Inflation and slow growth decrease rating

Global rating agency Moody's warned that India is once again lowering the rating . Moody 's Baa 3 rating with Stable Outlook Currently, India has given .
Moody's says that the growth of the Indian economy in the second half of 2014 are expected to remain sluggish . Besides inflation to remain high and to increase government spending cuts expected in the ratings go up.




The general election will be the economy dose
Moody's said that next year the growth rate can affect the outcome of the general election . It would , however, impact on results and policy environment . In the first half of the current fiscal year, India's economic growth rate is 4.6 per cent . The government expects that the growth rate will increase in the second half , the full financial year will grow by five per cent . Inflation still remains a cause of concern . Seven per cent in October, inflation based on wholesale prices and retail prices is at 10.09 per cent .

More Loans for farmers

The banks have been directed specifically made ​​available to the farmers as loan demand . Farmers better monsoon coming from the application of too much debt .
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It is believed that during the current financial year 2013-14 agricultural lending banks may have up to eight lakh crore . First , the central government had set a target of Rs seven million .
Finance Minister said that the Finance Ministry has asked banks and financial institutions , " they give more credit to farmers . If the goal is to give something lakh farmers have too much debt is not the point . " The annual target for the fourth consecutive year when the bank will distribute more agricultural loans .
According to sources in the Ministry of Finance annually during the first five months of the current fiscal target (Seven lakh crore ) was allocated 40 per cent of agricultural loans . After two months, the pace of farm debt has risen . The next two - three months and it is likely to increase . For the first time, private banks are also targets for agricultural loans . This is also the reason that farmers get more money . Farming subsidies on loans the government is giving three per cent . From this perspective , only four per cent interest on loans to farmers who repay loans get .
Agricultural loans over the past few years

the target continuously being shared . Target of Rs 3.75 lakh crore in 2010-11 , but was divided on actual debt of 4.68 lakh crore . Target of Rs 5.75 lakh crore during the last financial year , but was disbursed loans over Rs 6.07 lakh crore . Farmers during the current fiscal year, the country's financial institutions could get a loan of Rs eight lakh crore .