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...
23 Jul, 2026, 03.33 PM IST
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...
10 Jun, 2026, 01.18 PM IST
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...
31 Mar, 2026, 08.13 PM IST
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 ...
30 Mar, 2026, 09.05 PM IST
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...
24 Jun, 2024, 05.29 PM IST
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...
26 Dec, 2023, 06.02 PM IST
Let the money roll right inIndia should push for more worker visas with developed economies to help inward remittances grow.
01 Dec, 2022, 11.10 PM IST
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 ...
22 Jun, 2022, 08.39 PM IST
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...
30 Jun, 2021, 08.19 PM IST
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....
30 Jun, 2021, 06.34 PM IST
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.
18 May, 2016, 02.17 AM IST
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.
08 Feb, 2016, 11.07 PM IST
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...
09 Oct, 2015, 10.33 PM IST
- Record BoP surplus yr ago turns $17.8 billion deficit in Q3
The deepening of the financial crisis has taken its toll on the country’s external sector balance-sheet .
01 Apr, 2009, 09.13 AM IST
- Current, capital accounts display wider deficits
The deepening of the financial crisis has taken its toll on the country’s external sector balance-sheet.
01 Apr, 2009, 01.11 AM IST
- Country's current a/c deficit at 1.5 pc of GDP in 2007-08: RBI
A 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 ...
30 Jun, 2008, 09.38 PM IST
- High non-oil import pushes trade deficit in Q1 to $21.6 bn
The 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...
28 Sep, 2007, 09.10 PM IST