https://www.taxtmi.com/news?id=1435 India's BoP for Q2 and H1 of 2010-11 shows a widened current account deficit caused by a larger merchandise trade deficit and a lower net invisibles surplus, while a stronger capital account-driven by portfolio inflows, short term trade credits and external commercial borrowings amid moderated FDI-more than offset the current account shortfall, producing a positive overall BoP balance and net reserve accretion on a BoP basis, though reserve gains were smaller than the prior year due to the larger current account deficit. en-us Wed, 05 Jan 2011 19:00:26 +0530 Wed, 05 Jan 2011 19:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1435 India's BoP for Q2 and H1 of 2010-11 shows a widened current account deficit caused by a larger merchandise trade deficit and a lower net invisibles surplus, while a stronger capital account-driven by portfolio inflows, short term trade credits and external commercial borrowings amid moderated FDI-more than offset the current account shortfall, producing a positive overall BoP balance and net reserve accretion on a BoP basis, though reserve gains were smaller than the prior year due to the larger current account deficit. News - Wed, 05 Jan 2011 19:00:26 +0530 https://www.taxtmi.com/news?id=1435