- India clinch series victory against SAMeet top Miss Supranational of 2015Sonnalli who missed 'Hate Story 3'Wedding album of Disha VakaniFilm Review: TamashaBipasha shares burnt marksIt will be a snowy Christmas for Ranbir-KatrinaPRDP enters 200 crore clubAll about Dimpy Ganguly's bacheloretteRanveer watched 'Tamasha' with Ranbir, Deepika
Ace Indian tennis player Sania Mirza is hoping to continue her good performance in the sec
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:PTI, Other Agencies, Staff Reporters
Post Your Comment (0 posted):
Having portrayed more of a spontaneous romantic hero on screen, actor Emraan Hashmi says h
Watch a taxi modelling on the ramp,Thailand's contestant will be wearing a tuk-tuk dress
The Power Electronics and Control unit company has developed mobile application "MassPark"