Friday Morning News Brief, November 17

Friday morning brief Nov 17 2017
Good morning!
Here’s everything you need to know to start your day…
International rating agency Moody’s upgraded India’s bond rating. Moody’s upgraded the India’s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. Moody’s said the decision to upgrade the rating was underpinned by the expectation that continued progress on economic and institutional reforms will, over time, enhance India’s high growth potential. Read
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Courts must be ‘extremely slow’ to interfere with artistic freedom, Supreme Court said. While rejected a plea to ban the November 17 release of a film, “An Insignificant Man”, based on the life of AAP leader Arvind Kejriwal, the apex court said, “A thought-provoking film does not mean it should be puritanical. A film has to be expressive to provoke the conscious and subconscious mind of a viewer.” Last week, the court had dismissed a petition seeking a stay on the release of “Padmavati”.
The education system in India needs to be far better, Bill Gates said. “Most trends are positive, but my biggest disappointment when it comes to India is the education system. It should be far better. I don’t want to be critical, but I do want to create higher expectations about it,” Gates said. Bill Gates, who was TOI’s guest editor on Thursday, talked about public health, technology and ideas that could change the world. Read more
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Restaurants hiked menu prices after GST rate cut kicked in from Wednesday. Consumers at fast-food chains across the country may not be able to enjoy the full gains of the lower GST rate of 5% as many restaurants are raising menu prices, citing the government’s decision to withdraw credit for taxes paid on raw material and rent. Starbucks, McDonald’s and Domino’s Pizza have already hiked the base price, while others like KFC are planning to follow suit by next week.
PM Modi is falling short in fight against communalism, according to Pew Survey. A survey of 2,464 respondents during February 21 to March 10 this year says nine out of 10 respondents hold a favourable opinion of the leader and approve of how the country is doing. PM’s lowest ratings are for handling of communal relations, at 50%, and for his efforts towards curbing air pollution, at 48%. Women are particularly critical of how he has dealt with communal relations, as are people in north India.
Copyright @ 2017 Bennett, Coleman & Co. Ltd.

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