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On the Economic Implications of Restrictions on Cow Slaughter -Vikas Rawal

-Macroscan.org India's livestock economy is among the biggest in the world. A Ban on cow slaughter would either result in more and more unproductive animals being killed in most unscientific and cruel ways or would entail such a high cost for maintaining unproductive animals that cattle rearing would cease to be a profitable enterprise for farm households. Restrictions being imposed on cow slaughter and the actions of the cow vigilantes would...

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Surat Textile Traders on Indefinite Strike Against GST -Damayantee Dhar

-TheWire.in The traders have incurred a loss of over Rs 5000 crore in the last 22 days, while 15 lakh labourers have lost their jobs due to the shutdown. Surat: On July 8, Surat, the economic capital of Gujarat, witnessed an unprecedented protest against the new tax regime, the Goods and Service Tax (GST). Texile traders swarmed a three-km stretch on the Ring Road, which holds city’s main textile market, on a...

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Is the RTI law in danger of losing its might? -Poulomi Banerjee

-Hindustan Times The RTI Act of 2005 made the government more accountable. But a new set of proposed rules may weaken the law and make it difficult and risky for people to access information In 2015, activist Lokesh Batra filed a Right To Information (RTI) application with the Department of Personnel and Training (DoPT) seeking details about the appointment of the next Chief Information Commissioner (CIC). But the DoPT refused to...

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Centre's Cattle Trade Rule To Be Suspended Across Country: Supreme Court

-NDTV In May, the centre issued an order Banning the slaughter of cattle sold in animal markets and said such animals could only be used for agricultural purposes. Chennai: The government's rule Banning the trade of cattle for slaughter will be suspended across the country until changes are made, the Supreme Court said today, backing a Madras High Court order for Tamil Nadu. The centre told the court that it could...

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Declining Bank credit indicates poor economic performance

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...

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