Forced savings during lockdown to aid India's borrowings?

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THE ECONOMIC TIMESDaily Newsletter Thu, Jun 04, 2020 | 05:37 PM IST

#Coronavirus#EconomyTracker#Whatsbuzzing

Top stories of the day Forced savings during lockdown to aid India's borrowings: HSBC As India emerges from one of the world's longest shutdowns to check the pandemic's spread, Prime Minister Narendra Mo... India's path to world-beating growth just keeps getting tougher Amazon in talks to invest $2 billion in Bharti Airtel: Sources Google clarifies stand on app removals; says won't allow apps to target other apps IL&FS COO N Sivaraman decides to quit Double whammy for service companies: Required to pay GST on defaults, bad debts SC seeks FinMin's reply on waiver of interest on loans India, Australia sign pact on military bases access

Debate This Is India guilty of taking rating agencies too seriously? Moody's has downgraded India by a notch to Baa3. This almost-junk classification, which comes close on the heels of sub-optimal Q4 & FY20 GDP numbers, is being seen as a proof of the rating agency's disapproval of India's recent policy measures. A falling rating, coupled with virus trouble, can push the economy deep into the red. Is this downgrading fair on India?

SENSEX 33980.70 -128.84 NIFTY 50 10029.10 -32.45 USD/INR 75.56 0.08

Top Gainers NSE 5 companies (largecap) appreciated more than 5% IDBI Bank 9.87% InterGlobe Aviation Ltd. 9.07% More from Gainers Top Losers NSE 3 companies (largecap) price decreased more than -5% Chola Inv Fin -8.50% Bandhan Bank Ltd. -6.71% More from Losers

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Earnings scorecard shows worst profit slump in six years Profits at NSE Nifty 50 Index members fell about 15% last quarter from same period last year.... Bharti Airtel says "no activity" on report of stake sale to Amazon India ended up flattening the wrong curve, says Rajiv Bajaj The UK is on a collision course with China SC extends order of no coercive action against employers for non-payment of full wages Railways refunds Rs 1885 cr to passengers who booked tickets during lockdown View: It's always sunny in India's renewable power market Covid impact on business not 'materially adverse' so far: Nestle India A 'retracted' study on HCQ exposes perils of hasty trials Construction firms wooing migrant workers with air tickets, sops Why are Chinese and Indian troops scuffling along a river bed?

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Top Slideshow Nations compete in the Covid vaccine race Top Video India in a draconian lockdown: Rajiv Bajaj

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