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Sunday, September 29, 2024
TopicCurrent Account Deficit

Topic: Current Account Deficit

Palm oil producers hope India’s Diwali buying will boost their fortunes

With production in top growers climbing & prices hovering near 3-year lows, last chance to arrest palm oil’s decline is Indian demand ahead of Diwali.

Pakistan to seek IMF bailout as forex reserves fall dangerously

Pakistan’s forex reserves have plunged 40% in 2018 to lowest in almost 4 years. It’s running twin current-account and budget deficits of more than 5% of GDP.

Duty on 19 items increased: Back to License-Raj era or essential to cut down import bill?

The government has hiked import duty on 19 items, including washing machines, air conditioners, footwear, diamonds, jet fuel, as part of its plan to...

Rupee rout prompts Modi govt to raise customs duties on $12 billion of goods

The taxes on 19 items will be effective Thursday as Modi govt seeks to narrow the current-account deficit and support the rupee.

Modi govt wants RBI to step up efforts to support falling rupee

Government officials communicated last week with RBI on the need to intervene more aggressively in the market to support the rupee.

8 percent Indian bond yield is not enough to meet the demand-supply mismatch, flags pimco

Due to risks from higher oil prices, rising debt supply and a weakening currency, Pacific Investment Management Co. and Schroder Investment Management Ltd. are wary of adding to holdings in Asia’s highest-yielding major market.

India’s oil import addiction is the slick to the economy

The country’s reliance on monsoon and oil prices equals a not so sunny current account deficit.

Pearls imports fine print hint at capital flight from India

Trade deficit widened by $1.7 billion in March with jewelry and stones driving a large part of the increase.

With US-China trade war heating up, the sorry state of India’s exports may worsen

World Bank report expresses concern over falling exports; elevated exchange rate, capital crunch due to GST, among others, seen as major causes.

On Camera

Hassan Nasrallah’s assassination underlines Israel’s military supremacy. Will it win peace?

Israeli Prime Minister Benjamin Netanyahu has no intention of being drawn into another attritional war with Hezbollah. His commanders they are unlikely to win.

10 yrs ago, battery leasing failed to boost demand for EV cars in India. Now, it’s making a comeback

Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?