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Moody's Investors Service upgraded India's sovereign bond rating after a gap of 13 years

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Business Standard
Last Updated : Nov 19 2017 | 10:37 PM IST
India got a big boost from global credit rating agency Moody’s Investors Service on Friday when it upgraded India’s sovereign bond rating after a gap of 13 years. 

At the press conference to announce the development, a senior minister was asked what the government proposed to do about land and labour that continue to be a problem and that the Bharatiya Mazdoor Sangh (BMS) was protesting their lot near the North Block at that precise moment. 

Unfazed, the minister said he was slated to meet BMS members in a few hours and would apprise them of the Moody’s report.
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