India Ratings And Research

Tracking India’s economic slowdown: Why Narendra Modi govt shouldn’t delay fiscal stimulus to revive struggling industries

Industry captains are marching to the North Block making their case for an urgent fiscal stimulus. Big and small companies are announcing job cuts one by one.

GST collections for March at a record Rs 1.06 lakh crore, fails to meet govt target for fiscal year

GST collections in March indicate that the revenue growth has been picking up despite various rate rationalisation measures

Govt breaching 3.3% fiscal deficit target no big deal, but then why do we need FRBM Act that no one is serious about?

The government had estimated a fiscal deficit of Rs 6.24 lakh crore, or 3.3 percent of the GDP, for the current fiscal. But, for April-November itself, deficit stood at Rs 7.16 lakh crore, or 114.8 percent of the target.

Banks need at least $2.8 billion extra provisioning for bankruptcy cases: India Ratings

The Reserve Bank of India (RBI) last month asked creditor banks to begin insolvency proceedings against 12 of the country's biggest loan defaulters

New series WPI, IIP reflective of market realities, says India Inc

The consumer price index (CPI) based retail inflation for March 2017 was revised slightly upwards to 3.89 percent, from 3.81 percent recorded previously.

Demonetisation: Why the fate of Narendra Modi’s grand Indian currency show rests with the taxman

The GDP forecasts post the note ban deepens the worry. On Thursday, India ratings said that de-legalisation of currency notes will erase about Rs 1.5 lakh crore from fiscal year 2017 GDP and the growth is likely to fall to a 3-year low.

Demonetisation made Arun Jaitley's budget task a trial by fire

The consequences of demonetisation so far has been disastrous.