-The Hindu Business Line RBI Deputy Governor says such loans support economic activity, generate income & surplus Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons. “The excessive lending to corporate sector was the outcome of what I call...

-The Hindu Business Line Data from 14 major States show that economic growth has bypassed most of the poor children in the country Child health is basic to building the well-being and capabilities of the future of a growing nation. It is a great social responsibility in which the state has to play a critical role. It appears this primary responsibility is forgotten in the single-minded pursuit of economic growth. This article...

-The Hindu Business Line Agri-tech firms or farmer producer companies enjoy no benefits under GST. This will hit entrepreneurial spirit in the sector In 1991, India saw an LPG blast — liberalisation, privatisation and globalisation that changed the face of the country permanently. After 25 years from 1991, a fortnight ago, we experienced another revolutionary reform — GST with the promise of “One country-One tax”. Like any other person, I started reading...

-The Hindu Business Line Uses SFT to identify people WHO made high cash deposits during demonetisation period New Delhi: In hot pursuit of black-money hoarders WHO may have made high-value cash deposits during the demonetisation window, the Income Tax Department has identified an additional 6.6 lakh people in the second phase of Operation Clean Money. The Central Board of Direct Taxes (CBDT) has harvested information from the Statement of Financial Transactions (SFT) to...

-The Hindu Business Line Notification issuedin May had put curbs on sale of cattlefor slaughter New Delhi: The Supreme Court’s ruling on Tuesday, staying the Centre’s notification banning sale and purchase of cows and other livestock at animal markets for slaughter, was widely welcomed by farmers, with some seeing it as a ‘victory’. Terming the notification as a “cruel law”, the left-oriented All India Kisan Sabha said the impugned rules effectively choked the...