Reform measures undertaken by the government to accelerate growth and address fiscal and supply side constraints will determine India's sovereign credit profile, rating agency Moody's said. The declining inflation also calls for a policy rate cut to boost investments, it added.
The Union Cabinet cleared the establishment of the New Development Bank for funding infrastructure and development projects in the BRICS countries. It also cleared the BRICS Contingent Reserve Arrangement which is meant to provide short-term liquidity support to the members in case of a Balance of Payments Crisis.
Reform measures undertaken by the government to accelerate growth and address fiscal and supply side constraints will determine India's sovereign credit profile, rating agency Moody's said. The declining inflation also calls for a policy rate cut to boost investments, it added.
The Delhi government slashed power tariff by 50% for consumption up to 400 units per month which will benefit around 90% of the Delhiites in the city. The decision was taken at a Cabinet meeting presided over by Chief Minister.
The Union Cabinet cleared the establishment of the New Development Bank for funding infrastructure and development projects in the BRICS countries. It also cleared the BRICS Contingent Reserve Arrangement which is meant to provide short-term liquidity support to the members in case of a Balance of Payments Crisis.
Reform measures undertaken by the government to accelerate growth and address fiscal and supply side constraints will determine India's sovereign credit profile, rating agency Moody's said. The declining inflation also calls for a policy rate cut to boost investments, it added.
The Delhi government slashed power tariff by 50% for consumption up to 400 units per month which will benefit around 90% of the Delhiites in the city. The decision was taken at a Cabinet meeting presided over by Chief Minister.
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