Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Govt 'not a lame duck' after DMK pullout: Kamal Nath
NEW DELHI |
NEW DELHI (Reuters) - Parliamentary Affairs Minister Kamal Nath said on Wednesday the government was "not a lame duck", a day after the DMK withdrew from the ruling UPA coalition in protest against New Delhi's position on a U.N. resolution on Sri Lanka.
"We are not a lame duck government, we are absolutely stable," Nath said at a press conference.
"No political party has come out and challenged the majority of this government."
The withdrawal of the Dravida Munnetra Kazhagam (DMK) could hamper the government's efforts to rein in the budget deficit, spur growth in Asia's third-largest economy and stave off the threat of a downgrade by global credit ratings agencies.
(Reporting By Annie Banerji; Editing by Ranjit Gangadharan)
- Tweet this
- Share this
- Digg this