The former Chief Election Commissioner, who completed his education in his hometown and Chennai, told me about the time he could not secure an admission in an engineering college when he was asked about the actor Shivaji Ganesan.
This rating has a major impact on the bond markets. The investors need not be worried about the default on payment. This essentially impacts the interest rate for that country’s bonds.
With the Cabinet Committee on Security (CCS) giving the nod to the recommendations put forth by Shekatkar Committee on Wednesday, the first phase will execute most of the suggested reforms.