FM says Government is fully seized of the current situation and there will be a turnaround in our growth prospects in the coming months; rejects S&P report that India could be the first BRIC country to falter. https://www.taxtmi.com/news?id=3450 The Finance Minister rejected a report suggesting imminent faltering of the economy, noting no fresh rating action and that India's long term sovereign credit rating had been reaffirmed while the outlook was revised to negative. He asserted no significant events since April increased economic vulnerability despite weak quarterly growth, and cited monetary easing, sectoral improvements, favourable monsoon forecasting, lower oil prices, strong foreign institutional inflows and higher gross FDI as indicators supporting a near term recovery in growth prospects. en-us Tue, 12 Jun 2012 10:16:14 +0530 Tue, 12 Jun 2012 10:16:14 +0530 TaxTMI RSS Generator FM says Government is fully seized of the current situation and there will be a turnaround in our growth prospects in the coming months; rejects S&P report that India could be the first BRIC country to falter. https://www.taxtmi.com/news?id=3450 The Finance Minister rejected a report suggesting imminent faltering of the economy, noting no fresh rating action and that India's long term sovereign credit rating had been reaffirmed while the outlook was revised to negative. He asserted no significant events since April increased economic vulnerability despite weak quarterly growth, and cited monetary easing, sectoral improvements, favourable monsoon forecasting, lower oil prices, strong foreign institutional inflows and higher gross FDI as indicators supporting a near term recovery in growth prospects. News - Tue, 12 Jun 2012 10:16:14 +0530 https://www.taxtmi.com/news?id=3450