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India needs to make efforts to get rating upgrade in line with fundamentals: CEA


India needs to make efforts to get rating upgrade in line with fundamentals: CEA KV Subramanian
Krishnamurthy V. Subramanian., Chief Economic Adviser
(Photo: ANI )
Kumar Dipankar,
, PTI
India will have to persistently make efforts for improvement in its sovereign rating by different global agencies in line with its economic fundamentals, Chief Economic Adviser KV Subramanian said
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NEW DELHI :
India will have to persistently make efforts for improvement in its sovereign rating by different global agencies in line with its economic fundamentals, Chief Economic Adviser K.V. Subramanian said on Saturday.
The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals.

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India must work to get rating upgrade in line with fundamentals: CEA


India will have to persistently make efforts for improvement in its sovereign rating by different global agencies in line with its economic fundamentals, Chief Economic Adviser K V Subramanian said on Saturday.
The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals.
"We have made the case very very forcefully (to rating agencies)...These changes happen over time. They don't happen instantaneously, but you have to continue making efforts," he told PTI in an interview.
The Survey said sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations, and suggested that developing economies must come together to address this bias and subjectivity inherent in sovereign credit ratings methodology.

India , Fitch-ratings , Parliament-on , Moody-investors-service , Chief-economic-adviserkv-subramanian , Economic-survey , Investors-service , Rabindranath-thakur , இந்தியா , ஃபிட்ச்-ரேடிஂக்ஸ் , பாராளுமன்றம்-ஆன்

Economic survey: India needs to make efforts to get rating upgrade in line with fundamentals: CEA


Synopsis
The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals.
ANI
NEW DELHI:India will have to persistently make efforts for improvement in its sovereign rating by different global agencies in line with its economic fundamentals, Chief Economic Adviser K V Subramanian said on Saturday.
The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals.
"We have made the case very very forcefully (to rating agencies)...These changes happen over time. They don't happen instantaneously, but you have to continue making efforts," he told in an interview.

India , Fitch-ratings , Parliament-on , Moody-investors-service , Chief-economic-adviserkv-subramanian , Economic-survey , Investors-service , Rabindranath-thakur , இந்தியா , ஃபிட்ச்-ரேடிஂக்ஸ் , பாராளுமன்றம்-ஆன்

India needs to improve sovereign rating in line with economic fundamentals: CEA


India needs to improve sovereign rating in line with economic fundamentals: CEA
The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals
PTI | January 30, 2021 | Updated 21:41 IST
India's chief economic advisor KV Subramanian with digital copy of Economic Survey 2020-21
India will have to persistently make efforts for improvement in its sovereign rating by different global agencies in line with its economic fundamentals, Chief Economic Adviser K V Subramanian said on Saturday.
The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals.

India , Fitch-ratings , Parliament-on , Moody-investors-service , Chief-economic-adviserkv-subramanian , Economic-survey , Investors-service , Rabindranath-thakur , இந்தியா , ஃபிட்ச்-ரேடிஂக்ஸ் , பாராளுமன்றம்-ஆன்

Eco Survey exhorts rating agencies to be more transparent, less subjective in sovereign rating


Updated: Friday, January 29, 2021, 16:57 [IST]
New Delhi, Jan 29: India's sovereign credit ratings do not reflect the economy''s fundamentals, the Economic Survey said on Friday and nudged the global agencies to become more transparent and less subjective in their ratings.
Nirmala Sitharaman
The Economic Survey 2020-21, tabled in Parliament, said that sovereign credit ratings methodology must be amended to reflect economies'' ability and willingness to pay their debt obligations, and suggested that developing economies must come together to address this bias and subjectivity inherent in sovereign credit ratings methodology.
"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.

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From Conor McGregor to The Jungle Book, Economic Survey says it all


From Conor McGregor to The Jungle Book, Economic Survey says it all
New Delhi: Chief Economic Advisor Krishnamurthy Subramanian addresses a press conference on Economic Survey 2020-21, in New Delhi, Friday, Jan. 29, 2021 (PTI Photo/Kamal Singh)(PTI01_29_2021_000179A)
(PTI)
The Survey comes two days before the finance minister Nirmala Sitharaman rises to present the union budget -- her third
The budget will be seen as a continuation of the string of economic packages that were like mini budgets that Sitharaman had to announce in the last few months amid the pandemic
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NEW DELHI :
The Economic Survey presented on Friday, bearing the imprimatur of chief economic adviser Krishnamurthy Subramanian, projected a V-shaped economic recovery, and compared it to India’ memorable cricketing test victory in Australia. The annual report card of the government also called the Indian team’s down underperformance “a V-shaped" one.

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Communalising Muslim politics is dangerous for Bengal's social order | Arun (...)


Mainstream
Mainstream, VOL LIX No 6, New Delhi, January 23, 2021
Communalising Muslim politics is dangerous for Bengal’s social order | Arun Srivastav
Friday 22 January 2021
by Arun Srivastava
Brushing aside the suggestions of left and democratic parties, even the proposition of the CPI(ML) liberation, the CPI(M), big brother of the Indian Commuist parties has decided to enter into alliance with the Congress with the sole purpose of ensuring the defeat of Mamata Banerjee. The reason for opposing Mamata is debateable and cannot be justified from the Marxist point of view. It is the whim of some top state leaders of the party that prompted it to oppose Mamata, when the politics is taking a worse path in recent decades.

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