Live
- BJP MP candidate Bharat Prasad visited the student who tried to commit suicide
- PM’s popularity in the fast lane: Autos with 'Har Dil Mein Modi' slogan spotted across Delhi
- Delhi-based political parties are like East India Company: Sukhbir Badal
- Golf: Diksha moves into Top-20 at South African Women’s Open
- KCR lashes out against BJP and Congress for destroying Telangana
- Dairy Science students visited the Milk cooling plant
- Moody feels Pant ahead in keepers’ race for T20 WC squad; Srikkanth picks Rahul over Samson as reserve keeper
- Thanking voters for extending 'unparalleled support' to NDA, PM Modi says second phase 'too good'
- Natural Relief for Menstrual Cramps: Beetroot Juice Recipe
- Asha Worker died in a road accident
CAD to be around 1.5 per cent of GDP this fiscal: RBI
RBI Deputy Governor Urjit Patel said the central bank expects Current Account Deficit (CAD) around 1.5 per cent of GDP in the current fiscal. \"This year, our current account deficit would be in the region of 1.5 per cent of GDP,\" he said at an event organised by Ficci here. For the first quarter ended June, CAD narrowed to 1.2 per cent of GDP at USD 6.2 billion following contraction in trade deficit and higher earnings from services exports.
RBI Deputy Governor Urjit Patel said the central bank expects Current Account Deficit (CAD) around 1.5 per cent of GDP in the current fiscal. "This year, our current account deficit would be in the region of 1.5 per cent of GDP," he said at an event organised by Ficci here. For the first quarter ended June, CAD narrowed to 1.2 per cent of GDP at USD 6.2 billion following contraction in trade deficit and higher earnings from services exports.
He noted that higher cost of restructuring pushes the cost of capital and RBI is trying to address this issue. "The higher the cost of restructuring, the higher the cost of debt workout, the more it builds in the cost of capital From the side of the lender, and this is something we are in middle of addressing," he said.
