-TheWire.in The traders have incurred a loss of over Rs 5000 crore in the last 22 days, while 15 lakh labourers have lost their jobs due to the shutdown. Surat: On July 8, Surat, the economic capital of Gujarat, witnessed an unprecedented protest against the new tax regime, the Goods and Service Tax (GST). Texile traders swarmed a three-km stretch on the Ring Road, which holds city’s main textile market, on a...

-The Indian Express Having discontinued funds for some welfare and freebie schemes launched by his predecessor, the chief minister claimed that his government was able to make provisions for the loan waiver by cutting down on “shashan ki fizulkharchi” (extravagant expenses of the government). Lucknow: The Yogi Adityanath government in Uttar Pradesh Tuesday presented its maiden Budget worth Rs 3,84,659 crore, 11 per cent more than the one presented by the previous...

-The Telegraph New Delhi: Parliamentarians, even those from the BJP, have been dragging their feet for the second year in a row over adopting villages in their constituencies (or states) under the Pradhan Mantri Sansad Adarsh Gram Yojana. Over a quarter into this fiscal, only 40 of the 788 MPs have identified gram panchayats for adoption under the programme, which mandates them to develop these villages into "model villages" for others to...

-The Indian Express As per data being examined by the committee, the minimum wages paid to agricultural workers are significantly higher than MGNREGA wages in Karnataka, Punjab, Jharkhand, Uttarakhand, West Bengal, Mizoram, and Andaman and the Nicobar Islands. THE COMMITTEE for revision of wages paid under the Mahatma Gandhi National Rural Employment Generation Act (MGNREGA) has found that minimum agricultural wages are higher than MGNREGA wages in 15 states. An upward revision...

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...