Since when Moody has Drawn its Economic Report on a Status, Whether the People Want to Eat Beef or Not. ?

India Honest is astonished, how TOI cooked up AND AUTHENTICATED PREDOMINANTLY a story in the name of Moody, the credit rating agency  ? 

The Moody's Analytic's report was said to be prepared by Faraz Syed, ( may be a hard core supporter of beef) an economist with Moody's Analytics, a research firm is said to be associated with Moody. 

This unknown research firm, whose parent are assumed to be running global rating agency Moody's, said controversial comments from various party members amid the raging beef controversy is not helping the government.

The big surprising question is since when Moody has drawn its economic report on a status, whether the people wants to eat beef or not. 

Next time ,will it be based on pork ? 

Is not this an interference in our people's social and religious belief by Faraz Syed,an unknown nationality ?

Controversial comments by BJP members could derail reforms: Moody's

Mayur Shetty, TNN | Oct 30, 2015, 02.01PM IST

MUMBAI: Controversial comments by Bharatiya Janata Party members could end up stalling reforms by generating stiff opposition for the government in the Rajya Sabha where it lacks majority, a report by Moody's Analytics said. The report added that the Prime Minister needs to keep his members in check or risk losing domestic and global credibility.

The report spoke about fading sentiments in the financial markets and strong external headwinds hurting Indian exporters. It has also highlighted the need for better political outcomes to help India achieve its reforms goals.

"Looking beyond the business cycle, the government's reform agenda needs attention to achieve long-term growth. Prime Minister Narendra Modi's right-leaning Bharatiya Janata Party does not have a majority in the upper house to pass crucial reforms and has been met with an obstructionist opposition," said Faraz Syed, an economist with Moody's Analytics, in a report titled 'India Outlook: Searching for Potential'.

NDTV echoed the same : Moody's Analytics on Friday cautioned Prime Minister Narendra Modi that the country may lose domestic and global credibility if he doesn't rein in the members of the ruling BJP.

The research firm, whose parent runs global rating agency Moody's, said controversial comments from various party members amid the raging beef controversy is not helping the government.

"While PM Modi has largely distanced himself from the nationalist gibes, the belligerent provocation of various Indian minorities has raised ethnic tensions," said Moody's Analytics.

Bishal Dev Rishi :   moody's report finds space on the front page with boldest headlines----another glaring example of presstitute's anti modi approach!!did this country have no significant news other than this??is it only akhlaq killed since 1947??we all remember very well when the news of india being one of the top corrupt nations in the world used to get a small space in back pages under the congress/pseudosecular regimes!!whom do you want to befool??ghar wapasi was inflated beyond proportions for influencing kashmir election and now award returns,beef,and akhlaqs are being used to influence bihar!! these antinationals are highly insecure under this regime thus going berserk !!

SURPRISINGLY THE ECONOMIC REPORT AVAILABLE BELOW HAS NO MENTION OF SUCH COMMENTS.

Is Indian Leadership Taking the Deep Rooted Economic Crisis Seriously ?

Narendra Modi today attacked the government for the free fall of rupee , as it continued its slide and slumped to a record low today, breaching the 64-mark against dollar. He argued,"The country is disappointed today because the government is neither concerned about the economy nor the falling rupee the Centre for "saving its chair" and not the economy."

More astonished with Congress leaderships silence, Modi said,"We never thought such a huge economic mess would be created. It's a grave concern and reflects lack of confidence in the leadership," .

Rating agency Moody's said that India is at the lowest investment-grade sovereign rating. The agency pinpointed that while the rupee depreciation was a new variable for the economy, the factors underpinning it have been incorporated in its investment grade rating for India.

High Current Account Deficit is the main reason that has continuously impeded all efforts of government in arresting the fall of rupee. India posted a record current account deficit of 4.8 percent of GDP in this March,and in spite of such precarious condition  the Government’s subsequent failure to explore new ways has led to poor growth of exports.

Despite all the decisions to allow major reforms in India, the government has failed to tap major FDI inflow in the country. Instead, India has witnessed withdrawal of major projects by global giants, as even the overseas investors have pulled out nearly $ 3 billion from the Indian capital markets in July 2013 only.

The government lacked cohesive policy efforts , with internal bungling of coalition alliance politics and non supportive opposition making charge of unsolved corruption cases and nepotism led to lack of confidence  in the government by the investors. Further inordinate delays in decision making, land acquisition problems, government agencies' clearance delays, lack of promptness have all contributed to the withdrawal of major foreign investors, while last year Indian companies spent more overseas than Foreign Investors in India.

Rising import bill, with major contribution from gold and oil, curtailed government’s effort to tackle the fall of rupee. A restriction on Gold,which contributed more than 10 percent of the total import bill, was too late and too little.

The poor to dismal economic growth in the manufacturing with industrial production in June contracted by 2.2 % , agricultural and mining sector has badly dented investor sentiment and they have become wary of investing in India.

This is a reflection of persistent slowdown, with rising unemployment along with contrasting rising inflation, reducing savings growth, reduced hope with no new investment , low investor confidence with consistent policy paralysis.

Yes the thought, advice, caution and anger of opposition party BJP's leader Modi is heartening and nationalistic, but again this is only our India not USA, where opposition bills and advice or opinion are accepted in true sense and legislation are made. But here the political leaders cannot sit together  and talk for one hour even in Parliament. How one can hope that one leader will sermon another leader and he will accept that , when most are playing pure vote bank politics nearer to the election, when every one is planning how to downgrade the opposite competitor in the eyes of public. No advice will be accepted  with open heart.

The question is that the ruling party Congress' leadership consisting of Economist Prime Minister Manmohan Singh ; UPA chairperson Sonia Gandhi ; Learned Finance Minister P Chidammberm and Planning vice chairman Aahaluwalia accept the seriousness of the ever rising economic mess; are they have sufficient time, opportunities, will and motivation to handle this serious crisis, as the resolution of this may effect the future of Indian economy and people for considerable period of time in near future. There are serious doubts being casted by the Indian intellectuals, socialists, economists and of course the politicians .

Moody's Pushed India to Lowest Investment- Grade Sovereign Rating.

Rating agency Moody's said that while the rupee depreciation was a new variable for the economy, the factors underpinning it have been incorporated in its investment grade rating for India. India is at the lowest investment-grade sovereign rating. Prime Minister Manmohan Singh's weak coalition government, heading into national elections by next May, has been hamstrung from pushing through reforms to attract more long-term capital. 

The rupee's plunge adds to worries about India's ability to fund a record high current account gap and whether Finance Minister P. Chidambaram will be able to meet his goal to pare the fiscal deficit to 4.8 percent of gross domestic product (GDP) this fiscal year.

Analyst Atsi Sheth said, "We believe that meeting the fiscal deficit target will be very challenging this year, given lower than anticipated growth holding back revenue growth and steep rupee depreciation raising the subsidy bill on imported goods,".

Gujarat Chief Minister Narendra Modi today attacked the government for the free fall of rupee against the US dollar, saying the Centre is not concerned about the economy. Terming the leadership as direction less, he said, "The country might have never imagined that it would face such an economic crisis. But when leadership during such a crisis is direction less, then hopelessness increases. The Centre has not taken any step to install confidence among people."