Rs 90, 000 cr package to provide only temporary relief to discoms but not long-term stability: India Ratings
The Rs 90,000 crore package would provide only a temporary relief to power distribution companies but not long-term stability, India Ratings and Research (Ind-Ra) said on Tuesday
COVID-19 Impact: Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings
While bad loans from the corporate sector may rise by Rs 3.4 lakh crore, for non-corporate segments it may increase by Rs 2.1 lakh crore in FY21, India Ratings and Research said in the report
Coronavirus Outbreak: CRISIL cuts India's GDP growth forecast by half to 1.8% for FY21; projects Rs 10 lakh cr loss due to covid-19
Domestic rating agency CRISIL on Monday nearly halved its GDP forecast for India to 1.8 percent for 2020-21 while projecting total losses of Rs 10 lakh crore or Rs 7,000 per person due to "disastrous" lockdowns to control COVID-19 pandemic
India Ratings and Research (Ind-Ra) on Monday revised its FY21 economic growth forecast for the country further down to 1.9 percent, lowest in the last 29 years, citing the COVID-19 pandemic and the subsequent lockdown
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 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.
The Reserve Bank of India (RBI) last month asked creditor banks to begin insolvency proceedings against 12 of the country's biggest loan defaulters
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.
The consequences of demonetisation so far has been disastrous.
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.