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CAD News

31 Jan 2023

Budget 23 Should Focus on Falling Imports, Impact of Slowdown: Chidambaram

P Chidambaram on Monday says budget should focus on addressing issues like the impact of the global slowdown on economic growth, and falling exports. He further says that it must also focus on increase in the current account deficit (CAD) and mounting total government debt. The Union budget is scheduled to be tabled on February 1.

04 Dec 2018

CAD may widen to 3% in September quarter on higher crude prices, gold imports

The CAD is the difference between the inflow and outflow of foreign currency.

Import tariffs hike

12 Oct 2018

Smartphones, broadband data may get expensive as government increases duties

The move is the Prime Minister Narendra Modi government`s latest tilt toward protectionism, as it promotes its `Make in India` programme.

import duty hike

27 Sep 2018

Import duty on 19 products hiked: List of products that will become costlier

The enhanced duty rates which will make these imported goods expensive.

import duty hike

26 Sep 2018

Government hikes customs duty on 19 items to curb non-essential imports

The Centre's order will be effective from midnight of September 26-27.

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.

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 fiscal year

31 Jul 2017

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

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.

19 Jan 2017

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.

03 Oct 2016

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

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

Foreign investors

02 Oct 2016

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.

25 Sep 2016

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).

15 Aug 2016

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.

03 Jul 2016

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.

India's current account deficit

17 Jun 2016

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.

16 Jun 2016

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.

16 May 2016

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.

Foreign Exchange reserves

07 May 2016

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.

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