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Current Account Deficit
Current Account Deficit News
RBI
26 Mar 2024
India's CAD Dips To $10.5 Billion In October-December: RBI
The merchandise trade deficit at USD 71.6 billion was marginally higher than USD 71.3 billion during the third quarter of 2022-23.
India CAD
29 Dec 2022
India's current account deficit reaches 9-year high: RBI report
India's CAD widens in July-September: RBI report. The reason attributes to high commodity prices and weak rupee. It reaches 9-year high.
Gold imports
18 Apr 2021
Gold imports rise by 22.58% to $34.6 bn in 2020-21
Silver imports during the last fiscal, however, dipped by 71 percent to about USD 791 million. Imports of the yellow metal stood at USD 28.23 billion (about Rs 2 lakh crore) in 2019-20, the data showed. Despite growth in gold imports, the country's trade deficit narrowed to USD 98.56 billion during 2020-21 as against USD 161.3 billion in 2019-20. The demand for gold would further increase on account of the forthcoming auspicious Akshaya Tritiya and marriage season which could increase the CAD.
Gold imports
19 Oct 2018
Gold imports up 4% to $17.63 billion in Apr-Sep 2018-19
Imports of the precious metal stood at USD 16.96 billion in April-September 2017-18 financial year, according to the commerce ministry data.
import duty hike
12 Oct 2018
Govt hikes import duty on select communication items to up to 20%
The increased duties would be effective from October 12, the Central Board of Excise and Customs (CBIC) said.
Gold imports
18 Sep 2018
Govt may take policy steps to curb gold imports; unlikely to raise duties
The effort is a part of the exercise by the government to check fall in rupee value and control current account deficit (CAD).
Rupee depreciation
18 Sep 2018
Global factors to be blamed for rupee depreciation: Jaitley
It had closed at a one-week high of 71.84 on Friday.
Vantage Point
13 Sep 2018
Blame for fuel price shock definitely lies with NDA government. Here's why
When 'international developments' were favourable, the NDA government took credit for something it didn't do. Now that situation is unfavourable, it doesn't want to take the blame.
Arun Jaitley
19 Aug 2018
UPA was 'reckless', gave up economic strength of Vajpayee years: Arun Jaitley
Jaitley argued that the UPA government had little to nothing to do with why India saw economic growth during its tenure.
Current Account Deficit
22 Mar 2018
CAD may treble to $10-12bn in Q4 on higher trade deficit: Report
The CAD had increased to $13.5 billion, or 2 percent of the gross domestic product in the third quarter as well.
Current Account Deficit
19 Mar 2018
India's current account deficit likely at 1.7% in FY18: Report
According to RBI data, the current account deficit rose to 2% of the GDP at $13.5 billion in the December quarter.
Current Account Deficit
16 Mar 2018
India Q3 current account deficit widens to $13.5 bn
Current Account Deficit rose at 2.0% of GDP in Q3 FY 2018.
India's CAD
13 Dec 2017
India's July-September current account deficit more than doubles to $7.2 billion
However, CAD in the second quarter narrowed sharply from USD 15 billion (2.5 percent of GDP) in the preceding quarter, the RBI said today.
Assocham
01 Oct 2017
Govt should relax fiscal deficit targets, boost expenditure: Assocham
In a statement, the chamber said India Inc is looking up to the government to take the 'out of ordinary' measures, citing "concerns over slowdown in growth due to the transient disruptions in the economy following GST implementation and the remaining over-hang of demonetisation".
Yashwant Sinha
28 Sep 2017
Yashwant Sinha, the Economy of India and the Bharatiya Janata Party
And this is not the first time someone is pointing to the imminent crisis — an economic slowdown is not Lord Voldermort’s name that can’t be uttered. It needs to be identified and dealt with.
Current Account Deficit
18 Sep 2017
'CAD likely at 1.5% of GDP in 2017; funding not a constraint'
Nomura expects current account deficit likely at 1.5 per cent of GDP in 2017 but noted that funding will not be a constraint.
Current Account Deficit
15 Jun 2017
Current account deficit narrows in 2016-17: RBI
India`s current account deficit (CAD) narrowed during last fiscal due to a contraction in the country`s trade deficit.
India`s CAD
10 Mar 2017
India's current account deficit to touch $30 billion in 2018
India`s current account deficit is expected to increase by $10 billion to $30 billion in the 2017-18 fiscal due to higher oil and gold imports, credit rating agency ICRA said.
India's CAD
13 Dec 2016
India's current account deficit narrows to 0.6% of GDP in Sept quarter
The current account deficit (CAD) narrowed by more than a percentage point to 0.6 percent of GDP at USD 3.4 billion in the July-September on account of lower trade deficit.
Current Account Deficit
17 Nov 2016
India's current account deficit to stay at $10.1 billion in FY17: Citigroup
India's current account deficit is expected to stay comfortable at USD 10.1 billion in this financial year, largely on account of likely demand moderation post the demonetisation move, says a Citigroup report.
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