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India's April-June fiscal deficit hits 81 percent of full-year target: Govt

India's April-June fiscal deficit hits 81 percent of full-year target: Govt

India`s fiscal deficit touched 4.42 trillion rupees ($68.88 billion) during April-June period or 80.8 percent of the budgeted target for the current fiscal year that ends in March, government data showed on Monday.

Current account deficit narrows in 2016-17: RBI

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.

 

Budget 2017: A Detailed Overview of Economy

Budget 2017: A Detailed Overview of Economy

The economy under Modi's leadership has seen a major improvement in the past ten months on several fronts; however, certain hiccups are still there which will take time to sort out.

Coronary artery surgery can prevent heart failure in people with diabetes!

Heart failure is a common condition among people with Type 2 diabetes. 

FPI inflows surpass Rs 20,000 cr in September, at 11-month high

FPI inflows surpass Rs 20,000 cr in September, at 11-month high

Foreign investors pumped in more than Rs 20,000 crore into the capital market in September, making it the highest net inflow in 11 months.

FPIs remain bullish on markets; pour in Rs 9,500-crore in September

FPIs remain bullish on markets; pour in Rs 9,500-crore in September

Foreign investors have pumped Rs 9,500 crore (USD 1.4 billion) into the country's capital markets so far this month, driven by sound progress on rollout of GST and contraction in current account deficit (CAD).

Gold import plunges 52.5% to $4.97 bn in April-July

Gold import plunges 52.5% to $4.97 bn in April-July

Gold imports more than halved to USD 4.97 billion in the first four months of the current fiscal, which is expected to keep a lid on the current account deficit.

Gold imports slide 51% to $2.7 billion in April-May

Gold imports slide 51% to $2.7 billion in April-May

Gold imports fell by about 51 percent to USD 2.7 billion in April-May this fiscal, which is expected to keep a lid on the current account deficit.

Lower CAD a healthy sign, will meet macro data target: Lavasa

Lower CAD a healthy sign, will meet macro data target: Lavasa

Buoyed by the current account nearing surplus for the first time in nine years, the government on Friday said reduction in CAD is a sign of economic health and it is committed to sticking to its targets.

CAD narrows sharply to $0.3 billion in Q4 on lower trade deficit

CAD narrows sharply to $0.3 billion in Q4 on lower trade deficit

The Reserve Bank of India data on Thursday showed that the current account deficit also shrunk to 1.1 percent of the GDP in FY2015-16 from 1.8 percent in the previous fiscal.

CAD to widen to 1.6% of GDP in 2016-17 on demand push: Nomura

CAD to widen to 1.6% of GDP in 2016-17 on demand push: Nomura

India's current account deficit is likely to widen to 1.6 percent of GDP this fiscal, driven by pick-up in domestic demand on the back of better a monsoon and upcoming pay hikes, says a Nomura report.

 

India's foreign exchange reserves rise to $363 billion

India's foreign exchange reserves rise to $363 billion

India's foreign exchange reserves increased by $1.52 billion to $363.12 billion as on April 29, 2016, the Reserve Bank of India (RBI) said.

Government eases norm for availing export benefits under MEIS

Exporters have been relieved from submitting the landing certificate of goods to avail benefits under the Merchandise Exports India Scheme (MEIS), a move aimed at facilitating ease of doing business.

17 out of 30 sectors in negative zone in March in terms of exports

17 out of 30 sectors in negative zone in March in terms of exports

Exports of over half of the 30 sectors closely monitored by the Commerce Ministry were in the negative zone in March due to a fall in global commodity prices amid tepid demand.

CAD to widen to $25 billion in FY17 on surge in gold imports, sluggish exports: Report

What may cause concerns for the Indian economy, country's current account deficit (CAD) is likley to widen to USD 25 billion this year from USD 20 billion in 2015-16 due to slowness in exports and sudden surge in gold imports, as per a report released on Friday.

CAD to be closer to 1.3% in FY16: Ind-Ra

The current account deficit for the current fiscal is likely to come in close to 1.3 percent of the GDP, India Ratings and Research (Ind-Ra) said Tuesday.

India's February oil imports up 29.9% year on year

 India`s oil imports in February increased by 29.93 percent year on year to 4.27 million barrels per day (bpd), or 16.88 million tonnes, government data showed

CAD narrows to 1.3% of GDP in December quarter: RBI

CAD narrows to 1.3% of GDP in December quarter: RBI

India's current account deficit (CAD) narrowed to 1.3 percent of GDP in third quarter of the fiscal as against 1.5 percent in the same period last year, mainly on account of lower trade deficit.

Siddhivinayak temple in Mumbai to mobilise gold as India scrambles to cut imports

Siddhivinayak temple in Mumbai to mobilise gold as India scrambles to cut imports

The 200-year-old Shree Siddhivinayak temple in Mumbai has said it will deposit a portion of its gold hoard with a bank by the end of the month for recycling, responding to a government campaign to monetise some of the country`s thousands of tonnes of privately owned stocks of gold and cut costly imports

Gold imports contract 29.5% to $1.39 bn in February

Gold imports contract 29.5% to $1.39 bn in February

After a sharp rise in January, gold imports in February declined 29.49 percent to USD 1.39 billion, which is expected to keep a lid on the country's current account deficit (CAD).