-The Hindu Business Line While production has dropped, it has not been accompanied by a commensurate increase in price Last week, while the CSO released the Q1 GDP numbers, it also showed numbers for agriculture, forestry and fishing as a segment. For the June quARTer, this segment’s growth in real terms was 2 per cent, against 5.1 per cent in the same quARTer of the previous year. Agri GDP growth has been sliding...
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What is behind the GDP growth falling to 5% -Radhika Merwin
-The Hindu Business Line ApART from slowdown in manufacturing and construction, the steep decline in consumption is a big cause for worry Even as the Centre’s big bank mergers detracted the attention briefly from the much-awaited GDP growth numbers for the April-June quARTer, the sharp slowdown drew the market’s attention back to the immediate issue at hand. The Central Statics Office (CSO) revealing that the real GDP growth in Q1 of the...
More »Rs 71,500 crore worth of bank frauds detected in FY19: RBI report -Ashwin Manikandan
-The Economic Times Indian banking system detected Rs 71,500 crore worth of frauds in financial year 2018-19, the RBI report said. Indian banking system detected Rs 71,500 crore worth of frauds in financial year 2018-19 which to put in scale is slightly more than the Rs 71,000 crore recapitalisation package planned by the government to revive the health of its public-sector banks. Interestingly, over 90 percent of these losses were to the government...
More »GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in August
-The Indian Express This is the second time during this year that the revenue collection from the GST slipped below the Rs 1 lakh crore mark. First, it happened in June when the collection was Rs 99,939 crore. New Delhi: The Goods and Services Tax (GST) collections have dropped to Rs 98,202 crore in August from over Rs 1.02 lakh crore in the previous month. However, total GST for August this...
More »Assam NRC final list: Centre in no hurry for follow-up -Vijaita Singh
-The Hindu Official says sending a large number of people to detention centres is not a ‘practical’ option New Delhi: The Centre is not in a rush to take any decision after the final National Register of Citizens (NRC) in Assam was published on Saturday as the political leadership decides the next course of action. A senior government official said there were several options available, but sending a large number of people to...
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