Gold imports tick up 10.47% to $2.42 billion in May
Gold imports grew 10.47 percent to USD 2.42 billion in May on declining prices and easing of restrictions by RBI.
Jun 16, 2015, 14:03 PM IST
Exports to China to pace up at 14% a year in 2020-30: HSBC
Exports to China are expected to grow by around 14 percent a year in the decade to 2030, potentially outpacing outbound shipment growth to any other country, said an HSBC trade forecast report.
May 28, 2015, 12:35 PM IST
Gold imports spike nearly 94% to USD 4.98 billion in March
Gold imports surged by 93.86 percent year-on-year to USD 4.98 billion in March due to declining prices and easing of restrictions by the RBI.
Apr 17, 2015, 21:13 PM IST
Gold related shares seen rising after RBI eases norms
An overnight move by the Reserve Bank of India to ease gold import and lending norms for banks is set to trigger gains in shares of jewellery makers, as well as shares of lenders which accept gold as collateral.
Feb 19, 2015, 09:53 AM IST
Forex kitty high, but may not cushion extreme volatility: RBI
RBI Deputy Governor H R Khan on Tuesday said though the country's forex kitty was at an all time high of USD 330 billion, there should be no complacency as no amount of reserves may be enough to fight extreme volatility.
Feb 10, 2015, 12:30 PM IST
India to have current account surplus this quarter: HSBC
India's current account is likely to swing to surplus after 32 quarters of deficit in the January-March period, and will halve to 0.6 percent of GDP in the next financial year starting April 1, says HSBC.
Feb 08, 2015, 11:21 AM IST
India may see current account surplus after 7 years: Nomura
Thanks to a steep fall in global crude oil prices, India may report its first current account surplus in over seven years at 1.5 percent of GDP in the ongoing quarter, leading brokerage Nomura said Monday.
Jan 19, 2015, 19:20 PM IST
Gold imports slump to 39 tonnes in December
Providing relief to the economy from widening trade deficit on account of gold imports, the inward shipments of the metal slumped in December to 39 tonnes, Commerce Secretary Rajeev Kher said on Wednesday.
Jan 07, 2015, 20:44 PM IST
Commerce Ministry calls meeting with jewellers on gold import issues
The Commerce Ministry has called a meeting of gems and jewellery exporters Wednesday to discuss issues regarding gold imports for the sector.
Jan 06, 2015, 20:24 PM IST
CAD likely to be 1.6% of GDP in FY15: Nomura
India's current account deficit is likely to be around 1.6 percent of GDP in the current financial year amid higher imports, Japanese brokerage firm Nomura has said.
Dec 17, 2014, 14:34 PM IST
Retrospective tax has only brought bad name to India: Jaitely
Retrospective tax has only brought bad name to India, instead of garnering more taxes, Finance Minister Arun Jaitley said in Lok Sabha Wednesday.
Dec 10, 2014, 18:47 PM IST
Analysts see FY15 CAD at 1.4% on further likely fall in crude
Analysts have allayed fears of widening current account deficit, which is 2.1 percent of GDP for the July-September period, and pegged it in the range of 1.4 to 1.8 percent for the full 2014-15 fiscal due to falling crude oil prices.
Dec 09, 2014, 17:27 PM IST
Rise in current account deficit not matter of concern: Arun Jaitley
The CAD in second quarter this fiscal increased on account of higher trade deficit contributed by deceleration in export growth and increase in imports.
Dec 09, 2014, 15:13 PM IST
RBI cautious on response to gold import surge
The Reserve Bank of India, grabbling with a surge in gold imports last month, could support some restrictions for trading houses but two senior policymakers involved in the bank`s decision-making said officials were also wary of overreacting.
Nov 21, 2014, 20:49 PM IST
FY15 CAD estimated at USD 36.7 billion or 1.8% of GDP: Citigroup
India's current account deficit for the current financial year is expected to be USD 36.7 billion, or 1.8 percent of GDP, despite a fall in exports and rise in imports, says a Citigroup report.
Nov 18, 2014, 17:27 PM IST
No decision yet over restriction on gold imports: Sitharaman
The government will take a decision on easing restrictions on gold imports after studying the issue in detail, Commerce and Industry Minister Nirmala Sitharaman said on Friday.
Nov 07, 2014, 19:07 PM IST
Narendra Modi effect: S&P upgrades India`s credit outlook to stable from negative
Global rating agency Standard & Poor's (S&P) has revised India's credit outlook to stable from negative.
Sep 26, 2014, 14:54 PM IST
8% GDP growth possible in next 2-3 years: Chidambaram
Former Finance Minister P Chidambaram on Tuesday said India can achieve 8 percent growth in the next 2-3 years by following the path of fiscal prudence.
Sep 23, 2014, 16:01 PM IST
Gold premiums fall to 4-month low on higher supplies
Gold premiums fell to 25-30 an ounce on London prices, a level last seen in February, from USD 60 charged earlier in June. Premiums hit a record of USD 160 an ounce in December last year.
Jun 18, 2014, 12:50 PM IST
