Why did FITCH downgrade USA's rating? What were the prime factors? How will it effect the Middle class across the world?
4 Aug 2023Fitch Ratings downgraded USA's credit rating from AAA to AA+. What does that mean and what effect does it have on any economy? What is the job of credit rating agencies? #fitchratings #credit #creditrating #fedreserve #joebiden #janetyellen #debt #debtceiling #moody #standardandpoors #bond #AAA #AA+
4 Aug 2023Fitch Ratings downgraded USA's credit rating from AAA to AA+. What does that mean and what effect does it have on any economy? What is the job of credit rating agencies? #fitchratings #credit #creditrating #fedreserve #joebiden #janetyellen #debt #debtceiling #moody #standardandpoors #bond #AAA #AA+
2 Aug 2023Why did FITCH downgrade USA's credit rating? What were the prime factors? How will it effect the Middle class across the world? MINT explains
2 Aug 2023The International Monetary Fund (IMF) has once again increased growth outlook for India to 6.1%. This is a 0.2% increase from the earlier 5.9%. The IMF report is based on strong domestic investment, and strong growth in the last quarter of 2022. Regarding China, IMF maintained a growth rate of 5.2% but mentioned that the troubled real estate sector might effect this composition and output.
26 Jul 2023The rating downgrade reflects adverse impact of reduced passenger traffic and airport revenue in the current fiscal year ending March 2022 due to surge in daily infection numbers since late March
1 min read12 Jun 2021Moody's Investors Service said that this event marks the first time that an Indian bank has written down Basel III tier 2 securitiesThe write-down of Basel III compliant securities is consistent with the approach regulators use globally to minimize the cost of a bank bailout to taxpayers, it added
2 min read2 Dec 2020Moody's lowered the rating to 'Aa3' from 'Aa2,' putting Britain on the same level as Belgium and the Czech Republic
1 min read17 Oct 2020The new stimulus measures, which includes cash payments to government employees and interest-free loans to states aims to boost consumer spending during India’s festive season and to increase capital expenditures
2 min read15 Oct 2020Lacking a new public debt law, the govt has been unable to borrow since a debut Eurobond in 2017Liquid assets there are close to being depleted, forcing the Finance Ministry to push through other measures to meet spending needs
2 min read23 Sep 2020The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared