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INVISIBLE RECEIPTS INDIA
India’s external financial health improves marginally in Q1 FY27 amid global headwindsIndia’s external financial position improved marginally in Q1 FY27, RBI data showed. External debt rose $15.4 billion to $778.2 billion, wh...- Akur-chi-bhaji and the Ancient Mysteries of FernsIn Goa, boundary walls bloom with ferns that eagerly absorb the monsoon rains. These ancient plants have a unique reproductive process thro...
- AI-led underwriting is the missing link in India’s MSME credit storyIndia’s MSME credit gap sits at Rs 25-30 lakh crore. Of the 87 million registered MSMEs, only 36 million have ever taken a formal loan.
- Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...
- India's current account deficit to stand at 1.8% of GDP for FY27: ICICI Bank Global Market ReportIndia is expected to see a current account deficit of 1.8 per cent of GDP in FY27 as against around 2 per cent projected earlier. This adju...
- Services, remittances boost India's invisible inflows to $464 billion in FY26Receipts from the services sector, which accounted for two-third of the total, climbed about 9% to $310 billion, data showed. These are kno...
- India's invisible receipts grow 56% to $464.189 billion in April-Dec periodIndia's inward receipts from international trade in services, incomes, and remittances surged by 56% to $464.189 billion in the first nine ...
- India's FY24 CAD reduces to 0.7% of GDP from 2% in FY23, records surplus of 0.6% in Q4India's current account deficit improved significantly to 0.7% of GDP, or $23.2 billion in FY24, down from 2% of GDP, or $67 billion the pr...
- India's current account deficit narrows to 1 per cent of GDP at $ 8.3 bn in Q2 FY24India's current account deficit (CAD) for the July-September quarter of fiscal 2023-24 narrowed to $8.3 billion, constituting 1% of the GDP...
- Let the money roll right inIndia should push for more worker visas with developed economies to help inward remittances grow.
- India records current account deficit (CAD) of 1.2% in FY22The current account deficit (CAD) for India in the fiscal year 2021-22 has come in at 1.2%. The deficit in the fourth quarter moderated to ...
- Current account surplus for first time in 17 years in FY21; slips in deficit in Q4'21The current account balance- comprising net of India's export of goods and services- recorded a surplus of 0.9 per cent of GDP in 2020-21 a...
- India reports current account surplus of 0.9% in pandemic-affected FY21The country's current account deficit widened to USD 8.1 billion or 1 per cent of GDP for the March quarter, as against a surplus of USD 0....
- India’s receipts from invisible services down 4% in December quarterInvisibles refer to payments and receipts resulting from international trade in ‘invisible’ services rather than ‘visible’ goods.
- India's receipt from trade invisibles at $59 billion in July-SeptemberIndia's receipt from trade invisibles increased marginally to $59.74 billion in July-September quarter of current fiscal.
- India's receipts from invisibles spurt 1.87 per centIndia's receipts from invisibles grew 1.87 per cent to $58.55 billion for the June quarter while payments edged down 0.7 per cent to $30.53...
- Record BoP surplus yr ago turns $17.8 billion deficit in Q3The deepening of the financial crisis has taken its toll on the country’s external sector balance-sheet .
- Current, capital accounts display wider deficitsThe deepening of the financial crisis has taken its toll on the country’s external sector balance-sheet.
- Country's current a/c deficit at 1.5 pc of GDP in 2007-08: RBIA high import bill has turned India's current account balance into deficit of $1.04 billion in the fourth quarter of 2007-08 against $4.25 ...
- High non-oil import pushes trade deficit in Q1 to $21.6 bnThe report pointed out that during Q1, the country paid less for each barrel of imported crude oil as the average Indian basket of crude oi...
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