Merchandise trade deficit widens to 7-month-high in May at $23.78 bn
The deficit was driven largely by a surge in imports. The merchandise trade deficit stood at $23.78 billion in May, up from $19.1 billion in April and $22.53 billion a year ago.
The deficit was driven largely by a surge in imports. The merchandise trade deficit stood at $23.78 billion in May, up from $19.1 billion in April and $22.53 billion a year ago.
India's current account deficit narrowed sharply in the January-March 2023 quarter, RBI data showed on Tuesday, attributable to a moderation in the trade deficit and robust services exports.
The Finance Commission had recommended a total Post Devolution Revenue Deficit Grant of Rs. 86,201 crore to 14 states for the financial year 2022-23.
Finance minister also announced the implementation of an urban wage employment scheme, on a pilot basis, to provide gainful employment to urban poor
The release of the CBO analysis was one of the key steps remaining before the Senate votes on the bill.
