'Probability has increased for India to have improved fundamentals'.
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.
Vaayai Moodi Pesavum is a thought-provoking and thoroughly enjoyable film
Moody's said India's current account deficit (CAD) has narrowed significantly from 4.8 per cent in 2012 to 1.4 per cent in 2014.
Country's biggest lender State Bank of India had proposed merger of five associate banks.
High fiscal deficit and debt ratios remain one of the biggest constraints.
The Aditya Birla group has slammed rating firm Moody's for placing Novelis, the group's aluminium products subsidiary, in line for a possible downgrade to default.
The report did not specify the impact the rate hike will have on India.
Rajan has ignored pressure to loosen policy.
Sequel to firm's announcement of cut in K-G gas reserves after long decline in output; agency says it expects decline in cash flows.
Swine flu scare could make foreign institutional investors pull out money from Indian equity markets even though they remained net investors in March and April this year, says Moody's.
The government has last month significantly liberalised the FDI regime, putting most of the sectors on the automatic route
The RBI is likely to raise CRR, the portion of funds that banks have to keep with the regulator, by 50 basis points in its forthcoming monetary review next week and signal tight monetary measures, says Moody's.
Former captain and coach Anil Kumble believes having totally different squads in limited overs and Test format is the way forward for India in international cricket.
Sri Lanka coach Tom Moody said dropping Virender Sehwag twice proved costly for his side in the fourth ODI.
Moody's wanted to learn from the Finance Ministry officials, the steps taken to check subsidy outgo and impact of the proposed right to food bill on the exchequer.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
Budget clearly prioritised growth over fiscal consolidation, said Atsi Sheth, Senior VP, Moody's Investors Service.
11 sectors to have credit exposure to environmental risks in next five years.
It has blamed lack of political will for the slow reform process.
After a $110 billion rout in market value, embattled Adani group got some reprieve on Tuesday after shares of most of its listed firms rebounded on bourses and international rating agencies said there was no credit risk for lenders with exposure to the group. The group, which is in the midst of a political storm after US-based short-seller Hindenburg Research's adverse report dated January 24 triggered a meltdown in group stocks wiping out billions of dollars in market value, also had a mixed day with the quarterly results of four of its entities, particularly Adani Ports and Special Economic Zone reporting a 12.94 per cent decline in consolidated net profit to Rs 1,336.51 crore for the December quarter 2022. Shares of flagship firm Adani Enterprises settled nearly 15 per cent higher at Rs 1,802.50 apiece while shares of Adani Wilmar jumped 5 per cent to end at Rs 399.40 on BSE.
The economy is unlikely to accelerate much in 2014 though the downside risks have receded in recent months with falling inflation and a narrower current account deficit, he said, adding there is no sign of a lift in the real economy.
Terming inflation as the biggest challenge before the Indian economy, Moody's said the Reserve Bank should focus on controlling the price rise and added that maintaining the balance between growth and inflation would a test for policymakers.
Mahesh Bhupathi is looking forward to a successful year along with the Wesley Moodie
The government emphasised that the country's credit strengths were 'much better' than most similar-rated economies.
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.
'I want us not to underestimate Indian voters. They can tell good work from bad.'
India would be a major beneficiary of softer oil prices among the G20 economies as the country is a major crude importer.
India's economic growth rate in the January-March quarter is likely to slip to 7.2 per cent q-o-q.
Constraints are political and global: political factors may come in the way of scrapping fuel subsidies and reforming outdated labour laws, while the global recession still continues, according to the rating agency. It said that returning to the path of fiscal consolidation will be challenging for the government if the global recession becomes protracted.
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.
Although its ratings outlook for foreign currency and local currency is stable, Moody's outlook for the country says it faces challenges in macroeconomic management and a backlog of structural reforms. "India's ratings are based on the assessment of the country's moderate levels of economic and institutional strength, that are supported by a rapidly growing and well-diversified economic structure," said Aninda Mitra, VP and senior analyst at Moody's.
Government last month released Rs 265 crore to Air India to partially clear the interest burden to banks.
Spectrum auction proceeds to help plug fiscal deficit: Moody's.
Mayank Agarwal, Umran Malik, Abhishek Sharma, Abdul Samad and Mayank Dagar can be seen playing volleyball.
Global rating agency Moody's on Tuesday warned that India's over 8 per cent economic growth may not be sustainable, saying it may average to 6.5 per cent in the coming years.
A roadmap for the consolidation of public sector banks will be outlined during the year.
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