"It's a welcome development, but we also feel it was long overdue... It's a recognition of the actions that the government has undertaken like GST, bankruptcy. We also need to keep all these things in perspective," Chief Economic Adviser Arvind Subramanian said.
Former Australia cricketer Tom Moody feels India should have given a chance to in-form batsman Shubman Gill ahead of Prithvi Shaw in the opening day-night Test against Australia in Adelaide.
Moody's expects the new government to increase the retail selling prices of controlled fuel products -- kerosene and liquefied petroleum gas -- to help control its subsidy burden.
Moody is expected to agree a two-year contract to lead the team to the 2007 World Cup.
The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's decision makers. Naturally, at the sign of a new crisis, the decision makers like to dip into those tumultuous decades to find ways to deal with the new shock, in addition, of course, to expert reports and forecasts. So, the industry bigwigs turned the pages of history to get a peek into the future of oil price movements after Russia invaded Ukraine in 2022, Israel attacked Gaza in 2023, Iran-linked Houthi rebels pounded tankers crossing the Red Sea in support of Palestine the same year, and Iran rained missiles on Israel in 2024.
India will find it tough to meet its fiscal deficit target for the new year starting in April, given its plans to cut taxes and step up spending on infrastructure, Moody's Investors Service said.
Central banks in India, China and South Korea are closely monitoring the emerging inflationary pressures on their economies and hikes in interest rates could be expected across the Asia-Pacific region after Australia raised key interest rates.
The imports may recover faster, thnaks to a strong demand. "As global prospects are now improving, especially with the US economic contraction easing, India's exports may begin to recover later in the year," Moody's said in a statement.
Rangarajan said that growth has many dimensions to it.
After declining for 10 consecutive weeks, Inflation, based on wholesale prices, rose by 0.36 percentage points for the week-ended January 10, from 5.24 per cent for January 3.
The Indian economy grew by 4.7 per cent in the April-June quarter last year and the growth rate was also 4.7 per cent for full 2013-14.
The agency noted that the reviews of these banks' sub-debt ratings were not indication of any change in the affected banks' fundamental credit quality.
High fiscal deficit and debt ratios remain one of the biggest constraints.
The RBI has lowered interest rates by 1.25 per cent since January.
The Indian Premier League's Hyderabad franchise, now called 'Sunrisers', have appointed former Australia cricketer Tom Moody as the team's new coach, and former India cricketers Krishnamachari Srikkanth and VVS Laxman mentors.
The Indian Premier League's Hyderabad franchise, now called 'Sunrisers', have appointed former Australia cricketer Tom Moody as the team's new coach, and former India cricketers Krishnamachari Srikkanth and VVS Laxman mentors.
"Fitch Ratings has placed Punjab National Bank's (PNB) Viability Rating of 'bb' on Rating Watch Negative (RWN), following the large fraud reported by PNB," the US-based agency said in a statement.
Moody's, on Thursday, reaffirmed its positive rating outlook for the Chinese economy on the back of favourable medium-term growth prospects.
Externally, the global economy is stabilising, with better growth is expected this year.
The government has last month significantly liberalised the FDI regime, putting most of the sectors on the automatic route
Country's biggest lender State Bank of India had proposed merger of five associate banks.
Sunrisers Hyderabad are lying a lowly seventh with eight points from nine games in the Indian Premier League but head coach Tom Moody is not disheartened by the dismal scenario and said on Wednesday that the team can make it to the play-offs by winning four out of their next five games.
Telcos may hike mobile rates to recover spectrum cost: Moody's
Fitch on Tuesday affirmed India's sovereign rating at 'BBB-' with a stable outlook, on robust growth and resilient external finances, but said weak public finances remain a challenge. India's rating has been unchanged at 'BBB-', which is the lowest investment grade, since August 2006. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook," it said in a statement, adding strong growth potential is a key supporting factor for the sovereign rating.
SunRisers Hyderabad's Director of Cricket Tom Moody also urged everyone in India to stay safe and take all precautions to curb the spread of Covid-19.
Rating agency Moody's has placed 13 Indian banks, including State Bank of India, ICICI Bank and Punjab National Bank, on watch for possible downgrade under a global review of systemic support available for the banking sector.
The report did not specify the impact the rate hike will have on India.
India's economic growth rate in the January-March quarter is likely to slip to 7.2 per cent q-o-q.
The US Fed on May 24 hinted at withdrawing its third round of quantitative easing, or bond buying programme, worth $85 billion each month, which began in the wake of the worst credit crisis in September 2008.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
India Lockdown has way too much carnal pleasure on its mind to focus on minor things like coronavirus, sighs Sukanya Verma.
Differing with the downgrade accorded by Moody's, leading ratings agency Standard & Poor's has upgraded the Indian banking sector saying its domestic regulations are in line with international standards.
Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moody's on Monday said it expects growth to pick up to only 5.5 per cent in FY15.
'I want us not to underestimate Indian voters. They can tell good work from bad.'
'The matches between India and Pakistan are the biggest in the world.'
Moody's may up Indian forex debt rating by mid-Feb
Global rating agency Moody's on Tuesday expressed concern on India's high fiscal deficit projected at 6.8 per cent for 2009-10 and cautioned that the situation may become complicated in the absence of measures like clear road map for disinvestment and structural reforms.
Moody's Economy.com on Thursday said the Reserve Bank of India (RBI) could cut interest rates next week as high fiscal deficit was limiting the Centre's ability to step up spending and boost economic activity.
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