Chill Crow News
  • Home
  • News

    Trending Tags

      • Business
      • Politics
      • World
    • Entertainment

      Why Patrick Mahomes’ Fiancée Brittany Matthews Is not Able to Share Photographs of Child Sterling – E! On-line

      Dancehall Singer Shenseea Explains Why She Stopped Making an attempt to “Be the Subsequent Rihanna” – E! On-line

      OG Slams ‘Basketball Wives’ Modifying

      Carly Waddell Shuts Down “Impolite” Physique Shamers With Message About Self-Love – E! On-line

      Travis Scott Says Daughter Stormi Is A Main Inspiration For His Music

      Ava DuVernay And Regina King Throw Some Shade At The Golden Globes For Having No Black Members

      Cheer’s Morgan Simianer and Large Brother’s Jackson Michie Break Up – E! On-line

      Trending Tags

      • Tech

        Brook is an easy RSS Feed administration extension for Firefox

        NASA’s Juno Spacecraft Spots Asteroid Impression on Jupiter

        Right here’s a have a look at China’s largest fintech gamers

        Automobile-sharing startup GetGo launches in Singapore with roll out of 400 automobiles

        Sources: Indian fintech agency Razorpay in talks to boost as much as $200m from GIC, others

        This Chinese language startup attained unicorn standing in 100 days since inception

        East Ventures’ Willson Cuaca invests within the movie adaptation of a basic Indonesian novel

        Trending Tags

        • Covid-19
        • About
        Thursday, February 25, 2021
        No Result
        View All Result
        • Home
        • News

          Trending Tags

            • Business
            • Politics
            • World
          • Entertainment

            Why Patrick Mahomes’ Fiancée Brittany Matthews Is not Able to Share Photographs of Child Sterling – E! On-line

            Dancehall Singer Shenseea Explains Why She Stopped Making an attempt to “Be the Subsequent Rihanna” – E! On-line

            OG Slams ‘Basketball Wives’ Modifying

            Carly Waddell Shuts Down “Impolite” Physique Shamers With Message About Self-Love – E! On-line

            Travis Scott Says Daughter Stormi Is A Main Inspiration For His Music

            Ava DuVernay And Regina King Throw Some Shade At The Golden Globes For Having No Black Members

            Cheer’s Morgan Simianer and Large Brother’s Jackson Michie Break Up – E! On-line

            Trending Tags

            • Tech

              Brook is an easy RSS Feed administration extension for Firefox

              NASA’s Juno Spacecraft Spots Asteroid Impression on Jupiter

              Right here’s a have a look at China’s largest fintech gamers

              Automobile-sharing startup GetGo launches in Singapore with roll out of 400 automobiles

              Sources: Indian fintech agency Razorpay in talks to boost as much as $200m from GIC, others

              This Chinese language startup attained unicorn standing in 100 days since inception

              East Ventures’ Willson Cuaca invests within the movie adaptation of a basic Indonesian novel

              Trending Tags

              • Covid-19
              • About
              No Result
              View All Result
              Chill Crow News
              No Result
              View All Result
              Home Business

              Increased deficit should not put stress on India’s sovereign ranking: DEA Secy

              admin by admin
              February 7, 2021
              in Business
              0
              0
              SHARES
              1
              VIEWS
              Share on FacebookShare on Twitter



              India’s sovereign rating should not come under pressure due to surge in fiscal deficit which was mainly on account of higher expenditure to deal with the Covid-19 pandemic, said Economic Affairs Secretary Tarun Bajaj.


              Given the credibility of the numbers projected in the Budget, he hoped that the global rating agencies would retain India’s sovereign rating at the existing levels.



              As per the latest Budget numbers, India’s fiscal deficit is estimated to be 9.5 per cent of the GDP in the current fiscal and is expected to come down to 6.8 per cent in 2021-22 beginning April 1.


              As a result of the impact of the pandemic on the economy, there was moderation in tax collection and an increase in government expenditure resulting in higher borrowing of Rs 12.8 lakh crore from the market.


              “I don’t think that rating will be under pressure because every country across the world was impacted by the COVID-19 pandemic. This crisis was not only limited to India. Our recovery is faster than in the Western world. The Budget projects a nominal GDP growth rate of 14.5 per cent,” Bajaj told PTI in an interview.


              “They should look at our Budget and the reforms the government has undertaken. The government will engage with them and explain the numbers. We hope that they retain the ratings,” Department of Economic Affairs (DEA) Secretary said.


              Last month, the Economic Survey 2020-21 observed that India’s sovereign credit ratings do not reflect the economy’s fundamentals pitched for sovereign credit rating methodology to be made more transparent and less subjective.


              Never in the history of sovereign credit ratings has the fifth largest economy in the world been rated as the lowest rung of the investment-grade (BBB-/Baa3). While sovereign credit ratings do not reflect the Indian economy’s fundamentals, noisy, opaque and biased credit ratings damage FPI flows, the survey said.


              Past episodes of rating changes have no or weak correlation with macroeconomic indicators India’s fiscal policy, therefore, must not remain beholden to a noisy/biased measure of India’s fundamentals and should instead reflect Gurudev Rabindranath Thakur’s sentiment of a mind without fear, it said.


              Global rating agencies have the lowest investment-grade rating on India, which is just above the junk status.


              In June, Fitch Ratings revised India’s outlook to ”negative” from ”stable” and affirmed the rating at ”BBB-”, stating that the coronavirus pandemic has significantly weakened the country”s growth prospects for the year and exposed the challenges associated with a high public-debt burden.


              Moody’s Investors Service had downgraded India’s sovereign rating to ”Baa3” from ”Baa2”, saying there will be challenges in the implementation of policies to mitigate risks of a sustained period of low growth and deteriorating fiscal position.


              S&P Global Ratings retained the ”BBB-” rating for India for the 13th year in a row in June last year.

              Dear Reader,

              Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

              We, however, have a request.

              As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

              Support quality journalism and subscribe to Business Standard.

              Digital Editor



              Previous Post

              Energy demand stays increased in 1st week, crosses report peak of Feb’20

              Next Post

              ‘One other wave is feasible’: Paris braces for UK Covid variant | World information

              Next Post

              'One other wave is feasible': Paris braces for UK Covid variant | World information

              Leave a Reply Cancel reply

              Your email address will not be published. Required fields are marked *

              Instagram Star Bundle Of Brittany GOT THE BAG; Pregnant By NBA Participant! (1st Pics)

              February 2, 2021

              Samsung Galaxy S21 launch livestream India pricing specs, and sale particulars

              January 14, 2021

              Wetherspoon’s chief requires pubs to reopen at similar time as non-essential outlets | JD Wetherspoon

              February 15, 2021
              Starmer hits again at PM’s ‘Rashford’ jibe

              Starmer hits again at PM’s ‘Rashford’ jibe

              January 13, 2021

              The 2021 SAG Awards Lastly Offers Bridgerton the Recognition It Deserves – E! On-line

              February 4, 2021
              Wings Over Scotland | Deadpan Of The Yr 2021

              Wings Over Scotland | Deadpan Of The Yr 2021

              January 5, 2021

              Steve Harvey Jokes He Has “Pure Hatred” for Daughter Lori’s Boyfriend Michael B. Jordan – E! On-line

              January 23, 2021

              Nineteen charred our bodies discovered close to Mexico-US border

              January 25, 2021

              Tier 4 Covid guidelines in England: newest restrictions defined | UK information

              December 31, 2020

              Want-to-know: Vitality White Paper – Politics.co.uk

              January 1, 2021

              Greatest Shares To Purchase And Watch Now: 5 High Shares For January

              January 10, 2021

              Shopify’s inventory pulls again from a report whilst revenue, income rise above expectations

              February 17, 2021

              BPCL Q3 revenue falls 7.3% to Rs 1,901 cr; declares interim dividend

              February 8, 2021

              How Israel grew to become a world chief in vaccinating towards Covid-19

              January 2, 2021

              Lower in gender pay hole partly because of extra males in lower-paid work | Australia information

              February 25, 2021

              Harvard Astronomer Nonetheless Believes Interstellar Object Was Alien Expertise

              January 5, 2021
              Chill Crow News

              We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

              Categories

              • Business
              • Covid-19
              • Entertainment
              • Politics
              • Tech
              • World

              Recent News

              NASA’s Parker Photo voltaic Probe catches gorgeous new photos of Venus! Examine particulars

              February 25, 2021
              WHO urges actions for 'lengthy Covid' victims

              WHO urges actions for 'lengthy Covid' victims

              February 25, 2021

              © 2020 Chill Crow News - All rights reserved by Chill Crow News.

              No Result
              View All Result
              • Home
              • Entertainment
                • Sports
              • News
                • Politics
                • World
              • Tech

              © 2020 Chill Crow News - All rights reserved by Chill Crow News.