Government hopeful of closing trade gap in Jan-March: Anand Sharma
MUMBAI (Reuters) - The government is hopeful that exports in January will help close the trade gap, Commerce Minister Anand Sharma said on Wednesday.
Data released separately showed exports were up 0.8 percent in January while imports rose 6 percent. The trade deficit in January stood at $20 billion.
Sharma said gold imports are a matter of concern and a balanced approach is needed towards gold import duty.
(Reporting by Neha Dasgupta; Editing by Sunil Nair)
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Jan Dhan Yojana
Prime Minister Narendra Modi will promise on Thursday to provide a bank account for every Indian household when he launches a major initiative that could save billions of dollars in welfare spending and help mend strained state finances. Full Article