Economix

Current account deficit (CAD) fell sharply to its lowest level in a year at $1.3 billion, or 0.2% of GDP , in the fourth quarter of 2014-15, as the trade gap narrowed on lower oil prices and robust foreign inflows.
For the full fiscal 2014-15, the CAD shrank to $27.5 billion, or 1.3% of GDP , from $32.4 billion, or 1.7% of GDP a year ago, the RBI said on Wednesday .
A key measurement of a country's trade, CAD is the amount by which the value of goods and services imported by it exceeds the value of goods and services exported in a period.
“On a quarter-on-quarter basis, CAD narrowed sharply to $1.3 billion (0.2% of GDP) ...from $8.3 billion (1.6% of GDP) in the third quarter,“ the RBI said. “The reduction was primarily on account of lower trade deficit as net earnings through services and primary income (profit, dividend and interest) witnessed a decline in quarter-on-quarter terms, though secondary income recorded a marginal increase of 0.4%.“

Indirect tax collections stood at Rs.96,128 crore during the first two months (April-May) of the current fiscal, a 39.2% increase from Rs.69,069 crore during the same period in 2014-15, a finance ministry statement said.
Central excise collections during April to May 2015 increased to Rs.38,535 crore from Rs.20,493 crore in the year-ago period, registering an increase of 88%.
Customs collections during the two months increased to Rs.29,986 crore, up 19.5% over Rs.25,094 crore during April-May 2014. Service tax collections during April-May 2015 increased to Rs.27,607 crore, up 17.6% from Rs.23,482 crore.