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India becoming a drag on global economy? IMF says yes

The IMF cut its estimate citing a sharper-than-expected slowdown in local demand and stress in NBFC sector.

current account deficit

Jan 20, 2020, 08.32 PM IST

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CURRENT ACCOUNT DEFICIT

Trade deficit checks: Curbs on duty-free cigarettes, liquor proposed

While the government doesn’t maintain data on imports coming through the duty-free channel, liquor, cigarettes, chocolates and perfumes are the biggest purchases at Indian airport stores. “While there is no trafficking of these products at present, controls on duty free goods will lead to smuggling,” said an expert on condition of anonymity.

What is a current account?

Apart from a savings bank account, one can also open a current account with a bank. This account usually caters to...

What is deficit financing?

For developing countries like India, higher economic growth is a priority. A higher economic growth requires finan...

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