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.
May 05, 2016, 16:04 PM IST
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.
May 01, 2016, 17:50 PM IST
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.
Apr 28, 2016, 21:27 PM IST
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.
Mar 22, 2016, 19:50 PM IST
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
Mar 21, 2016, 22:39 PM IST
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.
Mar 21, 2016, 18:26 PM IST
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
Mar 18, 2016, 18:25 PM IST
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).
Mar 15, 2016, 23:12 PM IST
Exchange rate not impacting exports: Rajan
Brushing aside the contention that exchange rate is impacting exports, RBI Governor Raghuram Rajan today said the shipments can only be increased by raising productivity, improving infrastructure and simplifying regulations, which is in the domain of the government
Mar 13, 2016, 00:40 AM IST
Cut in gold imports to keep current account deficit under control
Gold traders all over the country may be on strike against imposition of 1 percent excise duty in the recently tabled budget, the government is not stressed big time as the protest is helping it to observe a sharp cut in imports of the yellow metal in March from a year earlier
Mar 11, 2016, 05:03 AM IST
'Finance Ministry, RBI keeping close watch on rupee; CAD under control'
The government proposes to bring down the fiscal deficit in current fiscal to 3.9 percent of GDP.
Jan 15, 2016, 15:24 PM IST
GDP to grow in excess of 7.5% this fiscal: Jaitley
Jaitley said that even when globally the economic situation is not that good, India's industrial and manufacturing output are showing improvement.
Oct 15, 2015, 20:18 PM IST
CAD narrows to 1.2% of GDP at $6.2 billion in Q1
The June quarter CAD figure is lower than USD 7.8 billion, or 1.6 percent of GDP, in the year-ago period, but higher than 0.2 percent for the March quarter.
Sep 11, 2015, 20:03 PM IST
India's CAD likely to widen in June quarter: Report
India's current account deficit (CAD) is likely to widen in the June quarter to 1.8-2.0 percent of GDP while for the current financial year, it is likely to remain under control, says a DBS report.
Aug 02, 2015, 13:55 PM IST
April-June fiscal deficit at 51.6% of Budget estimates
The fiscal deficit in the first three months of current fiscal stood at Rs 2.86 lakh crore or 51.6 per cent of Budget estimates for 2015-16.
Aug 01, 2015, 00:32 AM IST
Exports losing steam, may lead to job losses: FIEO
"If exports continue to move in the negative territory, it will sooner or later put pressure on CAD (current account deficit) and may derail the rebuilding of economy."
Jun 27, 2015, 17:17 PM IST
Current account deficit shrinks to 1-year low at 0.2%
Current Account Deficit (CAD) fell sharply to its lowest level in a year at USD 1.3 billion or 0.2 percent of GDP in the fourth quarter of 2014-15, as trade gap narrowed on lower oil prices and robust foreign inflows.
Jun 10, 2015, 19:45 PM IST
Gold imports rise 78.33% at $3.13 billion in April
The CAD in the first half of this fiscal declined to 1.9% of GDP ($18 bn) from 3.1% ($27 bn).
May 15, 2015, 20:00 PM IST
Economy recovering, despondency on its way out: Arun Jaitley
Finance Minister Arun Jaitley Thursday said the economy was in a recovery mode with inflation and fiscal deficit under control and despondency giving way to a positive environment.
May 14, 2015, 23:01 PM IST
CAD may decline to 0.9% of GDP in FY15: Report
The current account deficit for 2014-15 is expected to narrow down further to 0.9 percent of GDP due to subdued external demand and cooling commodity prices, a report said Tuesday.
Apr 21, 2015, 19:15 PM IST
