• About Us
  • Feedback
  • RSS Feed
  • Privacy Policy
  • Disclaimer
  • Sitemap
Odisha News, Odisha Breaking News, Odisha Latest News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News
Home Nation

CAD May Continue To Widen, Put Pressure On Fiscal Deficit: Congress

OMMCOM NEWSbyOMMCOM NEWS
January 31, 2023
in Nation
congress

New Delhi:  The Congress on Tuesday said the Economic Survey cautions about the challenge of the depreciating rupee persisting with the likelihood of further increases in policy rates by the US Fed.

“Global commodity prices remain elevated, Current Account Deficit (CAD) may continue to widen. Rupee may come under pressure in FY 24, if CAD widens, and there might be more pressure on fiscal deficit in FY 24,” party spokesperson Gourav Vallabh said.

“As per Economic Survey 2023, the nominal GDP growth is projected at 11 per cent for FY 24. With this nominal GDP, for FY 24, our Gross Tax Revenue growth will be expected to be around 8-8.5 per cent compared with 15.5 per cent in FY 23.

“This dip in the Gross Tax Revenue growth rate will put further pressure on the fiscal deficit for FY 24,” he added.

“Reduction of $36/bbl ($116 to $80) in crude oil prices (Indian Basket) in last 6 months. But no benefit to final consumers. As a result, 6.8 per cent inflation this FY (22-23), which is outside RBI’s upper limit of 6 per cent,” the Congress leader said.

He also noted that India’s Human Development Index ranking in 2021 was 132/191 countries – against 130 in 2020 – and its score was 14 per cent lower than the global average.

(IANS)

Tags: Congress
Previous Post

Delhi HC Directs Authorities To Expand Implementation Of PLVs At Police Stations Scheme

Next Post

Three Killed In Truck-Bike Collision In Jharsuguda

Related Posts

Manish Sisodia
Nation

Excise Policy Scam: Sisodia’s Bail Plea In CBI Case Dismissed

March 31, 2023
Rahul Gandhi
Nation

Rahul Gandhi’s Rally In Kolar Postponed To April 9

March 31, 2023
Passenger Motor
Nation

Date For Mandatory Fitness Testing Through Automated Stations Extended To Oct 1, 2024

March 31, 2023
Nation

Ram Navami Clashes: Bengal Guv Summons Chief Secy After Call From Shah

March 31, 2023
Indore Temple Tragedy
Nation

Indore Temple Tragedy: Death Toll Rises To 36, Youngest Victim 2 Yr-Old Boy

March 31, 2023
BJP MLA
Nation

Tripura: Oppn Seeks Action After BJP MLA Caught Watching Obscene Video On Phone

March 31, 2023
OMC

Related Posts

Manish Sisodia
Nation

Excise Policy Scam: Sisodia’s Bail Plea In CBI Case Dismissed

March 31, 2023
Rahul Gandhi
Nation

Rahul Gandhi’s Rally In Kolar Postponed To April 9

March 31, 2023
Passenger Motor
Nation

Date For Mandatory Fitness Testing Through Automated Stations Extended To Oct 1, 2024

March 31, 2023
Nation

Ram Navami Clashes: Bengal Guv Summons Chief Secy After Call From Shah

March 31, 2023
Indore Temple Tragedy
Nation

Indore Temple Tragedy: Death Toll Rises To 36, Youngest Victim 2 Yr-Old Boy

March 31, 2023
BJP MLA
Nation

Tripura: Oppn Seeks Action After BJP MLA Caught Watching Obscene Video On Phone

March 31, 2023
Next Post

Three Killed In Truck-Bike Collision In Jharsuguda

Muslim Women Can Approach Only Family Courts For Divorce: Madras HC

CBI

Himachal Police Paper Leak Case: CBI Raids 50 Locations In 7 States

  • About Us
  • Feedback
  • RSS Feed
  • Privacy Policy
  • Disclaimer
  • Sitemap

© 2022 - Ommcom News. All Rights Reserved.

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2022 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist