Deficit

CAG flags non-adherence to FRBM Act, lack of clarity in PD accounts

In February 2022, the government had said that the delay in implementing the amended Act was due to the State’s bifurcation and shifting of capital.

published on : 22nd September 2022

Exports rises marginally in August; trade gap more than doubles to 27.98 billion

Trade deficit in August 2021 stood at USD 11.71 billion. Imports rose by 37.28 per cent to USD 61.9 billion in August this year.

published on : 14th September 2022

CAD to widen to 5 pc in Q2, 3.5 pc in FY23, says Icra Mumbai

The trade deficit has doubled to USD 28.7 billion for August due to a 36.8 per cent expansion in imports and a 1.2 per cent decline in export earnings.

published on : 6th September 2022

India's trade deficit in August at USD 28.68 billion

In the previous month, it was at a record high of $30 billion.  Interestingly, exports  remained flat during the month, while imports increased by 37% to $67.68 billion.

published on : 4th September 2022

Fiscal deficit touches 20.5 per cent of annual target in Apr-Jul: Official data

Last year too, the government had managed to mop 34.2 per cent of its annual estimate during April-July.

published on : 31st August 2022

Rajasthan government to roll out logistics subsidy soon

For the last six months, there has been an increase in freight and shipping line charges. The entire export sector is feeling the pinch, said the Additional Chief Secretary, Department of Industries.

published on : 25th August 2022

Exports likely to be around USD 470-480 bn in FY23: Commerce Secretary

Talking to reporters, Subrahmanyam said the merchandise trade during 2022-23 will be USD 470-480 billion and the services sector is likely to contribute another 280 billion.

published on : 24th August 2022

August left high and dry with rain deficit of 83 per cent

This August has seen a major rainfall deficit with not a single heavy spell of rain occurring so far with just 10 days left for the month to end.

published on : 21st August 2022

Pakistan's trade deficit with neighbouring countries swells

The government has allowed maximum imports from Afghanistan in the rupee on a land route in the post-Taliban regime period. The figures did not reflect those imports made in rupees.

published on : 9th August 2022

Inflation-adjusted GST revenue up 26% in FY23, says SBI chief economist

On the concern over the ballooning trade deficit, Gosh said that the trade deficit comes at 8.5% of its GDP projections for FY23, much lower than the peak deficit of 10.7% of GDP achieved in FY13.

published on : 5th August 2022

Rupee tanks 62 paise to close below 79 mark; trade deficit, rate hike fears dent sentiment

On Tuesday, the rupee rallied 53 paise, its best single-day gain in over 11 months, to close at an over one-month high of 78.53 against the US dollar.

published on : 4th August 2022

Argentina's economy minister vows to respect IMF deficit deal at 2.5 per cent 

Speaking at a press conference after being officially presented by President Alberto Fernandez in his new job, Massa described inflation as the "biggest poverty factory" in the country.

published on : 4th August 2022

India’s trade deficit widens to $31 billion in July

The trade deficit in the same month last year (2021) stood at $10.63 billion. In the April-July 2022 period, the trade deficit crossed $100 billion, almost 2.5 times the trade deficit in the same peri

published on : 3rd August 2022

Silly to compare Sri Lanka's economic situation with India:  Former NITI Aayog Vice-Chairman

The eminent economist was asked to comment on  Rahul Gandhi's statement hiting out at the Modi government over rising inflation and unemployment and said India looks a "lot like Sri Lanka".

published on : 31st July 2022

57% jump on infrastructure spending as Centre uses Rs 1.75 lakh crore in April-June

Capex in the first quarter was Rs 1.75 lakh crore compared to Rs 1.11 lakh crore in the same quarter the previous fiscal

published on : 30th July 2022

Rupee faces risk of further decline to 82 vs USD in near term: Experts

The US Fed in its July 26-27 meeting may increase the interest rate by 50-75 basis points, which could result in flight of capital from emerging nations like India.

published on : 24th July 2022

Digital amnesia: Technological boom, a mere doom for your memory 

Digital amnesia is creating barriers in the way people think, recall and remember  

published on : 17th July 2022

Rupee on brink of 80 against US dollar; here's what caused it

India's current account deficit is expected to deteriorate in 2022-23 if recession concerns do not lead to a sustained and meaningful reduction in the prices of food and energy commodities, reports.

published on : 15th July 2022

Odisha's rainfall deficit at just one per cent now

The weather experts attributed the increase in rainfall activity in the State to the two back to back low pressure areas on July 4 and 9.

published on : 15th July 2022

Rupee value breaches 80 level against USD on offshore market 

The currency unit pared some of its losses to close at 79.88 to the dollar. Forex market analysts like KN Dey of United Financial Consultants expect it to weaken further.

published on : 15th July 2022
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