Credit flow is likely to return to the NBFCs once the asset-liability mismatch has been tended too, with banks, meanwhile, likely to come back to the fore," said economist Rao at DBS group research
India has to compare its tax rates not with the more developed economies but with the ones that are closer home
Singh had recommended the fiscal road map for the Centre and states
The CSO in its latest forecast, has pegged GDP to grow at a rate of 7.2% for 2018-19
Liabilities of states that opted for UDAY may increase
Moody's Investors Service could consider upgrading India's sovereign rating if the government's planned fiscal consolidation is faster than its expectations, Marie Diron, a senior vice-president at the agency's Sovereign Risk Group told Reuters on Thursday.However, if the government slowed its fiscal consolidation plans or faltered on its reform implementation, the ratings agency would stabilise the rating at the current "Baa3," Diron said."What would potentially trigger an upgrade would be a faster progress in fiscal consolidation than we are currently expecting," Diron said in a telephone interview from Singapore. The ratings agency currently rates India at 'Baa3', the lowest investment grade rating, with a 'positive' outlook. Diron added Moody's was focussing on the credibility and effectiveness of the country's monetary policy framework more than on who the central bank governor was when asked about the re-appointment of the Reserve Bank of India Governor Raghuram Rajan to a second