Constraints are political and global: political factors may come in the way of scrapping fuel subsidies and reforming outdated labour laws, while the global recession still continues, according to the rating agency.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.
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.
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.
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.
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.
Spectrum auction proceeds to help plug fiscal deficit: Moody's.
Moody's Investors Service has said that although there is only a moderate direct impact of an expected European recession for most Asian (ex-Japan) corporate issuers of debt, indirect risks are rising on account of weak exports.
A roadmap for the consolidation of public sector banks will be outlined during the year.
Watching Aavesham is like sprinting through the whole history of our mass-masala movies and seeing it in a new light, notes Sreehari Nair. And this, incidentally, is the story of Fahadh Faasil's career too.
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.
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 RBI in its first quarterly review of the credit policy kept the repo and reverse repo -- short-term rates at which banks lend and borrow from RBI--unchanged, retained economic growth projection at 6 per cent with an upward bias and projected inflation at around 5 per cent by March, 2010.
Moody's Investors Service on Thursday upgraded India's ceiling for foreign currency bonds and government's foreign currency issuer ratings to "Baa3" from "Ba1".
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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The next six months of the year are likely to see "sharper slowdown" in the country's export, which has already entered into the negative zone in the backdrop of slump in demand in the developed economies, a global credit rating agency said.
Moody's may up Indian forex debt rating by mid-Feb
Total fuel subsidies accounted for less than 1 per cent of GDP and under 3 per cent of total government expenditures in FY14.
The overall debt servicing metrics of Indian corporates are weak.
'I want us not to underestimate Indian voters. They can tell good work from bad.'
Mayank Agarwal, Umran Malik, Abhishek Sharma, Abdul Samad and Mayank Dagar can be seen playing volleyball.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
Unseasonal rains and hailstorm are likely to disrupt supplies.
Sri Lanka's coach urged his batsmen make amends for poor form and give the bowlers something on the board to bowl in the third Test against England.
Credit rating agency Moody's Investors Services said on Monday that it had upgraded India's country ceiling for foreign currency debt to Ba1, the top of the speculative grade, from Ba2 due to a substantial improvement in the external liquidity.
Sunrisers Hyderabad's head coach Tom Moody attributes role clarity for the team's success.
M&M was the biggest loser in the Sensex pack, declining nearly 3 per cent, followed by TCS, Bajaj Finance, Wipro, Kotak Bank, Tech Mahindra, HCL Tech and Tata Motors. In contrast, Titan, Bharti Airtel, ICICI Bank and L&T were among the gainers, rising up to 0.93 per cent.
After upgrading India's foreign currency debt rating, Moody's Investor Service on Wednesday upgraded the foreign currency deposit, debt and issuer ratings for 11 Indian banks and financial institutions.
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Companies such as Indian Oil Corporation, Tata Steel Ltd and Tata Power Company Ltd will remain highly leveraged over the next 12 months because of weak industry dynamics and resulting constraints on cash flows, it said.
Washington Sundar re-injured the same area while fielding against CSK on Sunday.
'The matches between India and Pakistan are the biggest in the world.'
Former India coach Ravi Shastri advised Virat Kohli that he must not drop the tempo of his innings after getting a start.
Sunrisers Hyderabad coach Tom Moody has defended playing captain Kane Williamson as an opener despite the batter's ongoing run drought in IPL 2022.
"Banks are now free to set their own interest rates ... a direct consequence of this policy is that banks can, and will, offer higher interest rates to compete for savings deposits, thereby, undermining the role these deposits play as a relatively stable and low-cost funding source. We expect the move to exacerbate already increasing pressure on net interest margins and asset quality," Moody's said in its 'Weekly Credit Outlook'.
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