Gold imports tick up 10.47% to $2.42 billion in May

Last Updated: Tuesday, June 16, 2015, 14:03

Gold imports grew 10.47 percent to USD 2.42 billion in May on declining prices and easing of restrictions by RBI.

Trade deficit narrows to 3-month low

Last Updated: Tuesday, June 16, 2015, 13:58

India's trade deficit narrowed to a three-month low in May, helped by lower gold imports, bolstering the outlook for its current account balance.

Exports dip 20.19% in May; down 6th month in a row

Last Updated: Tuesday, June 16, 2015, 11:44

Trade deficit narrowed to a three month low of USD 10.4 billion in the month under review compared with USD 11.23 billion in May 2014, according to data released by the commerce ministry.

Trade deficit narrows to $10.4 billion in May

Last Updated: Tuesday, June 16, 2015, 11:06

The country's gold imports were however increased by 10.4 percent to $2.42 billion in May this year.

We inherited derailed passenger train: Jayant Sinha on economy

Last Updated: Saturday, June 13, 2015, 21:38

Jayant Sinha also expressed confidence that the Indian economy would continue to grow at 7-9 percent and double in size to USD 4-5 trillion in a decade.

India committed to improve trade relation with China: VK Singh

Last Updated: Saturday, June 13, 2015, 19:56

India on Saturday said it is committed to improve trade relation with China as it would be mutually beneficial and help further the 'Make In India' initiative that provides a golden opportunity for Chinese investors.

Imbalanced trade not in India, China's interest: V K Singh

Last Updated: Thursday, June 11, 2015, 20:24

India Thursday said "imbalanced" trade with China leading to a yawning USD 47 billion trade deficit needs to be "pro-actively" addressed through improved market access for Indian products with competitive advantage like those in IT and agro.

Australia unemployment rate drops to 6.0 percent

Last Updated: Thursday, June 11, 2015, 13:48

The Australian economy has struggled to fill the gap left by the end of the boom in mining investment, which has helped it avoid a recession for more than two decades.

Current account deficit shrinks to 1-year low at 0.2%

Last Updated: Wednesday, June 10, 2015, 19:45

Current Account Deficit (CAD) fell sharply to its lowest level in a year at USD 1.3 billion or 0.2 percent of GDP in the fourth quarter of 2014-15, as trade gap narrowed on lower oil prices and robust foreign inflows.

Qatar faces first budget deficit in 15 years

Last Updated: Wednesday, June 10, 2015, 13:31

Qatar could run its first budget deficit in 15 years in 2016, official government figures have predicted.

Weak monsoon to be credit negative for India: Moody's

Last Updated: Monday, June 8, 2015, 17:33

A weak monsoon is likely to be credit negative for India as it is expected to push up food inflation as well as government deficits, global rating agency Moody's said Monday.