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Indian Economy :Unknown Facts

  
Economy, Education
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Unknown Fact

India’s long-term local currency debt is rated at Ba2 by Moody’s, two levels below the investment grade and at par with Armenia and Turkey. Indian government debt accounts for about 80 percent of GDP. Standard & Poor’s and Fitch Ratings have a rating of BBB-, the lowest investment grade.

The government’s annual debt repayments will rise to 1.14 trillion rupees in the next fiscal year from 531 billion rupees.

The 10-year yield has risen 62 basis points in the past year, the worst performer during that period among the 10 Asian local-currency debt markets outside Japan, according to indexes compiled by HSBC Holding Plc. It fell 95 basis points in the previous 12 months.

Major Setback for Tea Industry ?

  
Analysis, Education
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tea-hot

Ending India’s push for endosulfan

The tea industry will suffer a major setback following a global ban on Endosulfan — a pesticide that is widely used in growing the crop. Endosulfan is set to be banned worldwide after the signing of the Stockholm Convention on Persistent Organic Pollutants, or the POPs, treaty in Geneva in mid-October.

The ban on Endosulfan may lead to a fall in exports to some European countries, which now accept tea containing the pesticide within a maximum residuary limit.
India exported 203 million kg tea worth Rs 2,393 crore in 2008, of which almost 30 million kg were shipped to the European countries. (more…)

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