Palestinian President
CAD goes up sharply to 2.4% of GDP in Q1 on widening trade gap
India's current account deficit (CAD) rose sharply to USD 14.3 billion -- or 2.4 per cent of GDP -- at the end of first quarter of 2017-18, mainly on account of an increased trade gap. CAD stood at USD 0.4 billion, or 0.1 per cent of GDP, in April-June of 2016-17. The figure compares with USD 3.4 billion (0.6 per cent) for the quarter ended March 2017. "The widening of CAD on a year-on-year (y-o-y) basis was primarily on account of a higher trade deficit (USD 41.2 billion) brought about by a larger increase in merchandise imports relative to exports," said the Reserve Bank (RBI) while issuing the document on Developments in India's Balance of Payments during April-June of 2017-18. In general terms, CAD refers to the difference between inflow and outflow of foreign exchange that has a bearing on exchange rate. During the period, private transfer receipts, mainly remittances by Indians employed overseas, at USD 16.1 billion went up 5.3 per cent over the same quarter of
 "CAD goes up sharply to 2.4% of GDP in Q1 on widening trade gap")
Germany's Scholz calls Israel to slam Palestinian prez's Holocaust comments
The German Foreign Office told the newspaper they were under the impression Abbas was entitled to immunity from prosecution because he was on an "official visit" to Germany
 "Germany's Scholz calls Israel to slam Palestinian prez's Holocaust comments")
Palestinian President spurns US peace plans
In a Christmas message, Abbas said that the US has chosen to be biased and pick Israel's side
 "Palestinian President spurns US peace plans")
