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...

-The Times of India BENGALURU: Major post-harvest losses of the mango value chain - from farmer to local market -- due to improper handling, transportation, grading, packaging and storage has finally caught the attention of the government, just as the season draws to a close. To stem these losses, the government is now looking to introduce a system of organic certification to increase scientific harvesting and storage of the fruit. According to...

-The Hindu Our education system has failed to integrate the rural into the larger political community, the nation Rural Mandsaur, where five persons were killed during a demonstration recently, is a prosperous region of western Madhya Pradesh. More than a decade ago, I had the opportunity of spending two days with the children of a private residential school in Mandsaur. At that time, it was the only English-medium residential school. Its vast and...

-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...

-The Times of India While the economy is growing at just over 7% per year, jobs increased by just 1.1% last year, according to a recently-released report covering eight key sectors of the non-farm economy. An earlier report had pegged joblessness at a fiveyear high of 5% in 2015, and under-employment at a staggering 35% of the over-15 years labour force. Seen in this context, the government is facing a growing employment...