Moody's, which has a 'Baa3' rating with a positive outlook, said evidence of policymakers working towards a faster fiscal consolidation, reducing the debt-GDP ratio and addressing infrastructure and monsoon volatility challenges will determine an upgrade, going forward.
"US businesses still find it difficult to do business in India due to an inconsistent regulatory environment, systemic infrastructure bottlenecks, lack of transparency and uncertainty in corporate governance rules," Assistant Secretary for Global Markets in the US Department of Commerce, International Trade Administration Arun Kumar said here.
Rituparna Bhuyan of CNBC-TV18, quoting sources said that the joint parliamentary panel may seek extension of tenure on this issue.
Hinting at a possible consensus on land acquisition bill, Finance Minister Arun Jaitley today said the government is making efforts in that direction so that it could be taken up in the upcoming Winter Session.
Adrian Mowat, JPMorgan's chief Asian and emerging market equity strategist, says in the near-term, China, Taiwan and Korea are likely to perform better than India
The NDA version of the Land Act had sought to exempt five types of projects from these clauses, but lack of support in the Rajya Sabha means any version of the bill passed now will be closer to the UPA‘s original bill passed in 2013 than something more growth-friendly or radical.
The Joint Committee of Parliament examining the land acquisition bill on Monday got an extension of four more days to submit its report on the controversial legislation
With less than a week left for the RBI's next monetary policy, Moody's on Thursday said there is room for rate cut and expressed hope that the central bank would reduce it by 0.25 percent to push growth.
A move by the government to amend the Land Acquisition Bill to give flexibility to the states to frame their own laws in a bid to break the prolonged impasse was slammed as a "new kind of conspiracy" at a public hearing organised on Friday by a union of various farmers' bodies.
As far as Infosys goes, despite the good numbers reported by the company, it did well on the bourses due to subdued earnings expectation, says Sachin Shah, fund manager, Emkay Investment Managers.
Anil Padmanabhan, Deputy Managing Editor, MINT says the battle is half won but implementation of the GST Bill, deciding upon the compensation levels and increase in the rate will remain a cause of worry.
Details of the political master stroke by the Modi government to get around the opposition not letting it pass the land acquisition bill.
Sanjay Dutt of Quantum Securities says domestic consumption and capital goods stories such as Maruti, BHEL and L&T are unlikely to outperform hereon. He advises investors to bet on contrarian positions.
In an interview with CNBC-TV18, Niranjan Hiranandani, managing director, Hiranandani Group said that government does not have a choice and will make modifications for states with inadequate land bank.
Social activist Anna Hazare on Wednesday said he would launch an indefinite fast on October 2 in Delhi over the controversial Land Acquisition Bill and press for speedy implementation of One Rank One Pension (OROP) for defence personnel.
Arvind Sawant, MP, Shiv Sena and Rajeev Gowda of the Congress spoke to CNBC-TV18's Shereen Bhan on whether they think the impasse on Land Bill is likely to continue or they see a break through soon.
The Centre has exempted itself from 13 clauses relating to acquisition of land, critical among which are the consent clause, social impact assessment (SIA) and Right to Food. However, these three clauses are binding on the states when they want to acquire land for developmental work, and this was slowing land acquisition, the chief ministers said
Addressing a press conference in the national capital following the Niti Aayog meeting chaired by Prime Minister Narendra Modi, Union Finance Minister Arun Jaitley claimed that several Chief Ministers had earlier agreed the land bill amendments.
While all Congress chief ministers remained absent from the meeting, it was attended by Delhi Chief Minister Arvind Kejriwal and Jammu and Kashmir CM Mufti Mohammad Sayeed, among others.
"The Prime Minister will chair second meeting of Governing Council of NITI Aayog tomorrow morning at 7, Race Course Road," a Prime Minister's Office's statement said.
Prime Minister Modi has convened the meeting to discuss the Land Acquisition Bill, which the Centre has struggled to pass in the Rajya Sabha.
Currently, the market is supported by strong domestic flows, which are likely to continue going forward too, said Nilesh Shah of Kotak Mahindra Mutual Fund.
Last week, RBI Governor Raghuram Rajan said after the initial burst of volatility if the Greece situation worsened, investors would start differentiating among markets. Rajan said the India story continued to remain good because of good macro policies, healthy growth relative to other economies and adequate forex reserves
Amid the likelihood of a stormy Parliament session, Finance Minister Arun Jaitley today made a strong case for passage of GST and land acquisition bills saying they were necessary to create jobs and remove poverty.
In Derek O Brien's view it will be impossible for the government to pass the Land Acquisition Bill in Rajya Sabha during the monsoon session.