Business

Demonetisation bound to boomerang on the BJP

By Praveen Rai The Nov. 8 declaration by Prime Minister Narendra Modi to demonetise the economy was a bolt from the blue widely hailed by many Indian citizens. The BJP was quick to jump on the bandwagon and call it a ‘masterstroke’ that would redeem the party’s election promise in 2014 to end black money in the country. Demonetisation included ...

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How India lobbied Moody’s for ratings upgrade, but failed

By Aditya Kalra and Rajesh Kumar Singh | NEW DELHI India criticised Moody’s ratings methods and pushed aggressively for an upgrade, documents reviewed by Reuters show, but the U.S.-based agency declined to budge citing concerns over the country’s debt levels and fragile banks. Winning a better credit rating on India’s sovereign debt would have been a much-needed endorsement of Prime ...

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