- Sunny Leone to romance Arbaaz Khan in 'Tera Intezaar'Shruti Haasan set for 'Sabaash Naidu' shootSeen great highs, lows and still soldiered onSachin launches clothing brand, Riteish walks the ramp for itGet picture-perfect smile with these simple tips!How can men get rid of pimplesKaran-Bipasha open to working togetherPoster of Vidya Balan's first Marathi film outTom Hiddleston in 'advanced talks' for 25th Bond movieMahesh Babu takes 'full responsibility' for 'Brahmotsavam' failure
India's tennis stars Leander Paes and Rohan Bopanna stormed into the quarter-finals of the
More reforms on way; no serious threat of downgrade: P Chidambaram Last Updated : 11 Oct 2012 04:23:10 PM IST File Photo
Promising more reforms initiatives in the next two years, finance minister P Chidambaram said that there was no serious threat of downgrade of the country's credit rating by Standard and Poor's.
"I don't think there is a serious threat of downgrade", he said when asked about his reaction to the recent threat of downgrade of India's credit rating to junk grade in 24 months by global agency S&P if more reforms measures were not implemented.
The minister, who was addressing a press conference on the sidelines of the IMF-World Bank annual meetings, said that there would be lot of action on the reforms front in the next 24 months, the timeline provided by the S&P.
The rating agency had in its report on Wedneday said that there was one-in-three likelihood of rating downgrade for India if "the country's economic growth prospects dim, its external position deteriorates, its potential climate worsens, or fiscal reforms slow".
The minister said, "(we will) convince them that India does not deserve a downgrade and in terms of growth and growth potential...India is way above most countries of the world".Source: IANS, Other Agencies, Staff Reporters
For Latest Updates Please-
Join us on
Follow us on
Post Your Comment (0 posted):
The makers of 'Banjo', starring Riteish Deshmukh and NargisFakhri have released the first
- Aamir praises Kannada film 'Thithi'
- SC rejects plea to cancel Pratyusha's boyfriend's bail
- WATCH: AIB's Lata-Sachin video sparks outrage
- Varun Dhawan unveils 'Dishoom' poster
- Sunny Leone to romance Arbaaz Khan in 'Tera Intezaar'
- Italian actor Giorgio Albertazzi dies.
- Riteish fulfills Madhuri's wish on TV show
- Karlie Kloss uses teaspoon to curl her eyelashes
The number of people in Britain who have tried e-cigarettes has almost doubled in just two
Virtual dog to teach robots to perform tasks intelligently
The 'World's Ugliest Dog' won a Hero Award for helping people with disabilities
Bones of ancient, extinct species of bison uncovered
Hundreds witness Mercury transit in Delhi, scientists in Srinagar disappointed
Leading astronomers to see 'Transit of Mercury' from Srinagar
In a bid to heat up the premium flagship smartphone segment, Taiwan-based company HTC on T