However, the Indian economy is expected to bounce back in 2021, the World Bank said.
Pakistan has been scrambling in recent months to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations.
Stating that COVID-19 has not yet been contained in India, the rating agency in a statement said the government stimulus package is low relative to countries with similar economic impacts from the pandemic. "The COVID-19 outbreak in India and two months of lockdown -- longer in some areas -- have led to a sudden stop in the economy. That means growth will contract sharply this fiscal year (April 2020 to March 2021)," it said. "Economic activity will face ongoing disruption over the next year as the country transitions to a post-COVID-19 world."
Sunrisers Hyderabad, the new IPL outfit, have suffered a blow ahead of the tournament with star player Shikhar Dhawan being ruled out due to injury for at least their opening tie against Pune Warriors, to be held on April 5.
The growth in the PV segment was primarily led by car market leader, Maruti Suzuki India, which saw its dispatches to dealers grow 4.4 per cent YoY to 144,277 units after 10 months of drop. It was driven by new launches, such as the S-Presso, a mini sport UV.
The downgrade threat comes in the backdrop of growth slowing to a nine-year low of 5.3% in the fourth quarter of 2011-12, high inflation
A statement issued by the Interior Ministry also said the crackdown on Jaish 'has been taken in line with the decision of the NSC meeting'.
Italian tennis ace Francesca Schiavone has said that she regards Serena Williams better than Steffi Graf after she drew within four Grand Slam titles of the former German great's Open-era record.
The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.
The finance ministry on Tuesday cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage. Stating that the agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of economy.
Mahela Jayawardene is still short of experience to take over as head coach of the Sri Lanka national team after the exit of Graham Ford, Sri Lanka Cricket (SLC) president Thilanga Sumathipala said.
Salman Khan talks about his upcoming film, Dabangg 2.
Opener Ian Bell plundered 187 off 145 balls and Stuart Broad captured four wickets as England crushed the Australian Prime Minister's XI by 60 runs in Canberra on Wednesday. Bell starred in England's imposing 391 for six to set the PM's eleven a run-chase of almost eight runs an over at Manuka Oval.
India's economy is likely to grow at the slowest rate in a decade this year.
The Indian oil company has been struggling to generate positive free cash flows given its already high capital expenditure programme and projected rise in its fuel subsidy outgo.
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
Besides, a higher opening in the domestic equity market and strengthening of the euro against the dollar overseas following a long-awaited bailout deal for Greece, supported the rupee, forex dealers said.
The Indian economy has been plagued by several crises in the last few months. Yet, the nature of India's national conversation of late has been such that it does not adequately capture their complexity and potential for harm to the economy.
India and China are seeing economic slowdown while growth momentum is losing steam in most of the developed world, says Paris-based think tank OECD.
Let all the stakeholders, especially the government, remember that if the Make in India lion needs to roar and rise again, it won't happen unless India Inc rises too, points out Shekaar Subramanian.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
External Affairs Minister Yashwant Sinha on Thursday discounted the 'junk' grading of the rupee by rating agencies like Moody's and S&P, saying it was based on a few 'weak' parameters rather than the overall macro-economic picture.\n\n\n\n
Fitch Ratings said with GDP growth of 6.5% and WPI-based inflation of 8.8%, India may have entered into a stagflation period in 2011-12.
The reason for both the officials being sent on leave is the same - an anonymous complaint received by the market regulator against the agency.
Besides Shastri, Rahul Dravid has been appointed as the team's overseas batting consultant and Zaheer Khan as the bowling coach by the three-man CAC team.
Ravi Shastri formally applies for India head coach job.
India's growth outlook has weakened sharply this year, with a crunch that started with the non-banking finance institutions spreading to retail businesses, car-makers, home sales and heavy industries.
The Board of Control for Cricke in India decided to invite more applications for the post of Indian team's coach to give Cricket Advisory Committee (CAC) a wide range of options to pick a suitable candidate.
India's finance minister Pranab Mukherjee is all set to become the next President of the country.
'There is a fiscal crisis building up, which might become apparent when the Finance Commission presents its report,' warns T N Ninan.
Former Australia fast bowler Craig McDermott has applied for the post of India head coach, which will become vacant after the ongoing Champions Trophy campaign.
'Businessmen like Rajiv render public service when they speak truth to power,' observes Virendra Kapoor.
132 Tests. 271 ODIs. 619 Test wickets. 337 ODI wickets.
Bank stability is an ever-more pressing concern for the world's corporations and investors says Global Finance, while announcing the half-yearly update of its ranking of the world's 50 safest banks.
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