Government On S P S India Rating

Congress leader P Chidambaram on Tuesday took a swipe at the government over the rise in retail inflation and the unemployment rate, saying "let's enjoy the year-end gifts of the Modi government".

The government's claim of a "Diwali gift" - a small cut in petrol and diesel prices after weeks of steady hikes - has produced a sarcastic swipe from Congress MP P Chidambaram, who linked it to the ruling BJP's defeats in bypolls held last week for t

FY 2020/21 was "the darkest year of the economy in four decades" - one that left "most Indians poorer than they were two years ago" - Congress MP P Chidambaram said Tuesday, shredding the government over its handling of the nation's finances.

Senior Congress leader P Chidambaram today described as a wrong step based on "stupid advice" the government's decision to reduce interest rates on small saving schemes and demanded its rollback.

Former finance minister P Chidambaram rejected the ruling BJP's claim of achieving the highest growth rate under the NDA government on Saturday, saying it was based on "bogus numbers" produced by the Niti Aayog.

Congress leader P Chidambaram tweeted "Thank You Gujarat" after Finance Minister Arun Jaitley announced a big overhaul of new national tax GST on Friday. Hinting that the BJP government has timed the GST Rates review with an eye on next month's crucial elections in Gujarat, Mr Chidambaram said "...Your (Gujarat) elections did what Parliament and co...

Narendra Modi's attack on the UPA government on economic growth has the Congress and the BJP hurling statistics and words at each other this morning.

There is a case for the Reserve Bank of India (RBI) to cut policy rates, and the central bank should take comfort from the government's efforts to cut the fiscal deficit, Finance Minister P Chidambaram told a private TV channel on Monday.

Global ratings agency Standard & Poor's on Thursday pegged India's FY'14 GDP growth at 6.4 per cent, one of the most optimistic estimates among analysts, and said it may upwardly revise outlook on the sovereign rating if the government continues to focus on policy initiatives.

Finance Minister P Chidambaram faces a daunting task as he prepares to deliver his seventh Union Budget. Given that this is the last full Budget before the General Election (due in May 2014), there will always be that temptation to loosen the purse strings. Not that difficult a task but for the looming threat of a potential downgrade to India's sov...

India's growth rate for the fiscal year ending in March will receive a slight statistical boost due to a downward revision to 2011/12 economic growth, a senior government official said on Thursday.

Overseas portfolio investors have also been conditioned to low expectations for a government that has long disappointed on fiscal reforms - the key factor in whether or not India averts a ratings downgrade. Given its sizeable forex reserves and low overseas debt, a downgrade would not trigger financial turmoil.

The Bank of England's deputy governor, Paul Tucker, strongly denied suggestions on Monday that government ministers had pressured him to encourage banks to manipulate interest rates in a scandal gripping Britain's financial sector.

Fears of a rating downgrade and the possible fallout from a euro zone meltdown have forced a sense of urgency on India's beleaguered government.

Congress leader P Chidambaram on Tuesday took a swipe at the government over the rise in retail inflation and the unemployment rate, saying "let's enjoy the year-end gifts of the Modi government".

The government's claim of a "Diwali gift" - a small cut in petrol and diesel prices after weeks of steady hikes - has produced a sarcastic swipe from Congress MP P Chidambaram, who linked it to the ruling BJP's defeats in bypolls held last week for t

FY 2020/21 was "the darkest year of the economy in four decades" - one that left "most Indians poorer than they were two years ago" - Congress MP P Chidambaram said Tuesday, shredding the government over its handling of the nation's finances.

Senior Congress leader P Chidambaram today described as a wrong step based on "stupid advice" the government's decision to reduce interest rates on small saving schemes and demanded its rollback.

Former finance minister P Chidambaram rejected the ruling BJP's claim of achieving the highest growth rate under the NDA government on Saturday, saying it was based on "bogus numbers" produced by the Niti Aayog.

Congress leader P Chidambaram tweeted "Thank You Gujarat" after Finance Minister Arun Jaitley announced a big overhaul of new national tax GST on Friday. Hinting that the BJP government has timed the GST Rates review with an eye on next month's crucial elections in Gujarat, Mr Chidambaram said "...Your (Gujarat) elections did what Parliament and co...

Narendra Modi's attack on the UPA government on economic growth has the Congress and the BJP hurling statistics and words at each other this morning.

There is a case for the Reserve Bank of India (RBI) to cut policy rates, and the central bank should take comfort from the government's efforts to cut the fiscal deficit, Finance Minister P Chidambaram told a private TV channel on Monday.

Global ratings agency Standard & Poor's on Thursday pegged India's FY'14 GDP growth at 6.4 per cent, one of the most optimistic estimates among analysts, and said it may upwardly revise outlook on the sovereign rating if the government continues to focus on policy initiatives.

Finance Minister P Chidambaram faces a daunting task as he prepares to deliver his seventh Union Budget. Given that this is the last full Budget before the General Election (due in May 2014), there will always be that temptation to loosen the purse strings. Not that difficult a task but for the looming threat of a potential downgrade to India's sov...

India's growth rate for the fiscal year ending in March will receive a slight statistical boost due to a downward revision to 2011/12 economic growth, a senior government official said on Thursday.

Overseas portfolio investors have also been conditioned to low expectations for a government that has long disappointed on fiscal reforms - the key factor in whether or not India averts a ratings downgrade. Given its sizeable forex reserves and low overseas debt, a downgrade would not trigger financial turmoil.

The Bank of England's deputy governor, Paul Tucker, strongly denied suggestions on Monday that government ministers had pressured him to encourage banks to manipulate interest rates in a scandal gripping Britain's financial sector.

Fears of a rating downgrade and the possible fallout from a euro zone meltdown have forced a sense of urgency on India's beleaguered government.