Tag: current account deficit

Railways launches 20% rebate on return tickets to ease Diwali-Chhath festival rush

Business
NEW DELHI: In a bid to manage the heavy rush during the Diwali and Chhath festival season, railways has introduced a new experimental scheme “Round Trip Package”, offering a 20% rebate on the...

SEBI proposes measures to expand resident Indian participation in FPIs

Stocks
In an attempt to facilitate greater participation from resident Indians in the foreign portfolio investment landscape, the Securities and Exchange Board of India (SEBI) has released a consultation paper outlining several key proposals aimed at...

India has 4th largest foreign exchange reserve; can take care of imports for 11 months: FM Nirmala Sitharaman

Economy
India is the fourth largest country to hold foreign exchange reserves of USD 658.8 billion, enough to meet the country's imports for 11...

Indian economy well placed to handle any kind of spillovers from global events: RBI Guv

Economy
Kochi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the Indian economy and financial sector are well placed to...

RBI unlikely to go for immediate rate cut, despite inflation likely to cool: Ind-Ra

Economy
In a cautious outlook for the upcoming fiscal year, India Ratings and Research (Ind-Ra) projects a decline in inflation for FY25, yet it...

CAD widens marginally on widening trade deficit

Economy
India's current account deficit widened marginally to 1.1 percent of GDP in the June quarter compared to 1 percent of GDP in the...

India growth forecast: ADB retains India’s growth forecast at 7%; govt spending, agriculture to boost economy

Economy
The Asian Development Bank (ADB) on Wednesday retained India's growth forecast for the current fiscal at 7 per cent and said that the...

Rare balancing act: How RBI chief Shaktikanta Das tamed volatile rupee with $689 billion in reserves

Business
Reserve Bank of India chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee while allowing...

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