Kerala CPM Workers Troll Cricketer Tom Moody After Confusing Him For Rating Agency Moody’s, Making Them The Butt Of All Jokes

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12:22 pm 21 Nov, 2017

Recently, financial rating ageny Moody’s upgraded India’s sovereign rating to the highest since 2004. The upgrade recognises the fact that India continues to follow a path of fiscal prudence. Moody’s believes demonetisation gave more teeth to institutions as it was a part of the government’s efforts to “reduce corruption, formalize economic activity and improve tax collection”. In its statement, the reforms mentioned by Moody’s are GST, demonetisation, the inflation-targeting monetary policy framework, the Bankruptcy Act, bank recapitalization, Aadhaar and the Direct Benefits Transfer system. In November 2015 too, Moody’s changed its outlook on Indian banks to stable from negative because of what it said was “the gradual improvement in the operating environment for Indian banks”.

However, despite the fact that Moody’s has backed India’s reform process, it was ‘very’ hard for the opposition parties to recognise the fact. While reacting to Moody’s upgrade, former Prime Minister Manmohan Singh said that the country should not be lured into the false belief that “we are out of the woods.” It must be noted that just a few days back, Dr Singh called demonetisation a historic blunder. He said that the demonetisation and hasty implementation of GST led to a slowdown of the country’s economic growth.

Former Australian cricketer and head coach of SunRisers Hyderabad (SRH) Tom Moody telanganatoday

Interestingly, the rating upgrade was so hard to digest for Kerala’s CPM workers that online accounts sympathising with CPM started trolling the former Australian cricketer and head coach of SunRisers Hyderabad (SRH) Tom Moody confusing him for Moody’s – the global ratings agency.

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Many Facebook users and pages belonging to CPM activists attacked the former batsman, saying he should be ashamed of himself for giving an improved rating to the Indian economy under the Narendra Modi government.

However, after having a good laugh at the whole confusion, Moody tweeted:

 

The CPM leadership had said that the improved economic ratings signify the beneficial atmosphere for international capitalist groups under the Modi regime.

And it was Twitterati who had the last laugh:

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