBI data
However, services import slightly picked up to $8.45 billion, showed RBI data -
Oct 14, 2017
As Donald Trump attacks Iran and disavows nuclear deal, his statements do not seem to be rooted in fact
Trump offered a questionable reading of Iran's past economic condition when he blamed the Obama administration for lifting sanctions just as Iran's government was facing "total collapse". -
Oct 03, 2017
Narrative-peddlers should take a break; Indian economy is not in as bad a shape as is being claimed
However, slow nursing of the economy back to health is possible only if it has not been irrevocably grounded, as former finance minister Yashwant Sinha has alleged. -
Sep 29, 2017
Yashwant Sinha is passing off personal agenda as 'national duty' by criticising Narendra Modi govt
According to senior BJP leaders, former finance minister Yashwant Sinha has occasionally struck a note of dissonance with the Narendra Modi govt to stay relevant -
Sep 21, 2017
Reviving growth: It’s time for Narendra Modi govt to spend; fiscal deficit is not a holy cow
With some inspired but careful tax breaks and spending measures before and during the next budget, the government may yet salvage its reputation just in time for elections due in 2019 -
Aug 28, 2017
FDI consolidated policy includes startups, allows 100% foreign venture capital investment
The DIPP, which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand. -
Aug 11, 2017
Economic Survey highlights: Jobs a 'great challenge', house prices stay high despite low demand
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Jul 24, 2017
Bharat Arun, Robin Singh awarded ex-gratia payments as part of BCCI's one-time beneficiary scheme
It has been learnt that BCCI has zeroed in on 55 former India players, who have either not been paid during the first lot of payments or are due to get some balance of payments. -
Jul 20, 2017
GST hits carpet exports; 2 mn workers affected, 5,000 units may close, says export body
No new orders are being executed and weaving has almost come to a complete closure for new orders. -
Jul 19, 2017
Tourism sector witnesses a 22.6 % growth in Foreign Exchange Earnings
The Tourism Ministry estimates the monthly Foreign Exchange Earnings through tourism in India, both in rupee and dollar terms. -
Jun 26, 2017
India's coal-run thermal power plants may be economically unviable in future, claims analyst
India's ultra thermal plants, designed to run on foreign coal, may no longer afford to do so economically in the future, says a top financial analyst with a leading US-based institute. -
Jun 15, 2017
India's current account deficit widens in January-March | Reuters
MUMBAI India's current account deficit widened to $3.4 billion, or 0.6 percent of gross domestic product, in the January-March quarter from the same period a year earlier, the Reserve Bank of India said in a statement on Thursday. That compared with a deficit of $0.3 billion, or 0.1 percent of GDP in the same quarter of 2016, and a deficit of $8 billion, or 1.4 percent of the GDP in the October-December quarter, according to the RBI data. For the full year till March, current account deficit narrowed to 0.7 percent of GDP, from 1.1 percent in 2015/16, on the back of contraction in trade deficit, the RBI said in a statement -
Jun 14, 2017
Right to education: Global cuts in state funding indicate increased privatisation and commodification
Global cuts in state funding are indicative of increased privatisation and commodification of education as a tradable product available for the student consumers.
