India's CAD for Q1 widens to four-year high of 2.4%
September 15, 2017 20:49 ISTCurrent account deficit (CAD) increased to $14.3 billion, or 2.4 % of GDP in Q1 of the current fiscal from $0.4 billion a year ago.
Current account deficit (CAD) increased to $14.3 billion, or 2.4 % of GDP in Q1 of the current fiscal from $0.4 billion a year ago.
Aa Tata Sons spokesperson said that the reinstatement of Tata Sons as a private company was considered by the board to be in the best interest of the company.
India's WPI inflation in August has risen to 3.24 per cent, nearly double that of July
Indian economy is going through period of dense fog, with uncertainty of macro-economic variables by itself is likely to impede investment intentions & act as a drag on growth, causing downgrades to GDP and earnings estimates for next financial year.
There has been a sharp increase in petrol prices in Delhi in two months since the government introduced dynamic pricing on June 16
RBI clarified it is using “sophisticated Currency Verification and Processing (CVPS)" machines for checking numerical accuracy and genuineness of the currency notes
Rajan said that had the government thrust the note ban decision upon him, the only option he would have had was to resign
Many GST assessees had complained of being unable to log on to the GSTN portal due to the massive rush to meet the deadline for filing GSTR-1
The GDP growth of Indian economy in the first quarter of 2017-18 fiscal has slowed down to 5.7 per cent as against 6.1 per cent in the previous quarter
Finance Minister Arun Jaitley defended the demonetisation drive saying the primary objective of the move was never "confiscation of money".
A large number of ATMs also remained closed, aggravating problems for the customers
With the first shipment of American crude oil set to reach the country by September end, India joins Asian countries like S Korea, Japan and China to buy American crude after production cuts by OPEC
Net NPAs or bad loans too soared to 5.97 per cent of the net advances by June end of this fiscal, up from 4.36 per cent in the year-ago period
According to analysts, one of the reasons for the dip in the RBI's revenue was the cost of printing new currency and also return of junked notes post demonestisation
The Economic Survey cited appreciation of rupee, farm loan waivers and transitionary challenges from implementing GST as the difficulties in achieving the growth levels
Appearing for Sahara chief Subrata Roy, senior advocate Kapil Sibal had on Wednesday sought to push back the publication of the sale notice and also asked for more time to review Sahara's payment plan
The Standing Committee on Railways wants the government to assess the quantum of social service obligations, and has asked the ministry to take a re-look at defining the Railways as a ‘commercial undertaking’
The collection for the April-July period is 19.5 percent of the Rs 9.80 lakh crore target from this segment for the entire 2017-18, the Finance Ministry said
The veteran industrialist said people expecting a single rate or two rates in a country like India with people with different levels of income was unrealistic
The CAG report noted that BHEL’s failure to diversify its business portfolio and to bridge the technology gap hit the company’s revenues, and essentially turned its profits into losses
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