Author: Tradeplus online Support

Rating Downgrade – India will have to avoid another downgrade to junk status

On June 02, Moody’s Investor Services downgraded India’s sovereign rating from Baa2 to Baa3. In addition, outlook for Indian sovereign debt was also changed to negative from stable. Why the rating downgrade? Clearly, COVID-19 was the trigger for the downgrade but there have been structural concerns for some time now. Firstly, GDP growth has struggled

Midnight News – June 4th 2020

In a case of worsening relations between the US and China, the US Commerce Department confirmed that the restrictions on 33 Chinese firms would take effect from the 05 June. The economic black list included companies that have been accused of spying on the Muslim Uighur population of Xinjiang province. Some of these companies also

Midnight News – June 3rd 2020

The government launched 3 special incentive schemes for the manufacture of electronics and mobiles with a total outlay of Rs.50,000 crore. There will be 3 incentives for manufacturers viz. Production linked incentives, Component manufacturing scheme and Electronic manufacturing clusters. The stated amount with be the overall allocation for all the 3 schemes with the Production

Midnight News – June 2nd 2020

In a surprising move Moody’s downgraded India’s sovereign rating to Baa3 from Baa2, citing worsening fiscal situation and major challenges to growth in the coming quarters. Baa3 is the lowest investment grade and is just one notch above Junk Status. This applies to India’s long term foreign currency and domestic currency ratings. Ironically, in November

Update on Rocket

Rocket Beta testing is underway in full swing. We thank our clients who have been enthusiastically participating in the Beta Testing. We are glad to note the overwhelming response received from these clients for the new platform. Lots of  feedback points and suggestions have already been incorporated in the system.  We are slightly deferring the GO