The Economic Survey favours economic growth over distributive justice, ignoring the fact that in recent times, the fruits of our progress have gone disproportionately to the rich and in fact, the spending power of the poor has declined sharply
The credit rating agencies (CRAs) can take the decision on case-to-case basis, the Securities and Exchange Board of India (Sebi) said in a circular.
The capital market regulator also mandated the rating companies to disclose any linkage of the reviewed company in regards to external support it has sought for meeting its near-term maturing obligations.
