Absolutely correct . You need seven star rating .Media has got their own rights or the so called rights which they think fit .But all the rights of the citizen are limited by the Consistituion. Nobody is above above the Constituion.If any media think that they are above the Consistution let them have a discussion with me .I am ready .
I think you have not gone into allegation of India Today or Kejriwal , they are just reporting what govt own documents are saying. U.P. govt has written to Central govt saying that camps were not held. and Central Govt has issued a notice to Trust for the irregularities come out in the U.P. govt report. Media is just reporting that and Kejriwal is picking the thread . So do not blame media or Kejriwal . Now onus is on U.P. govt , either it should say earlier report is wrong . Even CAG has mentioned in its perlininary report irregularities. so media is just reporting that.
Even when it will be downgraded, the standard reply of FM/PM will be Western rating agencies are not correct, they have not taken into account the steps taken by us , but they do not know that S&P, Filtch and other International agencies have build their reputation over the last 30-40 years and they even do not let USA /UK got free . International Investor comunity listen to these Agencies more than to Obama/Manmohan/ Chidambaram/ Berneke
Our FM and PM are like ostrich, not seeing the reality and hoping that FDI in retail is the paneccea for Indian Economy . Not controlling govt balooning expenditure is going to be the biggest blunder our FM is doing. Italy, Chilli, and other EU countries suffered due to this problem. Does he think distributing fertilizer subsidy directly to farmers is going to reduce fert. subsidy, Like NREGA it will become another cesspool of corruption. Atleast now only manufacturer which are 20-30 in numbers can be controlled, but how million of farmers account will be maintained. Subsidy to oil/fertilizers may be in the range of 1 lac crore , but balooning expenditure is about 4-7 lac crore wastage. Till that is plugged. no macro improvement can be thought.