Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...

-The Indian Express Both the EC and the Law Ministry have been asked to furnish their written replies at the next meeting. New Delhi: AMID THE demands for state funding of elections, the Election Commission (EC) has categorically told a parliamentary panel that it is “not in favour” of the move. It has, instead, called for “radical changes” in the “provisions regarding receipt of funds” and expenditure by political parties to...

-The Telegraph New Delhi: The Union home ministry has asked nearly 6,000 of the 13,000 registered NGOs in the country receiving foreign donations to open accounts in nationalised banks to facilitate constant surveillance of their activities. The NGOs have accounts in cooperative banks or state-owned banks, which do not have core-banking facilities. "To maintain surveillance on the activities of NGOs receiving foreign funds, the ministry wants all NGOs registered under the Foreign Contribution...

-PTI NEW DELHI: Centre has asked the ruling BJP, the Congress, AAP and a few other political parties to furnish details about the source of their overseas funding. The Ministry of Home Affairs, in separate communications, has asked the political parties to give details of their sources of funding, including those from abroad or foreign business enterprises, official sources said. The sources, however, said this was part of the routine communication sent to...

-The Indian Express He added that the amendment means that companies are not required now to show the names of political parties they have contributed to. Chandigarh: Chief Election Commissioner Nasim Zaidi on Saturday said that amendments to the Companies Act of 2013, removing cap on corporate contribution to political parties, are “basically hitting” transparency in funding. “Two things are likely to happen in future. There would be less and less...