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Wednesday, June 17, 2020

Fitch revises India's outlook to -ve from stable

Fitch Ratings on Thursday revised India's outlook to 'negative' from 'stable', stating that the coronavirus pandemic has significantly weakened growth prospects for the year and exposed the challenges associated with a high public-debt burden. Earlier, Moody's had downgraded India's sovereign rating by to lowest investment grade of 'Baa2' for the first time in 22 years.

from Times of India https://ift.tt/3djmaXT

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BJP’s Rajya Sabha strength falls below 100; may rise soon

A month after touching the mark of 100 seats for the first time in Rajya Sabha, BJP’s numerical strength has come down to 95 as five of its ...