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 Telegraph New Delhi: Amid cow vigilantism, a professor of economics specialising in agrarian issues today wondered aloud whether those demanding a nationwide ban on cow slaughter had thought about its fallout, more so as a beginning had been made with the restrictions on the sale of animals for slaughter at cattle markets. A calculation by professor Vikas Rawal of the Centre for Economic Studies and Planning at Jawaharlal Nehru University's School...

-The Hindu Business Line Record double-digit growth in FY17 Chennai: Indian tractor industry continues to witness strong momentum for higherhorsepower tractors due to multiple benefits in farm application. In the backdrop of demand recovery that culminated in a year of strong sales for the tractor industry, tractors of 40 HP and more recorded double digit growth in 2016-17. The domestic tractor market, which is the largest in the world by volumes, grew 18 per...

-The Hindu Business Line Urban-rural wage gap highest in the North-East and northern States New Delhi: That rural employment, particularly in the informal sector, will fetch lower incomes, does not always hold true. In fact, hired workers in the informal sector in rural Gujarat earned twice as much as their counterparts in urban areas, a recent report of the National Sample Survey Organisation show. Hired workers in rural Gujarat’s informal sectors earned about...

-The Hindu Business Line Firms seen to be largely cooperating New Delhi: To clear confusion over the new prices of items under the Goods and Services Tax, the Finance Ministry is working to set up a National Anti-Profiteering Authority to curb any unwarranted price hikes. “The process for selection of members and the Chairman will start soon. We are working to ensure that the authority can be set up by early next month,...