{"id":35840,"date":"2018-11-01T11:58:47","date_gmt":"2018-11-01T06:28:47","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=35840"},"modified":"2018-11-01T11:58:47","modified_gmt":"2018-11-01T06:28:47","slug":"centre-pings-rating-agencies-on-economy-in-upgrade-push","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/centre-pings-rating-agencies-on-economy-in-upgrade-push\/","title":{"rendered":"Centre pings rating agencies on economy in upgrade push:\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/centre-pings-rating-agencies-on-economy-in-upgrade-push\/article19423091.ece\"><span style=\"font-weight: 400;\">Centre pings rating agencies on economy in upgrade push<\/span><\/a><span style=\"font-weight: 400;\">:\u00a0<\/span><\/p>\n<p><b>Context<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">The finance ministry has begun interacting with global rating agencies through teleconferences and e-mails on a more regular basis to give clarifications and updates regarding the economy.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">This is done so to convey India\u2019s pitch for a sovereign rating upgrade better.<\/span><\/li>\n<\/ul>\n<p><b>India on FDI<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">India has done commendably well on attracting foreign direct investment (FDI).<\/span><\/li>\n<li><span style=\"font-weight: 400;\">But for some reason, its sovereign credit rating has not improved owing to unfavourable debt and deficit indicators.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The information was provided by the Department of Industrial Policy and Promotion (DIPP) to the Parliament\u2019s Standing Committee on Commerce.<\/span><\/li>\n<\/ul>\n<p><b>Committee\u2019s statement<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">The committee had asked the government to explain the rationale behind rating agencies flagging \u2018low private investments\u2019 as a constraint towards raising the country\u2019s rating and whether high FDI flows are not sufficient to improve the country\u2019s business outlook.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The government also informed the committee that it had taken several steps to improve India\u2019s sovereign credit rating, including introduction of a structural interaction process with rating agencies.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Centre pings rating agencies on economy in upgrade push:\u00a0 Context The finance ministry has begun interacting with global rating agencies through teleconferences and e-mails on a more regular basis to give clarifications and updates regarding the economy. This is done so to convey India\u2019s pitch for a sovereign rating upgrade better. India on FDI India&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/centre-pings-rating-agencies-on-economy-in-upgrade-push\/\">Continue reading <span class=\"screen-reader-text\">Centre pings rating agencies on economy in upgrade push:\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-35840","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704775359},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=35840"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35840\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=35840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=35840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=35840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}