Nomura’s views follow Fitch’s warning that the deterioration in fiscal outlook may put pressure on sovereign ratingLast week, Fitch revised lower its forecast for India’s FY21 growth to 0.8%
3 min read30 Apr 2020The Sebi board may also discuss disclosure of loan defaults and publish a discussion paper on it during its meeting on 28 December
3 min read25 Dec 2017Ratings agencies tend to be harsher towards emerging market economies
3 min read21 Jun 2017The move by India and Russia leaders follows apprehensions about global credit rating agencies being biased towards large economies like the US and China
3 min read1 Jun 2017RBI's proposal to expand scope of oversight committees and role of ratings agencies part of action plan to deal with Rs7.7 trillion bad loans in the banking system
2 min read23 May 2017The issuers obtaining non-rating services have higher ratings and default rates suggesting conflicts of interest
4 min read7 Jun 2016The finance minister seems to be taking the fiscal deficit target of 4.1% of GDP as sacrosanct, presumably to satisfy the rating agencies
4 min read15 Jan 2015Central bank to lend dollars and euros to major firms willing to put up their foreign borrowings as collateral
3 min read25 Dec 2014There is little doubt that globalization and the financialization of the global economy have introduced serious constraints on domestic policymaking
4 min read21 Apr 2014The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared