Twitter

Facebook

Youtube

Pintrest

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
More reforms on way; no serious threat of downgrade: P Chidambaram
Last Updated : 11 Oct 2012 04:23:10 PM IST
P Chidambap chidambaram, finance minister, economic reforms, down grading, s&p, standard and poorram
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".


Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Security Code :

Unexplained phenomena such as animals giving birth to creatures slightly resembling humans

What a couple gives as a gift to each other. What you guess is a rose, a diamond ring, a b

Always being under the gaze of the camera makes celeb mishaps all the more visible. Here i

Murder during sex-- its just unbelievable. But this is what happened in America when a tee

The world’s first bra which can only be unhooked with true love. Yes, you read it right.

This teenaged girl can't have sex or babies due to rare condition that left her without re

Arvind Kejriwal is the one politician who has the ability to take a joke. Kejriwal jokes i

Here is what to expect from the boldest ever episode of Koffee with Karan featuring Bollyw

There has been speculation in the past over a cold war between Shahrukh and Amitabh but th

We bring you some rare pix of Bollywood which, for sure, you must not have seen. Click and

Find out what our favorite Bollywood celebrity kids are up to ...

The new craze sweeping around the globe is naked yoga in the latest of fitness trends this

Taiwanese technology firm Asus has launched dual SIM tablet Fonepad 7 in India.


Samay Live

Samay Live

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

10.10.70.21