{LONGTERMINVESTORS} Economy snippets ² India’s current account deficit (CAD) narrowed to $8.2bn (1.6% of GDP) in 2QFY16 from $10.9bn (2.2% of GDP) in 2QFY15. However, CAD widened when compared to $6.2bn (1.2% of GDP) in 1QFY16. (ET) ² Domestic production of crude oil and natural gas fell sharply on YoY basis in the month of November as compared to the same month last year. While crude oil production in the month was 3.3% lower, natural gas production was 3.92% lower. The quantum of fall is the highest for both crude oil and natural gas, in the April-November 2015 period. (BL) ² Tamil Nadu asked the Centre to allocate Rs259bn to take up relief and restoration efforts due to the rain and flood damage. (BS)

Economy snippets

 

²  India's current account deficit (CAD) narrowed to $8.2bn (1.6% of GDP) in 2QFY16 from $10.9bn (2.2% of GDP) in 2QFY15. However, CAD widened when compared to $6.2bn (1.2% of GDP) in 1QFY16. (ET)

 

²  Domestic production of crude oil and natural gas fell sharply on YoY basis in the month of November as compared to the same month last year. While crude oil production in the month was 3.3% lower, natural gas production was 3.92% lower. The quantum of fall is the highest for both crude oil and natural gas, in the April-November 2015 period. (BL)

 

²  Tamil Nadu asked the Centre to allocate Rs259bn to take up relief and restoration efforts due to the rain and flood damage. (BS)

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