States Doling Out Competitive Subsidies On Brink Of Fiscal Collapse: Report

The report mentions that what is worrisome is that most states, which also include Delhi, tend to fund subsidies, which are mostly non-merit ones, by compressing the capex, due to competitive politics

India Ratings Pegs FY22 GDP Growth At 8.6% On Data Revision

According to an India Ratings analysis, NSO is likely to peg the FY22 real gross domestic product growth at Rs 147.2 lakh crore. This translates into a GDP growth rate of 8.6 per cent, down from 9.2 per cent forecast in the first advance estimate released on January 7, 2022

Ind-Ra Pegs States' Fiscal Deficit At 3.6%

The upward revision is due to the better-than-expected growth in revenue receipts and higher growth in the nominal GDP in FY22, India Ratings said in a note on Friday

Budget's MGNREGA Spend Cut Perplexing: India Ratings

Amid widespread welcoming of Finance Minister Nirmala Sitharaman's Budget for its 35 per cent increase in capital expenditure, India Ratings said the focus is on less employment-intensive sectors like roads and long gestation projects.

Vaccinating Everyone Above 18 Yrs To Cost Just 0.36% Of GDP: India Ratings

India Ratings calculated that this 'may cost Rs 67,193 crore, of which the Union government will incur Rs 20,870 crore and state governments together will incur Rs 46,323 crore'.

Crisil, Ind-Ra Upgrade Yes Bank's Bonds On Improved Liquidity

Ind-Ra expects the bank to continue improving its operating metrics and liability profile over the next few quarters as it continues making provisions for Covid-19 related impact on its portfolio.

India Ratings Downgrades Yes Bank To A, Places On RWN

The agency has simultaneously placed the ratings on rating watch negative (RWN). The outlook on earlier rating was negative.

11 States May See Rs 9,500 Crore Revenue Loss This Year Under GST

All states combined will grow at a CAGR of 16.6 per cent in FY18 over FY16 under the new goods and services tax regime

Fitch Keeps India's Sovereign Rating Unchanged

Global rating agency Fitch Ratings has kept India's sovereign rating unchanged at 'BBB-' — the lowest investment grade — with a stable outlook, citing a 'weak fiscal position and difficult business environment'

Broad-based Recovery In Earnings Unlikely In FY'18, Says Report

Broad-based recovery in earnings for the private sector in the current fiscal is unlikely, as fall in operating performance of weak entities would drag down the overall earnings before interest, tax, depreciation and amortisation growth, says a India Ratings report.

India Ratings Maintains Negative Outlook On Infrastructure Sector For FY18

Domestic rating agency India Ratings and Research has maintained a negative outlook for the infrastructure sector for FY18, and on Tuesday said the negative outlook on the three heavyweight sub-sectors toll roads, thermal and wind continues to pull the overall sector outlook down

Food Scam Adds To Punjab's Already 'Precarious' Fiscal: India Ratings

According to the rating agency, even though Punjab has hit headlines recently on financial issues, liquidity crunch has been a "perennial problem" for the state.

RBI To Stay On Hold Until 2016-end, Says Nomura

Reserve Bank is likely to hold the pause button until the end of this year, largely because of inflationary pressures, a Nomura report has said

Exports To Remain Under Pressure In New Year: India Ratings

India's export sector will continue to remain under pressure in the new year hit by depressed commodity prices and a sharp fall in the euro, India Ratings (Ind-Ra) an arm of the global rating agency Fitch said

India Ratings Retains Negative Outlook On Shipping Sector