![]() ![]() In percentage terms, the CAD for the first three quarters of 2022-23 is 2.7 percent of GDP as against 1.1 percent in April-December 2021. "Based on this, we project the FY23 CAD at $77-80 billion (2.3 percent of GDP), which is quite contained as compared to the levels that were being feared in mid 2022," Nayar added.įor April-December 2022, the current account deficit was $67.0 billion compared to $25.3 billion in April-December 2021. "With a considerable compression in the average trade deficit in January-February relative to the previous three months, we expect the size of the CAD to recede further to around $10-12 billion in Q4 FY2023," noted Aditi Nayar, ICRA's chief economist. The RBI noted that the services boom was on the back of rising exports of software, business, and travel services. While India's merchandise trade deficit narrowed sequentially last quarter - although it remained sharply higher compared to the year-ago period - the surplus from India's services trade jumped to $38.7 billion from $27.8 billion in October-December 2021, with services exports posting a growth of nearly 25 percent. The price of India's crude oil basket fell to $85.8 per barrel in October-December from $97.9 per barrel the previous quarter, data from the government's Petroleum Planning & Analysis Cell (PPAC) showed.Ĭrude oil prices are a key consideration for India's current account deficit as India is a huge importer of crude oil. "Underlying the lower current account deficit in Q3:2022-23 was a narrowing of merchandise trade deficit to $72.7 billion from $78.3 billion in Q2:2022-23, coupled with robust services and private transfer receipts," the RBI said in a statement. The provisional estimate of $36.4 billion for July-September's CAD - which was an all-time high for a quarter - has been revised downwards significantly "due to downward adjustment in Customs data", the RBI said. “That animal and human diseases can be caused by plant pathogens is a new concept that raises serious questions regarding the propensity of such infection to occur in healthy as well as immunocompromised individuals,” the doctors said.India's current account deficit (CAD) dropped sharply to $18.2 billion in the October-December period, data released on March 31 by the Reserve Bank of India (RBI) showed.Īt $18.2 billion, CAD for the last quarter of 2022 is sharply lower than July-September's revised figure of $30.9 billion. People will a compromised immunity are most susceptible to fungal infections but healthy individuals are also frequently reported to have fungal infection. And this application is powered by India’s no. If you are an investor, trader, professional or just interested in business, economy and financial markets, you will find this to be an invaluable tool. Fungi also tend to only impact people who are immunocompromised. for Windows 8 is your gateway to all critical real-time information about Indian and global markets. Silver leaf disease is progressive and often fatal, doctors said in the report. The disease is named so because of the progressive silvering of leaves on affected branches. After multiple tests, the sample was sent to the “WHO collaborating Centre for Reference & Research on Fungi of Medical importance” where it identified as Chondrostereum purpureum.Īfter the pus was completely drained out, the patient was put on oral medicines for two months, After two years of follow-up, he was “absolutely fine and there is no evidence of recurrence”, doctors said in their report.Ĭhondrostereum purpureum is a plant fungus causing silver leaf disease of plants, particularly of the rose family. While his chest X-ray showed a normal result, a CT scan of his neck showed the presence of a right paratracheal abscess.ĭoctors drained out the pus and sent the pus sample for further tests. The patient, a plant mycologist by profession, was working with decaying material, mushrooms and various plant fungi for a long time as part of his research activities, doctors said. Indias current account deficit (CAD) dropped sharply to 18.2 billion in the October-December period, data released on March 31 by the Reserve Bank of India (RBI) showed. ![]() He had no history of diabetes, HIV infection, renal or any chronic disease, immunosuppressive drug intake, or trauma. The doctors said this demonstrates the crossover of plant pathogen into humans when working in close contact with plant fungi.Ī 61-year-old man visited the outpatient department of Consultant Apollo Multispeciality Hospitals in Kolkata with complaints of hoarseness of voice, cough, recurrent pharyngitis, fatigue, difficulty in swallowing and anorexia for three months, said doctors in the journal Medical Mycology Case Reports. A man in Kolkata caught a disease caused by a plant fungus, in what doctors believe is the first case of human infection by the microorganism. ![]()
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