India has been assigned the lowest investment grade rating with a high risk profile by various global agencies.
Monsoon is likely to be below normal in the current year at 93%.
Moody's has a 'positive' outlook on its 'Baa3' rating on India.
2nd time within a few days RIL has hit the forex debt market.
Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the back of policy initiatives.
The revision was announced before Indian markets opened on Thursday.
The state-owned bank's loss largely offsets the Rs 1,800-crore (Rs 18-billion) capital injection the government will make in FY14.
Moody's assigns a 'Baa3' rating on India, with a stable outlook.
The senior Congress leader also said over 90 per cent of jobs are in the SME sector which requires an urgent push to boost the economy.
The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook
Moody's rates India's outlook at stable.
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The budget has strong growth impulses and response of the economy is positive.
The economy is projected to clock 7.4 per cent growth.
Jaitley's fiscal arithmetic, Crisil said, is "shaky", and the scope for fiscal slippage "remains high".
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Total fuel subsidies accounted for less than 1 per cent of GDP and under 3 per cent of total government expenditures in FY14.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
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The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
A strong showing will be vital to Narendra Modi's chances of a second term.
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
This is the lowest investment grade rating.
In first half of year, firms raise more than banks on low US treasury rates.
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It also painted a grim possibility of any major gains in the rupee during the current fiscal saying that the continuing global volatility, and domestic political uncertainty ahead of the 2014 hustings will limit chances of any significant appreciation apart from further impact growth.
Veteran Telugu film producer Dr Daggubbati Ramanaidu passed away into the ages on February 18. In an interview he had granted Rediff.com in September 2010, he tells us how he started making movies.
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