Ratings agency Moody’s downgraded India’s long-term issuer and Indian local currency ratings from Baa2 to Baa3, maintaining a negative outlook, citing a prolonged period of weak growth and further deterioration in the government’s budget situation. Baa3 is the second lowest investment rating…
read moreThe IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) survey says that Indian manufacturing activity contracted in May due to weak demand and logistical challenges. The decline was slightly slower than the historic contraction in April i.e the manufacturing PMI was only…
read moreThe Union Cabinet, chaired by Prime Minister Shri Narendra Modi, met on Monday, June 1, 2020. During this meeting, historic decisions were made that will have a transformative impact on the lives of Indian farmers, the MSME sector and those who work…
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