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As rising CAD starts pinching, the Centre starts scrutinising imports

As the trade deficit in May hit a record high of $24.3 billion, revenue authorities have now become vigilant, according to a report

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BS Web Team New Delhi

The Centre has started to closely monitor imports amid concerns over the rise in current account deficit (CAD), which could undermine the nation's macroeconomic balance, a news report said. 

 

As the trade deficit in May hit a record high of $24.3 billion, revenue authorities have now become vigilant, a senior government official told The Economic Times