Global rating agency Standard and Poor's, on Wednesday, cautioned that large deficit economies including India could face more economic problems in the near term.

Mumbai: After discussions between Finance Minister P. Chidambaram and FIIs and banks, the Finance Ministry on Saturday said steps to attract capital flows to fund the current account deficit can be e

 
New Delhi: Prime Minister Manmohan Singh on Saturday ruled out the possibility of India witnessing a repeat of the 1991 balance of payments crisis and also reversing the path to globalisation of th

Bengaluru: As a major contributor to exports, the IT industry has great responsibility to perform better in view of the huge Current Account Deficit facing India, Infosys chairman N R Narayana Murthy

New Delhi: Admitting the economy was going through a difficult period, Prime Minister Manmohan Singh on Friday assured the industry that government will leave no stone unturned to ensure a rebound.
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Jaipur: Ruling out complete ban on gold import, Finance Minister P Chidambaram appealed to the people to moderate their demand for the precious metal which is costing the nation USD 50 billion in for

Mumbai: The rupee fell to a record low on Monday as an emerging markets selloff after strong U.S. jobs data laid bare the currency's vulnerability and dependence on capital inflows to fund its record

Current Account Deficit (CAD) touched a record high of 4.8 per cent of GDP in 2012-13 on rising gold and oil imports, though still better than market expectation, bringing relief to the government which is struggling to arrest the sliding rupee.

 
Mumbai: India's current account deficit narrowed to 3.6 per cent of gross domestic product in the first quarter of 2013, down from a record high in the previous quarter, data showed Thursday.
 
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New Delhi: Expressing unhappiness over decline in the value of Rupee, Finance Minister P. Chidambaram on Friday said there was no need for panic and the Reserve Bank will take action when necessary.