DCR LOWERS INDIA OUTLOOK TO NEGATIVE
Article Abstract:
Duff & Phelps Credit Rating (DCR) has downgraded its outlook on India to negative from stable in view of a substantial fiscal slippage and the prospect of deteriorating balance of payments in the years to come. India's long-term foreign currency reserves have been rated BBB- while its long-term local currency reserves have been rated BBB+ by DCR. It feels that the budget of the Government of India for 1998-99 and its 5.6 percent deficit target are not in line with its projections of narrowing fiscal balances. The imposition of sanctions on the country will also affect its balance of payments. (khr)
Comment:
Downgrades its outlook on India in view of a substantial fiscal slippage & prospect of deteriorating balance of payments
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
EICON TO SPREAD KNOWLEDGE ON WAN SOLUTIONS IN INDIA
Article Abstract:
Eicon Technology Corporation (ETC) of Montreal plans to conduct seminars and workshops in India to educate people on wide area networking (WAN) solutions. The first such series of seminars on networking will commence at Bangalore in January 1999. It plans to become a top ISDN vendor. It entered the Indian market in 1993 in collaboration with Apcom Computers. (nr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
SONY INDIA DONATES Rs1.57 LAKH TO CRY
Article Abstract:
Sony India Ltd has donated Rs1.57 lakh to Child Relief and You (CRY). Sony India had recently conducted an exhibition, Sony Vision at Kanteerava Indoor Stadium in Bangalore. It has donated the entire ticket money collected to CRY. (rk)(vr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: FAR FROM DIALING THE RIGHT NUMBER TO CHEER TELECOM MOTOROLA TO SET UP WIRELESS SOLUTIONS UNIT IN HYDERABAD. RIL ALLOWED TO ENTER GLOBAL MOBILE TELECOM
- Abstracts: AUROFOOD TO GO NATIONAL WITH NEW DISTRIBUTION SYSTEM UNITED BISCUITS TO ENTER INDIA. GCMMF SPLITS DHARA DISTRIBUTION FROM AMUL
- Abstracts: STATE BANK OF INDIA: VENTURING INTO NEW AREAS BANK OF INDIA GLOBAL TRUST BANK: BRIGHT OUTLOOK
- Abstracts: NESTLE INDIA NET UP 16%. HLL TO REVAMP DISTRIBUTION TO PUSH RURAL REACH
- Abstracts: SHAMKEN MULTIFAB - RELUCTANT TO SHARE BENEFITS. THE SEASON OF HUFFING AND PUFFING. WELSPUN SYNTEX - PUFFING INTO GREATER SHAPE