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 Financial Express Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Pradesh continue to corner a large part of it, while most poor farmers in Odisha, Chhattisgarh, Jharkhand and Bihar are still deprived of credit for purchase of basic farming inputs. This scenario has undermined the efficacy of the stepped-up farm credit in boosting agricultural productivity. And...

-The Times of India A recent report by a data consultancy owned by the Financial Times of London created a stir by estimating that India is now the most favorite destination for foreign direct investment, beating China and the USA. The fine print indicates that they are talking about "estimated capital expenditures" in greenfield, that is, new ventures. By this estimate, India attracted $31 billion compared to China's $28 billion in...

-The Hindu Ignoring the groundswell of public opinion against a resumption of bauxite mining, the Andhra Pradesh government has been taking concrete steps to start mineral exploration in the Eastern Ghats. The Maoists have used this opportunity to try winning support of the tribals. Ever since the Communist Party of India (Maoist) [CPI (Maoist)] made a tactical retreat from the undivided Andhra Pradesh in 2004, engagements between the naxalites and the State...

-PTI New Delhi: In the previous year, when Delhi was under President's Rule, Finance Minister Arun Jaitley had presented a Rs.36,776 crore budget for the 2014-15 fiscal for Delhi. The Aam Aadmi Party government on Thursday presented a Rs 41,129 crore budget with a major focus on education, health and transport sectors besides allocating funds to provide free wifi facility in colleges and villages. Presenting the budget, Deputy Chief Minister Manish Sisodia...