"India is not facing a ratings downgrade from agencies. Our objectives were fiscal consolidation, price stability. Rating agencies have ack...

Three more industrial corridors - Chennai-Bangalore, Bangalore-Mumbai, Amritsar-Kolkata - are under various stages of implementation.

"296 projects worth Rs 6,60,000 crore were cleared by Cabinet Committee on Investment by end January 2014," Chidambaram said.

Growth has come crashing down, the UPA has been hammered by scam after scam and is now staring at a major defeat in the coming elections.

Mukherjee came into the picture a week after a bad situation had turned worse under what was essentially the government's group of media ma...