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...
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Paper trail voting will cause 3-hour delay in results: EC -Bharti Jain
-The Times of India NEW DELHI: As the Election Commission prepares for a 100% rollout of VVPATs and mandatory counting of paper trail slips in a fixed percentage of polling stations across all constituencies, a preliminary estimation by the watchdog indicates the move will lead to a three-hour delay in declaration of poll result. According to sources in the commission, an internal committee set up by EC to discuss the modalities of...
More »After LPG, government wants you to give up subsidy on train tickets
-MoneyControl.com The ministry is hoping that the well-to-do passengers will opt out of the subsidy. After LPG, a 'Give-It-Up' campaign for subsidy on train tickets could be launched soon. The Indian Railways is gearing to launch the campaign from August, says a report in the Business Standard. Through this, the passengers will have the choice to either forego 100 percent subsidy or give up 50 percent. The passengers will also have a...
More »60% in 18-19 age bracket not enrolled as voters -Bharti Jain
-The Times of India NEW DELHI: Barely 40% of the country's newly eligible voters in the 18-19 age group are currently enrolled as voters. In fact, in big states like Uttar Pradesh and Bihar, 75 lakh and 46 lakh young people have turned 18 but are yet to enlist themselves as voters. As per statistics compiled by the Election Commission as part of its special enrolment drive focused on young voters, 3.36...
More »All you need to know about GST
-Livemint.com Here are some FAQs about the Goods and Services Tax (GST) slated for rollout on 1 July What is GST? Goods and Services Tax (GST) is a value-added tax at each stage of the supply of goods and services precisely on the amount of value addition achieved. It seeks to eliminate inefficiencies in the tax system that result in ‘tax on tax’, known as cascading of taxes. GST is a destination-based...
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