Moody's pegs FY21 GDP expansion at 0%; says India's rating outlook reflects rising risk of slower growth, low policy effectiveness
Moody's had, in November 2019, downgraded India's outlook to negative from stable on concerns of lower economic growth.
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Budget 2020 light on new structural reforms; govt debt will remain close to 70% of GDP throughout 2021-22: Fitch Ratings
Finance Minister Nirmala Sitharaman's Budget for 2020-21 was light on new structural reforms, Fitch Ratings said on Wednesday, adding, it has not materially altered its forecasts for India's economic growth to rise to 5.6 percent in the next fiscal from 4.6 percent in 2019-20
World Bank cuts India growth projection to 6%; says softening private consumption, weak investment policy challenges for govt
The World Bank report, which has been released ahead of the annual meeting of the World Bank with the International Monetary Fund, noted India's economic growth decelerated for the second consecutive year
From a market standpoint, sovereign bonds will mean more volatility in the markets.
Weak growth prospects for India will complicate the government's fiscal consolidation efforts, weighing on the sovereign's credit quality, Moody's Investors Service said on Tuesday
OMCs under pressure: Rising under-recoveries, thinner spreads to shave operating profit margins by 1.7% this fiscal
In fiscal 2019, the profitability of OMCs was hit as their average gross refining margin (GRM) declined by a third to $5.3 per barrel from $7.9 in fiscal 2017-18.
S&P retains BBB- rating: No Christmas gift for Narendra Modi govt, but it doesn’t need to fight with US-rater
The S&P has clearly highlighted the concerns arising out of large fiscal deficits and revenue shortage in Indian economy
The decision to upgrade the ratings is underpinned by Moody's expectation that continued progress on economic and institutional reforms will, over time, enhance India's high growth potential
The private sector has cut down on its expenditure and if the government does the same, economic growth collapses further
As per the Finance Bill 2015-16, the Central government will entrust the PDMA with the issue of government securities including short term papers.
Calls for China to accelerate financial reforms grew louder on Monday after figures showed its indebted local governments owe nearly $3 trillion in a debt build-up that some analysts called alarming.
The public debt of United States has increased to a whopping USD 17 trillion after the Congress increase the debt ceiling this week
After Spanish and Greek bailouts, the Mediterranean island nation of Cyprus became the fifth eurozone nation to seek a bailout from the European Union and IMF as the debt crisis escalated.
Given the need for shoring up our forex reserves, this may be a good time to float a sovereign bond issue. But not a sovereign wealth fund.
Slow growth, stubborn inflation, a huge CAD and a mammoth govt borrowing programme to fund a large deficit have been highlighted by several economists. S&P has just formalised these concerns.
The Indian addiction to gold is partly a reflex action to protect oneself against inflation. This is the right time to introduce inflation-indexed bonds
This was in line with expectation as the government is borrowing almost Rs 18,000 crore this week starting today.
The Union budget has to do the same rescue act for the economy as Manmohan Singh's 1991 budget. So why not borrow words from the original?