-The Times of India NEW DELHI: The government urged traders on Saturday to register for the goods and Services tax (GST) soon, and not wait for the July 30 deadline. If one is owns a business with an aggregate turnover exceeding Rs 20 lakh in the preceding financial year (Rs 10 lakh in special-category states), they will need to register in all the states and Union territories to which they make...
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Christian, Muslim households top in donations for charity -Suvojit Bagchi
-The Hindu But in absolute terms, Hindus contributed maximum in 2014-15, thanks to larger population, according to National Sample Survey data Hindus donated a little over Rs. 15,600 crore as religious contribution in 2014-15 — six times the quantum donated by Muslims — but the per-household contribution of Muslims is marginally higher than that of Hindus, as they are enjoined by religion to give to charity. But the per-household religious contribution of Christians...
More »Slowing population growth: Why families get smaller in size with better access to healthcare -Sanchita Sharma
-Hindustan Times It’s a paradoxical fact. Families become smaller as better nutrition, vaccination and healthcare ensure couples lose fewer children to malnutrition and infections, such as diarrhoea, pneumonia, sepsis and tuberculosis India’s most comprehensive report card on health released earlier this year shows India’s total fertility rate (TFR) has dropped from an average of 2.7 children per women in 2006 to 2.2 a decade later. Around two in three states that are...
More »40,000 cloth artisans in Ludhiana stare at job loss as they fall out of GST chain -Sumeer Singh
-Hindustan Times Rehman, who is in the embroidery business for more than 15 years, is one of thousands of artisans who are unable to get work as they did not register under GST, as is required now, and neither have textile firms that sent them cloth to work on. Ludhiana: Tucked away in the outskirts of the industrial city of Ludhiana, in New Kundan Puri area, embroiderer Abdul Rehman is sitting...
More »Declining bank credit indicates poor economic performance
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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