BJP insisted political and economic correctives by the government would be required to come out of this crisis.
Agency's downgrade forms only a small portion of the bank's overall rating.
The minister, who was addressing a press conference on the sidelines of the IMF-World Bank annual meetings, said that there would be lot of action on the reforms front in the next 24 months, the timeline provided by the S&P.
Standard & Poor's on Wednesday lowered the stand-alone credit profile of two government-owned lenders- the State Bank of India and Union Bank of India citing concerns over their asset quality and high credit cost.
Bharat is nothing more than a reflection of the times we are living in: where we expect our heroes to be flawless, virtuous fellas -- it is our current national disease.
In India, the pollution levels are highest in the north.
The captains and coaches also deliberated over the relevance of Duleep Trophy and the Irani Trophy.
The combined Left parties drew a blank in the polls to the assembly which they had run with an overwhelming majority for 34 long years, with their vote share dwindling to a mere 5.47 per cent in 2021.
Of the 23.9 million vaccinators who provide vaccination under the universal immunisation programme, 15.4 million will be used for Covid vaccination.
''None of the existing vaccines have 100% efficacy.' 'Each vaccine will work openly on a certain percentage of the population.'
When taken to the extreme, an obsession with clean eating can be a sign that the person is struggling to manage their mental health.
Plagued by poor batting form for long, a jittery India will need to strike the right combination and lift the standard of their game as they strive to bring their ODI tri-series campaign back on track when they take on Sri Lanka at WACA in Perth on Wednesday.
The beleaguered Indian cricket team got support from unexpected quarters with the Australian media terming the behaviour of their own players "unacceptable" and calling the standard of umpiring as poor which left a bitter taste in the mouth.
India's economic condition is just a notch above that of Greece. The next phase could be of a "sovereign default" similar to Greece, said Arun Jaitley, Leader of Opposition in Rajya Sabha.
The lowered outlook jeopardises India's long-term rating of BBB-, which is the lowest investment grade rating. S&P has threatened to downgrade India's rating in next 2 years if the fiscal situation does not improve.
You may no longer have to rely on international size charts.
the ratings agencies have been inconsistent in their treatment of China and India. Given this record -- what we call Poor Standards -- my question is: why do we take these rating analysts seriously at all?," Chief Economic Adviser Arvind Subramanian said on Thursday.
There is a "one in three" chance of a downgrade of the country's sovereign rating to junk status in the next two years.
The NRA will have representatives of IBPS, SSC and Indian Railways.
Keen to prevent a downgrade of India's sovereign rating by Standard & Poor's (S&P), which could trigger an exodus of foreign investors, Prime Minister Manmohan Singh has told the Congress party there is no option but to raise diesel prices by at least Rs 5 a litre after the Presidential election. The current diesel subsidy is Rs 9.13 per litre sold.
Fiscal correction is needed even after the changes that have been made now, otherwise the fiscal deficit would tend to be high.
Officials have stated the finance ministry is also contemplating doing away with some of the key export promotion schemes, to check revenue leakage -- such as the advance licence scheme and export promotion capital goods scheme.
Citing economic slowdown and political roadblocks to policy-making, rating agency S&P on Monday warned India could become the first BRIC nation to lose investment-grade rating.
Describing Kevin Pietersen's sacking by England and Wales Cricket Board as "unnecessary", paceman Stuart Broad has said that the issue could have been handled differently.
Delhi Police ask for 45 documents for opening a restaurant, only 19 for a gun: Survey
The rating of Egypt has been cut one notch from 'BB-' to 'B+'.
Confidence in the company as government is the biggest shareholder.
While the rating cut will raise borrowing costs for the US government, companies and consumers, Indian educational institutes fear it may also impact recruitment plans of international companies.
Responding to what is widely felt by the political establishment in Europe to be the "destabilising" role played by credit ratings agencies in the ongoing euro zone crisis, the European Commission unveiled measures to curb their power.
'Sinha's skills at resolving contradictions will be required to smoothen the functioning of the bureaucracy which has been so fractious that it tripped up even a seasoned bureaucrat like his immediate predecessor, G C Murmu,' notes avid Devadas.
The perceived notion about growing corruption and the policy uncertainties have increased the country-specific credit quality risks for the companies in India, global rating agency S&P has warned.
The lawmakers seem as uninterested as those who use the railways.
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.
Attacking Salman Rushdie, Press Council of India Chairman Markandey Katju on Monday said that the "sensationalism" depicted by his book Satanic Verses has deeply hurt Muslim sensitivities and that an individual's freedom of speech has to harmonised with the public interest.
Salman Rushdie is a "poor" and "sub-standard writer" who would have remained largely unknown but for his controversial book The Satanic Verses, according to Markandey Katju, till recently a judge of the Supreme Court.
'China need not worry about a truly 'resurgent India'.' 'It's not going to happen.'
The announcement by Standard & Poor's (S&P) on Wednesday to cut its outlook for India from stable to negative should cause no surprise, even though it comes barely five days after a similar exercise by Moody's, which had retained its outlook on India as stable.
India's top 10 banks, including the SBI, ICICI Bank and HDFC Bank suffered a collateral damage following the Standard and Poor's lowering the country's sovereign rating outlook.
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