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Moody's cuts India's GDP growth forecast to 5.6 per cent for 2019

Thursday, November 14, 2019, 4:59 PM

Moody's Investors Service on Thursday slashed India's economic growth forecast to 5.6% for 2019, saying government measures do not address the widespread weakness in consumption demand. "We have revised down our growth forecast for India. We now forecast slower real GDP growth of 5.6% in 2019, from 7.4% in 2018," it said. "India's economic slowdown is lasting longer than previously expected."
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India, Russia to hold 1st Bilateral Regional Forum for states in 2020

Thursday, November 14, 2019, 4:58 PM

India and Russia will hold their maiden Bilateral Regional Forum at the level of Russian Provinces and Indian States be held next-year to dismantle the barriers of trade at regional-level. This was decided at a meeting between PM Modi and President Vladimir Putin in Brasilia on the sidelines of BRICS Summit. Modi formally announced his visit to Moscow for Victory-Day parade in May 2020.
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Supreme Court strikes down all Rafale review petitions, says they lack merit

Thursday, November 14, 2019, 4:57 PM

The SC refused to go back on its December-14, 2018 order, rejecting a probe into the controversial Rafale-deal. It also closed a-contempt-case filed against Congress-leader Rahul Gandhi, who had incurred the court's wrath over allegedly attributing his chowkidar chor hai remarks to the court. The government disputed this claim, saying the cost escalation was on account of add-ons in terms of avionics and armaments.

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