Modi said a separate rating agency would help the economies of the member countries as well as other developing nations.
Israel and the United States had a plan. Iran punched back. And now the Gulf is reeling, the world is beginning to feel the pain and, as on date, no one in Washington or Tel Aviv appears willing to admit that the punch has landed, notes Prem Panicker, continuing his must-read blog on the war in the Middle East.
Rating agency says the country may lose its investment-grade status on growth concerns; finance ministry begs to differ
The government is "extremely disappointed" with the latest report of the Moody's rating agency on India's economic outlook. The report, a senior government official said, was highly contradictory and called the rating agency's credibility into question. Referring to the Moody's statement that "India's fiscal strength remains a key weakness in the sovereign credit profile...", the official remarked: "How can my strength be my weakness? Moreover, they are unwilling to have a like-to-like comparison with India."
PM stressed that 'response to terrorism must be nothing less than comprehensive'.
India has pitched for a sovereign credit rating upgrade with Fitch Ratings, after announcing its budget last month.
The prime minister also said that country nurtures a mindset that loudly proclaims that terrorism is justified for political gains.
China continues to hold out on fingering Pakistan as the 'mothership of terror,' declaring Masood Azhar a terrorist at the UN, and India's membership of the NSG, says China expert Srikanth Kondapalli.
India is expected to grow at 7.8 per cent in 2015, surpassing China's growth rate.
Flush with liquidity, banks are eager to lend. And, therein lies the problem, warns Tamal Bandyopadhyay.
Most respondents understand inflation, but very few understand risk diversification, says the ratings agency in its Global Financial Literacy Survey
Will demonetisation lead to a rate cut, leading to higher quantum of lending?
President Xi said that the Chinese side is ready to work with the Indian side to carry forward the fresh impetus of bilateral relations.
Clearly, LoCs are becoming a key arrow in India's economic diplomacy quiver.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
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