India's current account deficit (CAD) declined to $23.2 billion (0.7 per cent of GDP) during 2023-24 from $67 billion (2 per cent of GDP) during the previous year due to a lower merchandise trade deficit, the RBI said on Monday.
The fall in the current account deficit (CAD) reflects a strengthening of the economic fundamentals as India closed the financial year on March 31, with an accretion of $63.7 billion to foreign exchange reserves.
Net invisibles receipt was higher during 2023-24 than a year ago, primarily on account of services and transfers.
Portfolio investment in the capital markets recorded a net inflow of $44.1 billion against an outflow of $5.2 billion a year ago.
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FEMA: DMK MP fined â¹908 crore
Former Union Minister Jagathrakshakan and his family members have been imposed a penalty of Rs 908 crore under the Foreign Exchange Management Act (FEMA).
Team inspects child care institute in Assagao following HC order
Asked to submit report on inspection by Friday
German MPs on Goa tour, visit temple at Mandur
Germany's Social Democratic Party (SPD) Member of Parliament Bengt Bergt and European Union MP Jens Geier, who are on a visit to Goa, paid a visit to the Shree Shasti Shantadurga temple at Mandur on Wednesday.
Cabinet okays grants of â¹2.5L/month to palliative care centres
Shanti Avedna Ashram, IMA Ponda centre eligible for scheme
Sea change: Fish scarcity leaves Goans high and dry
Where have the fish gone, is a familiar question that echoes at the tintos, fish markets, Goa's lone wholesale fish market, besides the fishing jetties and the fish landing points dotting along the coast.
GSPCB drops aerial survey plan for North Goa coast
EXERCISE WAS TO DEMARCATE STRUCTURES, OTHER AREAS ALONG THE COAST
Repair roads before Chaturthi or pay up: PWD to contractors
Govt to take over work if deadline missed and recover payments from erring contractors
Meeting on "Engaging with Sex Worker Rights" held
SANGRAM has conducted Hyderabad District Level Advocacy meeting on \"Engaging with Sex Worker Rights\" a sensitization meeting under the leadership of Hyderabad District Legal Service Authoriy Judge Dr Vijaya Bhaskar Reddy at Central Park on Yesterday.
No one is spared those involved in land encroachment: CM
Chief Minister A Revanth Reddy has reiterated that the Hyderabad Disaster Response and Asset Protection Agency (HYDRA) does it's job and no one is spared those involved in the encroachment of lands at buffer zones and Full Tank Level (FTL) area of water bodies.
Avesthagen & Apollo AyurVAID to market new product
Avesthagen Limited (Avesthagen) and Apollo AyurVAID, a unit of Kerala First Health Services Private Limited, an Apollo Hospitals Group Company, announced their strategic partnership to design, validate, manufacture, and market a range of breakthrough, scientifically validated medical-foods and dietary supplements, aimed at setting a new industry benchmark for quality, efficacy, and safety.
