Monday, January 21, 2013

Moody's has reaffirmed India's rating at BAA3 and the outlook as stable


Rahul Gandhi being appointed as the Vice President of Congress has found its way to the front pages of most papers this morning. Mail Today's report says that in a speech reminiscent of his father Rajiv Gandhi's plans to rid Congress of power brokers and vested interests, Rahul Gandhi put the party's old guard on notice with the forceful plea to change the mindset of the party and for systemic changes in governance.

'Sonia cites Nirbhaya, pledges quota for women in police', under that headline, the Times of India writes that the Congress Chief has said Nirbhaya's death would not go in vain, and described the gang rape victim as a symbol of aspiration India, and backed reservations for women in the government at all levels including in the police.

Hindustan Times reports that the Centre is planning a comprehensive new law for juveniles, which will ensure tougher punishments for delinquents involved in heinous crimes such as rape.

The Hindu says that the Telecom Regulatory Authority of India is planning to have a single emergency response number, on the lines of America's 911, for any emergency like police, fire or ambulance. The paper adds that this proposed helpline could be reached by landline, GSM or CDMA.

Hindustan Times says that in a bid to encourage higher enrollment for Aadhaar number, the Finance Ministry has asked all public sector and rural banks to expedite setting up of biometric cash dispensers where your fingerprint or eye scan may be enough to withdraw cash from ATMs.

The Hindu writes that India has been staved off being relegated to junk bond status as International credit rating agency Moody's has reaffirmed India's rating at BAA3 and the outlook as stable.

And finally, under the headline, 'Starry night: Filmfare awards the brightest', the Times of India reports that in the dazzling Filmfare Awards 2012 held in Mumbai, Ranbir Kapoor and Vidya Balan walked away with the Best Actor award in a leading role for their performances in the films Barfi and Kahaani. Barfi was adjudged the Best film.

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