DAILY GK UPDATE - 25TH OCT !

1. HSBC lowers India’s CAD forecast for FY’14 to 3.4%i. Global financial services major HSBC today lowered India’s current account deficit (CAD) forecast for this financial year to 3.4 per cent of GDP from 4.1 per cent earlier.ii. HSBC said the country’s CAD is at an unsustainable level, and expected to gradually decline in the coming years and in 2014-15, it is likely to be at 3.2 per cent of