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GST rate cut ahead of polls good for consumers, but is it good for govt revenue; Experts divided
Mon, Jul 30, 2018
GST Council, which was chaired by Union Minister of Railways, Coal, Finance and Corporate Affairs Piyush Goyal last week, decided to trim down GST rate of items like sanitary napkins, footwear, refrigerators, air conditioners, semi and full trailers and even paints.
Moody's says G20 GDP growth to exceed 3%, warns of geopolitical risks
Wed, Aug 30, 2017
Moody`s Investors Service kept its forecast for G20 economic growth at just over 3 percent for this year and next, but warned of geopolitical risks, U.S. protectionism and spillovers from global monetary tightening and China`s deleveraging measures.
India's GDP to reach nearly 8% in four years: Moody's poll
Mon, Jul 31, 2017
"Given economic and institutional reforms in India, and further changes that could follow, India will likely grow faster than similarly rated peers over the next 12-18 months, despite a short-term drag caused by demonetisation," said Marie Diron, a Moody's Associate Managing Director.
Indian banks are most at risk in South and SE Asia, Moody's says
Wed, Jul 26, 2017
Key Highlights: Indian banks most vulnerable in South and Southeast Asia Moody's says result from a poll in Hong Kong and Singapore
RBI's NPA resolution move is credit positive, Moody's says
Mon, Jun 19, 2017
The Reserve Bank of India's (RBI) move last week to resolve 12 borrowers responsible for a quarter of total non-performing assets (NPAs) of Indian banks is credit positive, ratings agency Moody's Investors Services said on Monday.
Now Fitch downgrades Reliance Communications, says default a 'real possibility'
Thu, Jun 01, 2017
After ICRA and Moody's, now Fitch Ratings downgraded Reliance Communications to CCC.
Debt continues to be key constraint for India, Moody's says
Thu, Jun 01, 2017
Moody's said, "India (Baa3 positive) is implementing a number of wide-ranging reforms and measures that, if effective, will broaden the tax base and anchor fiscal consolidation. Under such outcomes, the government's debt burden, a key constraint on India's credit profile, would ease gradually."
Moody's, ICRA downgrade RCom over debt concerns
Wed, May 31, 2017
RCom, controlled by billionaire Anil Ambani, has traditionally relied on short-term debt and covenant waivers from its banking relationships, but if these waivers are not received it could impact RCom`s $300 million bondholders "significantly", Moody`s said.
Vedanta looks to refinance debt; issues bonds worth $ 1 billion
Thu, Jan 26, 2017
Tom Albanese, Chief Executive Officer said, "This transaction is in line with our financial strategy to extend maturities, optimise the balance sheet, and create value for all stakeholders. We are pleased with the strong demand these bonds received, with support from all major markets."
How India lobbied Moody's for ratings upgrade, but failed
Fri, Dec 23, 2016
Since storming to power in 2014, Modi has unveiled measures to boost investment, cool inflation and narrow the fiscal and current account deficits, but his policies have not been rewarded with a ratings upgrade from any of the "big three" global ratings agencies, who say more is needed.
Moody's retains India GDP forecast, ups China's estimates
Thu, Aug 18, 2016
A change in US policy stance that contributes to a weakening of the current global trade and security architecture could have a detrimental impact on global confidence and growth, and would prompt us to revise our forecasts, Moody's said.
RBI should continue with Rajan's policies on inflation: Moody's
Mon, Aug 15, 2016
Governor Raghuram Rajan's policy of tight leash on inflation has showed results and the Reserve Bank should continue with similar policies and communication going forward, Moody's Investors Service has said.