Wednesday, June 23, 2021
Home News Reports JantaKaReporter downgrades Moody's after Moody's upgrades India

JantaKaReporter downgrades Moody’s after Moody’s upgrades India

International rating agency Moody’s Investors Service upgraded the Government of India’s local and foreign currency issuer ratings to Baa2 from Baa3 yesterday, and changed the outlook on the rating to stable from positive. Moody’s also upgraded India’s local currency senior unsecured rating to Baa2 from Baa3 and its short-term local currency rating to P-2 from P-3. This happened to be the first such upgrade, since 2004.

Although we had seen signs of India’s economic surge, especially with the Ease of Doing Business rankings, this upgrade, flew in the face of all the critics and naysayers who had been crying about how PM Modi had killed the economy. Congress and Rahul Gandhi had recently criticized many actions of the Government like GST, Demonetization etc., and these same actions were hailed by Moody’s. Now, they might have needed a shoulder to cry.

Even Pro-Congress journalists like Pallavi Ghosh admitted that criticising Moody at this point would only make Congress look petty:

But being looked upon as petty is probably the last concern of a journalist named Rifat Jawaid and his pro-AAP blog JantaKaReporter. JantaKaReporter is famous in the annals of media as being responsible for multiple fake news, as well as crimes such as revealing identity of minors involved in sensitive cases. Most recently, JantaKaReporter claimed that a survey by Pew which showed PM Modi’s popularity scaling new heights, was actually a “con-job” based on an “imaginary survey” and was most probably funded by Modi!

Today, JantaKaReporter went into meltdown and declared war against Moody’s because it had raised India’s ratings. An article on the blog stated that a US federal court had indicted the agency for manipulative practices just before the global economic recession of 2008. This “questionable past” of the agency was raked up by JantaKaReporter to somehow discredit the agency as well as the ratings upgrade.

But just a couple of years ago, when the same Moody’s had either not upgraded the ratings or had issued warnings to the Modi Government, JantaKaReporter had eagerly covered all such news items without pointing out this “questionable past”:

It appears JantaKaReporter has now rescinded the following praise it had showered on the agency back then:

But the editor of JantaKaReporter, Rifat Jawaid got one thing right. In 2015, he had predicted that Moody’s would be criticized and will be called a “paid agency”. He had probably not anticipated that it would be he himself who would be doing it:

Lets hope the breakup does not affect Jawaid too much. Hang in there friend! And you can take solace in the fact that you were not bashed as much for this ridiculous u-turn because the internet found another bunny — a journalist named Mihir Sharma, who had taken ridiculous u-turns earlier too due to his hatred for Modi:

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Uttar Pradesh: One Dilshad caught breaking idols in Hindu temple in Kannauj, accomplice Umar says they were instructed to do so

Kannauj Police superintend Dr Arvind Kumar informed that a case will be filed under NSA against the main accused and others.

Coronavirus: Health Ministry issues advisory to Maharashtra, Kerala and Madhya Pradesh on Delta Plus variant

Delta Plus variant has been detected in samples collected from Maharashtra, Kerala and Madhya Pradesh, which is a cause of concern.

Rana Ayyub tells Harvard University students how to speak ‘truth to power’, after spreading fake news over Ghaziabad fake hate crime

Rana Ayyub interacted with the students of Harvard University over challenges facing journalism and 'speaking truth to power'.

Mamata Banerjee, after promising monthly stipends for women, faces ‘financial shortage’ in keeping her poll promise

West Bengal government might have to cut down on fund allocation to other Departments to keep Lakshmi Bhandar scheme afloat.

Uttar Pradesh: Forced mass religious conversion accused Mohammad Umar Gautam was felicitated by AMU alumni for ‘spreading Islam’

Mohammad Umar Gautam and his associated at the Islamic Dawah Centre(IDC) preyed on vulnerable and poor people, those with listening and speaking disabilities, and converted them to Islam

The MVA report card: Maharashtra government’s handling of the Covid-19 pandemic

10-min read: As the Maha Vikas Aghadi struggles to keep itself afloat, here's a snapshot on the Maharashtra government's handling of the pandemic.

Recently Popular

Ravish Kumar appears massively frustrated as India administers 85 lakh COVID vaccines in single day, this is why he does not make sense

Ravish Kumar goes on a ranting spree to hate on PM Modi by camouflaging propaganda as 'criticism' over COVID-19 vaccination

How Venkatesh Prasad is winning hearts with his ‘Sanghi’ posts, one tweet at a time

Venkatesh Prasad demonstrated the Surya Namaskar for his followers, performed in deference to the Sun God.

Oxfam says reporting rape cases harms black and marginalised people, blames ‘privileged white women’ for root causes of sexual violence

Oxfam says that fighting against sexual assault legitimises criminal punishment, which harms black and other marginalised people

After MC Kode, Vastavik Muhfaad abuses Lord Krishna while dissing another rapper, songs laced with expletives and drug promotion

In another ‘high on abuses’ song, Muhfaad refers to Hindu gods Ram and Sita in a similar depreciative manner.

After being slammed by Bombay HC for lack of evidence, Mumbai police names Arnab Goswami as an accused in second TRP chargesheet

Republic TV had submitted before Bombay HC that Mumbai Police have deliberately not named Arnab Goswami in charge sheet to keep the investigation open
- Advertisement -

 

Connect with us

255,564FansLike
555,366FollowersFollow
24,400SubscribersSubscribe