R&I, Indian government to discuss ratings review
The Dollar Business Bureau As a part of the annual practice of reviewing India’s credit rating system, Japan’s credit rating agency, Ratings and Investment Information (R&I) will be holding discussions with the senior officials of the Finance Ministry on Monday. R&I had given a “BBB” investment grading to India last year, for its ‘stable’ outlook, marking the sufficient credit worthiness of the country. However, the agency specified that India needs to focus on specific factors considering the changing environment globally. A Finance Ministry official said, “The representatives of R&I are coming to India for consultations. The ministry will showcase the steps being taken to contain fiscal deficit and promoting growth on sustained basis.” R&I, is a Japan based rating agency with its headquarters in ...
India, Japan ink pacts on bullet train, nuclear energy
The Dollar Business Bureau India and Japan on Saturday inked more than a dozen of key agreements in the areas including bullet train, defence, civil nuclear energy and healthcare and expressed their commitment to further bilateral economic cooperation. Japan’s Prime Minister Shinzo Abe, who is on a three-day visit to India, held bilateral talks with the Prime Minister Narendra Modi and discussed a range of domestic, economic and global matters of mutual interest. “The memorandum we signed on civil nuclear energy cooperation is more than just an agreement for commerce and clean energy,” Modi said addressing the media after the meeting. The agreement in defence was aimed at enhancing defence and security cooperation between the two nations by exchanging and ...
