| India Infoline Weekly Newsletter - May 17, 2013 |
| India Infoline News Service/18;16,May 17,2013 |
| Earlier in the week, markets declined sharply following higher-than expected trade deficit numbers. Trade deficit in April widened to $17.8bn. Exports increased 1.68% at $24.2bn while imports expanded 10.96% at $41.9bn. However, sentiments turned around after April WPI inflation fell to a 41-month low of 4.89%, it means that RBI has plenty of room to slash interest rates in its upcoming policy meet.
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| S&P says downgrade risk exists, keeps rating unchanged |
| India Infoline News Service/15;20,May 17,2013 |
| The global rating agency Standard & Poor's (S&P) affirmed BBB- rating for India with a negative outlook.India's long-term growth prospects, underpinned by its favorable demographic profile, and its high foreign exchange reserves support the ratings.
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| Fitch affirms IDRs of 12 Global Trading and Universal Banks |
| India Infoline News Service/13;06,May 17,2013 |
| Since Fitch's last review of the peer group in October 2012, HSBC Holdings' VR was downgraded by one notch to 'aa-' in December 2012 and UBS AG's VR was upgraded by one notch to 'a' in April 2013. |
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| PM’s address at 45th session of the Indian Labour Conference |
| India Infoline News Service/12;42,May 17,2013 |
| PM said "Government is considering universal social security cover for workers in both the organized and unorganized sectors and creation of a National Social Security Fund, fixing a National Floor Level Minimum Wage and provision of minimum pension of Rs. 1000 per month under the Employees’ Pension Scheme." |
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| Global Finance names world's best supply chain finance providers 2013 |
| India Infoline News Service/09;14,May 17,2013 |
| Global Finance’s editorial team with input from industry analysts, corporate executives and technology experts selected the best providers of supply chain financing and management services. |
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| Prospects for a stronger recovery: Governor Sarah Bloom Raskin |
| India Infoline News Service/08;52,May 17,2013 |
| It involves understanding not just the reliability and signal in various data, but also questioning whether the data accords with our understanding of actual experience. |
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| Top economy news of the day |
| India Infoline News Service/08;41,May 17,2013 |
| The European Union and Japan have joined hands with the US and Turkey to demand that India stop giving fresh subsidies and gradually phase out the existing ones as the textiles sector had already achieved export competitiveness. |
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