September 30, 2022 2:58 am
The country had reported a current account surplus of $6.6 billion, or 0.9 per cent of GDP, in the first quarter of 2021-22, the Reserve Bank of India data on Thursday showed.
September 04, 2022 10:32 am
Nevertheless, at $28.7 billion, trade deficit was the second-highest on record and close to the monthly peak of $30 billion in July. This will continue to pressure the current account deficit (CAD), which is likely to have hit a nine-year high in the June quarter amid capital outflows.
August 19, 2022 12:41 pm
Increase in gold and oil imports during the first four months of this fiscal contributed to a record trade deficit of USD 30 billion, against USD 10.63 billion in April-July 2021.
August 12, 2022 12:48 am
Despite having to bear additional fiscal burden, the Centre isn’t planning to slash the fertiliser subsidy rates at the moment, the source said. It doesn’t wish to add to farmers’ costs of production at this juncture.
July 30, 2022 5:49 pm
Partha Sen writes: If the world financial markets want a depreciated rupee, the RBI would be foolish to throw reserves to prevent it
July 15, 2022 4:08 am
Strong goods and service tax revenue and the windfall tax levied on July 1 will help the Centre to meet its fiscal gap target, which had come under pressure after the cut in excise duty on petrol and diesel, along with the high capital expenditure target.
April 02, 2022 9:26 am
The widening of CAD in Q3 of 2021-22 was mainly on account of higher trade deficit, according to the Reserve Bank of India.
March 31, 2022 11:42 pm
The current account deficit was 1.2 per cent of GDP in April-December 2021 as against a surplus of 1.7 per cent in April-December 2020 on the back of a sharp increase in the trade deficit, the RBI said on Thursday.
July 01, 2021 12:19 am
Private transfer receipts, mainly representing remittances by Indians employed overseas, increased to $20.9 billion, up by 1.7 per cent from their level a year ago.
November 23, 2020 3:41 pm
Noting that COVID crisis is a crisis to demand and primarily a negative shock to demand, Subramanian said, India's response was suitably crafted to deal with that.