In a string of bold initiatives, the government, accused of a 'policy paralysis', first announced a steep 12 per cent, or Rs 5 per litre, increase in the regulated diesel prices on Thursday and a cap on subsided cooking gas usage.
Corporate Affairs Minister Veerappa Moily on Tuesday lashed out at global credit rating agency Standard and Poor's (S&P) for describing Prime Minister Manmohan Singh as "unelected" leader and saying the comment "smacked of politics".
Rating agency says the country may lose its investment-grade status on growth concerns; finance ministry begs to differ
Retaining India's sovereign rating at the lowest investment grade, global agency S&P on Tuesday warned that a downgrade is likely for the country if its political climate worsens and pace of fiscal reforms slows down.
India's sovereign rating could be cut if the government loosens fiscal policy in the run-up to elections, says Fitch.
S&P warned about spending on subsidies and heavy government debt.
India captain Virat Kohli said that his team is not looking to strengthen its T20 World Cup preparations in the ODI series against New Zealand as he believes the upcoming Indian Premier League is the 'right platform' for it.
Sensex's 3 per cent average performance over the last 5 years can be considered as sleeping.
BJP insisted political and economic correctives by the government would be required to come out of this crisis.
RBI had rescheduled the starting date for its implementation.
Karnam Malleswari's medal at Sydney and the Shah Rukh Khan-starrer Chak De! India changed the attitude of the people towards women taking up sports as a career, believes badminton ace Aparna Popat.
The founders, who hold 12.75 per cent stake in Infosys, together with a dozen leading institutional investors with a cumulative stake of about 10 per cent forced the Infosys board to bring back Nilekani.
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.
President Ram Nath Kovind on Friday strongly defended the three new agri laws saying their benefits have begun reaching 10 crore small farmers instantly, and condemned as 'very unfortunate' the Republic Day violence and 'dishonour' to the tricolour during the tractor parade by the protesting farm unions in New Delhi.
There are various estimates of India's debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year.
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.
In electing Kumar to receive the 2019 Ramon Magsaysay Award, the board of trustees recognises his unfaltering commitment to a professional, ethical journalism of the highest standards; his moral courage in standing up for truth, integrity, and independence; and his principled belief that it is in giving full and respectful voice to the voiceless, in speaking truth bravely yet soberly to power, that journalism fulfills its noblest aims to advance democracy, the award citation said.
'It is a package for a new self-reliant India.'
As the news of former Assam Chief Minister Tarun Gogoi's demise broke, leaders across the political spectrum paid tribute to the Assam leader.
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.
'What does our conservatism seek to conserve?' 'Of course its values, which are akin to religion and accepted unquestioningly.' 'Such things as respect for elders, studying 'hard', career choices being determined or influenced by parents, the idea of arranged marriage, the marking of ritual and ceremony,' explains Aakar Patel.
In India, the pollution levels are highest in the north.
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.
There is a "one in three" chance of a downgrade of the country's sovereign rating to junk status in the next two years.
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.
The rating of Egypt has been cut one notch from 'BB-' to 'B+'.
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.
The challenges in a post COVID-19 world were new and unusual but unlike other Indian sports, cricket could partially redeem itself, thanks to the deep pockets of the BCCI
Confidence in the company as government is the biggest shareholder.
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.
Syed Firdaus Ashraf/Rediff.com attended the Congress president's rally in Mumbai on Friday, and explains why people who came with high hopes left disappointed.
