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At 5.7%, Q1 GDP growth slumps to 3-year low -KR Srivats

-The Hindu Business Line Uncertainty over GST and related de-stocking hit industrial sector in Q1, says Anant New Delhi: Three key macro-data points released on Thursday presented a worrying picture of the economy, adding credence to the Reserve Bank of India Monetary Policy Committee’s recent fears of slower growth. The keenly-awaited first-quarter GDP growth number came in at 5.7 per cent, a three-year low and far lower than the 7.9 per cent GDP...

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RBI says 98.96% of Rs 500, Rs 1000 notes returned after demonetisation -Gopika Gopakumar

-Livemint.com RBI annual report estimates value of Rs 500 and Rs 1000 notes returned was Rs 15.28 trillion against Rs 15.44 trillion in circulation before demonetisation Mumbai: According to Reserve Bank of India’s (RBI) annual report released Wednesday, 98.96% of Rs 500 and Rs 1000 notes (by value) that were invalidated due to the demonetisation exercise had been returned by the end of June. The numbers put to rest one of the big...

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RSS group opposes special food packets schemes for malnourished children -Smriti Kak Ramachandran

-Hindustan Times Swadeshi Jagran Manch says programme to distribute dietary supplement packets to fight malnourishment benefits private players New Delhi: RSS’s offshoot Swadeshi Jagran Manch (SJM) has urged the government to not rely on dietary supplement packets to help malnourished children since it will benefit large corporations. The SJM said the programme to begin ready-to-use therapeutic foods (RUTF) begun in BJP-ruled Rajasthan and Maharashtra has proved to be an “expensive and unsustainable” exercise. More...

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India needs more fodder to prevent cattle starvation -Abhishek Rajan

-VillageSquare.in The estimated increase in cattle population due to growth in dairy farming and ban on cow slaughter will need increased production of fodder and restoration of common pastures to prevent livestock starvation Nashik (Maharashtra): The milk that we drink everyday does not appear from thin air. A dedicated amount of feed and fodder is needed for the cattle to survive and to produce milk. Providing the right quantity of feed is...

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No sweets in West Bengal as 2 lakh shops remain shut protesting 5% GST

-IANS All the sweet shops across the state went on a 24-hour strike Kolkata: In what could be a bitter experience for the sweet-loving residents of West Bengal, over two lakh sweet shops, celebrated for their rosogollas and mishti doi, across the state went on a 24-hour strike on Monday to protest imposition of five per cent Goods and Services Tax (GST). Monday's protest is expected to cause an estimated loss of Rs...

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