Page 7 - Current Account Deficit

Non-essential items unlikely to see more import duty hikes: Officials

Earlier in the day, a finance ministry official had said more steps will be taken to check CAD and hoped that the rupee would appreciate

Govt looking to amend FEMA to cut costs associated with remittances

Move among a series of measures to control CAD

India mulls more import curbs to shore up rupee, curb a ballooning CAD

PM Narendra Modi is said to meet officials on trade deficit on Thursday

Besides import curb, farm exports to China key to India cutting deficit

Expanding agricultural exports such as soybeans and cotton to China by exploiting opportunities from a global trade war will help cut the deficit

Rupee-renminbi trade on cards to reduce deficit and strengthen rupee

The trade deficit has widened to more than $80 billion in the first five months of FY19 as the value of the rupee has nosedived

To counter widening CAD, govt focuses on computer services, tech export

Monday's meet on boosting exports also called for slashing imports

Time to wake up? CAD and rupee are to remain stressed until the 2019 polls

An interest rate hike is inevitable and bond yields will not recede. This will impact slowly reviving capital formation. We are not in a sweet spot

BofAML ups CAD forecast to 2.8% in FY19 on rising crude oil prices

The country's CAD widened to $15.8 billion or 2.4 per cent of the GDP for the first quarter

No need for curbs on gold to bring down CAD, says WGC's Somasundaram PR

Demand for gold remains low, and talks on gold spot exchanges may pick up soon, he said

Borrowing our way into trouble

To reduce current account deficit, govt should have focused on narrowing the trade imbalance via export facilitation and linked FDI

To woo dollars, govt won't tax interest payable on offshore rupee bonds

Consequent to Prime Minister Narendra Modi reviewing the state of economy last week, the government had announced a multi-pronged strategy to contain the current account deficit

Centre to stick to fiscal target of 3.3% as tax revenues on the rise: FM

Finance ministry tells PM fiscal deficit target will be met, capex expenditure won't be cut and GDP growth will surpass 7.5%

Govt to stick to capital expenditure, fiscal deficit targets: Arun Jaitley

Jaitley said the primary focus of the Friday meeting was the current account deficit and how to narrow it down

Govt should focus on boosting exports, protectionism won't reduce CAD: FIEO

The govt Friday announced an array of steps, including relaxation for foreign portfolio investments, and curbs on non-essential imports, to contain the widening CAD and check the rupee depreciation

Modi govt announces five-point plan to control current account deficit

Move to have $8-10 bn impact, says DEA secy; non-essential imports to be reduced; more initiatives soon

Structural reforms needed to fix CAD challenges

India's CAD is structural. Growth is not driven by exports

Rupee plunges to record low as current account deficit widens to 5-yr high

The worst may be yet to come as the crude import bill for India surged 76% in July from a year earlier to $10.2 bn

India's Q1 current account deficit (CAD) at 2.4% of GDP: RBI data

In value terms, the CAD was higher at $15.8 billion in April-June this year as against $15 billion in the same quarter of 2017-18

Current account deficit is likely to touch 2.8% of GDP in FY19: SBI report

The merchandise trade imbalance is also expected to rise to USD 188 billion in FY19, compared with USD 160 billion in FY18

CAD set to widen; seen rising to 2.5% of GDP in June quarter: Icra

In the June quarter of FY18, CAD was $ 15 billion, and for the full year of FY18 it stood at 1.9 per cent of the GDP, Icra said in its report