Dec 06, 2013 at 21:19 | Source: Reuters
To curb a record trade deficit, India imposed an import duty of 10 percent on gold, and tied imports for domestic consumption with exports, creating scarce supply of the yellow metal, and boosting premiums to a record.
Dec 04, 2013 at 12:23 | Source: Moneycontrol.com
Sushil Finance has come out with its report on currency. "Indian Rupee is expected to trade on mixed note. Narrowed current account deficit and weakness in DX may support currency to trade positive," says the research firm.
Dec 04, 2013 at 09:27 | Source: Reuters
Stung by rules imposed this year to cut a high trade deficit and a record duty on imports, dealers and individual customers are fanning out across Asia to buy gold and sneak it back into the country.
Nov 27, 2013 at 21:53 | Source: PTI
CAD is a difference between outflow and inflow of foreign exchange. It was at USD 88.2 billion or 4.8 percent of GDP in the last fiscal. The Finance Ministry expects it to be at USD 56 billion or less this financial year. Last year 2012-13 it was 4.8 percent.
Nov 26, 2013 at 19:19 | Source: PTI
In 2012-13 fiscal, the plan expenditure was reduced by over Rs 90,000 crore to Rs 4.29 lakh crore, from Rs 5.21 lakh crore estimated in budget. This helped to contain fiscal deficit at 4.9 percent of GDP.
Nov 16, 2013 at 14:54 | Source: CNBC-TV18
The Reserve Bank of India (RBI) and the Indian government have been working to ensure that Indian government bonds are included in one of the emerging market government bond indices such as the JPM Index.
Nov 05, 2013 at 17:36 | Source: Reuters
India, struggling with a high trade deficit and weak currency, has been trying to curb demand for gold, the second-biggest import item after oil.
Oct 25, 2013 at 08:42 | Source: Reuters
Chidambaram insists that the fiscal deficit target of 4.8 percent of GDP for the year to March 31, 2014, is a red line that will not be breached
Oct 24, 2013 at 14:08 | Source: Reuters
Similar to the poll, the World Bank sharply lowered its forecast for Asia's third-largest economy to 4.7 percent from 6.1 percent for the current fiscal year, citing a slowdown in manufacturing and investment.
Oct 23, 2013 at 15:25 | Source: CNBC-TV18
India Ratings says that the country's FY14 GDP of 4.9 percent is the rock-bottom level. It also sees the fiscal deficit to be around 5.2 percent of the GDP and is wary of reduced planned expenses by government to put a cap on this deficit.