Oct 22, 2020-Thursday

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Thursday, Oct 22, 2020


Oct 15, 2020 16:14
After a long clamour for fiscal stimulus, the government had on October 12 come up with measures with direct fiscal support to people and states and to generate demand. read more
Jun 11, 2020 17:40
Krishnamurthy Subramanian took comfort in rating agencies acknowledging India’s reforms, saying these are critical elements for higher growth next year. read more
Jun 03, 2020 04:23
Speaking at the Confederation of Indian Industry (CII) annual session 2020, Kotak, the association’s president-elect, said that the government, banks and India companies will have to work together to get growth back on track. read more
Jun 03, 2020 04:14
SBI and HDFC Bank are among 11 Indian banks covered under Moody’s latest rating action. The others are Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India (EXIM India), Indian Overseas Bank, IndusInd Bank, Punjab National Bank and Union Bank of India. read more
Jun 03, 2020 04:08
According to at least two industry experts, foreign banks are already aware of the impending risks and have begun negotiations to sell their loan portfolios, including those given to some of the best-rated corporates in India. read more
Jun 03, 2020 03:31
PM Modi’s first major speech on the economy since the post-Covid-19 lockdown began on March 25 came a day after Moody’s Investors Service cut India’s rating by one notch to the lowest investment grade with a negative outlook, citing growing risks that Asia’s third largest economy will face a prolonged period of slower growth. read more
Jun 02, 2020 17:27
Gandhi said that Moody’s has termed “a step above junk” the handling of the economy by Prime Minister Narendra Modi. read more
Jun 02, 2020 08:04
India’s fiscal deficit in FY20 widened to 4.6% of GDP against the budgeted 3.8%. read more
May 09, 2020 00:21
India’s nationwide lockdown, considered the severest in the world, has led to massive retrenchment and loss of output. Unemployment rate climbed to a staggering 27.1% in the week to May 3, while around 121.5 million reported job losses in April, data from the Centre for Monitoring Indian Economy showed. read more
Apr 30, 2020 05:59
In a report on Wednesday, Nomura warned about the risk of a ratings downgrade by Moody’s Investors Service and a negative outlook by Fitch Ratings. read more
Apr 29, 2020 01:56
Moody’s said the economic costs of the coronavirus crisis amid the near shutdown of the global economy are accumulating rapidly. read more
Mar 27, 2020 11:06
Moody’s said it expects the growth to bounce back to 5.8% in the calendar year in 2021 and expects a gross domestic product (GDP) growth of negative 0.5% in CY20 at the global level, before bouncing back in CY21. read more
Feb 17, 2020 12:42
In its update on Global Macro Outlook, Moody’s said India’s economy has decelerated rapidly over the last two years and expects economic recovery to begin in the current quarter. read more
Dec 13, 2019 13:16
It expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively, but sees the pace of growth remaining lower than past. read more
Nov 19, 2019 14:53
Risks will be centred around US-China trade disputes, Brexit-related uncertainty and the escalation of other bilateral disputes. At the sector level, spillover effects from trade frictions will drive shifts in global supply chains and weigh on investment... read more