-The Telegraph The Central Statistics Office reported today that economic growth sank to a three-year low at 5.7 per cent, striking at the core of Prime Minister Narendra Modi's promise of achchhe din. The sharp slowdown is a result of the two biggest disruptive measures taken by the Modi government: demonetisation and the goods and services tax. The double whammy has badly crimped factory output and squeezed the services sector. The GDP growth...

-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...

-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...

-IANS Kolkata: The National Sample Survey Office (NSSO), which started the 75th round of survey from July 1, is for the first time collecting data related to communicable diseases, officials said here on Monday. The National Sample Survey 75th round (NSS-75) covers household consumer expenditure as well as household social consumption -- education and health. "For the first time in NSS health survey, the data collected will enable assessment of population who are...

-The Hindu Business Line 1.5 times the defence budget may be needed for unproductive animals: Economist Rawal New Delhi: The ban on cow slaughter can pose a serious threat to the Indian economy in the near future, as the country may have to spend 1.5 times its current Defence Budget to take care of an additional 27 crore unproductive animals annually, an agricultural economist has warned. Speaking at a function organised by Bhumi Adhikar Andolan, a...