Flash News Ready to do the final act, No Trust way, says AP CM      5 workers killed, 11 injured in explosion in Cochin Shipyard      Prithviraj congratulates Nivin Pauly      CM calls for attendance of Cabinet colleagues      Call for defeating BJP and allies      RSS can prepare an army within three days: Mohan Bhagwat      The Centre aims to increase number of foreign tourist arrivals dramatically      Budget:Thrust on farm and rural sectors, new health insurance scheme      Create job opportunities by hooks or crooks      Real estate and construction sector can create jobs     
Bookmark and Share
Oj Corner
Special column
by OJ George

Create job opportunities by hooks or crooks
India's youth are in a churning process bitten by absence of adequate job opportunities.

Educated youngsters are a disappointed lot as they can't find jobs.
In America, the Gulf countries and almost elsewhere doors are getting closed day by day. Every country is providing for its own citizens.

We must not look askance at the gigantic problem
Full Story
SHARE MARKET WATCH
 
 
Add your Comment comment
Standard and Poor's maintains same sovereign rating
S&P Global Ratings today kept India's sovereign rating unchanged at 'BBB-' with stable outlook, citing vulnerabilities stemming from low per capita income and high government debt balances strong GDP growth. After Moody's recent upgrade, there were expectations that S&P may upgrade India's sovereign rating.

"Despite two quarters of weaker-than-expected growth, India's economy is forecast to grow robustly in 2018-2020 and foreign exchange reserves will continue to rise. Nevertheless, sizable fiscal deficits, a high net general government debt burden, and low per capita income detract from the sovereign's credit profile," S&P said.

Moody's Investors Service had last week upgraded India's sovereign credit rating for the first time in nearly 14 years, saying continued progress on economic and institutional reforms would boost the country's growth potential. Moody's lifted India's rating to Baa2 from Baa3 and changed its rating outlook to stable from positive, saying that risks to India's credit profile were broadly balanced.


The Indian stock market and the rupee have rallied since Moody's upgrade. Last month, the World Bank had moved India up 30 places in its annual ease of doing business rankings.

S&P said that "upward pressure on the ratings could build if the government's reforms markedly improve its net general government fiscal out-turns and so reduce the level of net general government debt. Upward pressure could also build if India's external accounts strengthen significantly."

However, the rating agency warned that downward pressure on the ratings could emerge if "GDP growth disappoints, net general government deficits rose significantly; or if the political will to maintain India's reform agenda significantly lost momentum."
   
Other News in this category
WEATHER UPDATES


 
 
© 2009 OjNewsCom all rights reserved