Moody's upgrades India's rating citing government reforms
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Moody’s upgrades India’s rating citing government reforms
The cost of international borrowing will now become cheaper for Indian government and Indian corporates
The move will also improve the sentiment in the equity markets
The upgrade comes as a major boost to govt which has been under fire for the fallout of GST and demonetisation
https://timesofindia.indiatimes.com/business/in...
So means good days have been certified now – we all are happy and prosperous
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people are confused between similar name – moody and modi .. 
.
btw indian economists are saying gst and demo caused loss , while imf , world bank , now moody praising both these moves ..
..
ab inme se ek to juth bolra h ,, conclusion – sab milke pagal bnare h koi kuch bolra h koi kuch .
.
upar se jo gst kam kia , to restro wale chor nikle 
man to karta h karni sena ko bolke 2-4 mcdonalds store and 4-5 starbuck outlets bhi tudwa dalu ..
Definitely this is a great acknowledgement by Moody’s. The rating upgrade is done after 14 years. Previous upgrade was during vajpayee’s term.
yes only Bhajapayee and Moody have done great work and uplifted India
Acche din aa gaye thanks to Modiji and Moodyji
And just to give some critical fodder to Bhakts for fun sake 
:
1) During May :
‘Egregious’ and ‘compromised’: Indian government feels ratings firms like S&P and Moody’s are biased
https://scroll.in/article/837666/egregious-and-...
Now we don’t think that they are compromised?
http://in.reuters.com/article/india-ratings-moo...
during 2005-2008, and you’ll find out that these ratings agencies took bribes to artificially inflate the ratings of finanical products that were known to fail. These products were sold to pension funds who were under assumption that they’re rock solid investments, which they were not.
A lot of people lost their life worth of retirement savings all because of moody’s and snp’s greed.
2) Nobody is saying that GST is a bad thing. Implementing GST will definitely raise our ranking in Ease of Doing business and other statistics next year as well. This achhe din government is being criticised for the shoddy implementation and complicating an easy tax structure.
3) Sadly we don’t have Sharmaji ke bete wale Sanskaar. We are celebrating B grade
This should be the news of the Year 2017…. Moody upgrades to MODI
Serious Question :
With reduced interest rates : Does this mean that our Oligarchy will be able to borrow more on the principle " Borrow via public banks, then declare bankruptcy and let tax payers and gov bail you out"?
might be a possibility also to boost real estate transaction so that people buy homes on loans
Instead of passing on lower oil prices to ease the burden on Indian society, the Modi government increased taxes to meet its fiscal deficit commitments and satisfy the demands of global investors.
Since June 2014, when international oil prices started declining, India has increased its excise duties [production tax] from Rs 15.5 per litre to Rs 22.7 per litre as of December 2016 for branded petrol and from Rs 5.8 per litre to Rs. 19.7 per litre for branded diesel… The increase in petrol tax has been over 150% in India.
The tragedy of globalisation and of economic reforms is that instead of counter-cyclically stimulating the economy through expansionary fiscal and monetary measures, a democratically-elected government is more concerned with squeezing employment and growth, and using any available and regressive means to increase revenue to maintain the fiscal deficit – all in order to appease global capital markets.
The above is copy-pasted from this article:
https://thewire.in/109891/oil-cost-indian-ec...y/
Has maintaining fiscal deficit by over-taxing petroleum products affected Moody ratings?
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such a good news and no comments…. what happened????
