Major News and Events of 13 July 2017

According to reports, Maharashtra government is planning to come up with a fresh set of guidelines for an effective implementation of the loan waiver scheme for farmers. The reports suggest that the government is expected to provide the definition of a farmer, the type of loan that can be considered under the waiver scheme etc.

According to reports, India's industrial output has grown at a slower rate of 1.7 per cent in May 2017 year on year basis. Industrial output had grown 8 per cent in May last year. According to the data released by the Central Statistics organization, mining sector output contracted 0.9 per cent in May, while manufacturing sector output grew 1.2 per cent. Output in the capital goods segment,declined to 3.9 per cent in May. But electricity generation grew by 8.7 per cent in May.