Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Of shells, companies and GDP -R Nagaraj    </title>
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-The Hindu

The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output 

About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office..."/>
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The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output 

About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office..." />
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                            <div align="justify">-The Hindu<br /><br /><em>The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output <br /></em><br />About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office (NSSO) survey for 2016-17 that has just been released. Since such entities could be shell/fake/bogus companies included in the MCA-21 database of &ldquo;active&rdquo; companies used for estimating the gross domestic product (GDP), the new finding could imply that private corporate sector GDP is being currently overestimated, denting the official growth narrative.<br /><br /><em>The background<br /></em><br />In 2015, the Central Statistics Office (CSO) issued a new GDP series with 2011-12 as the base year, replacing the earlier series with the 2004-05 base-year as a routine matter. Usually, the revision leads to a slight expansion of the absolute GDP in the base year, but its growth rate does not change, implying that the underlying pace of economic expansion in the two series has remained the same. This time was different, however. The absolute GDP size &mdash; the sum of the value of all (unduplicated) goods and services produced in a year &mdash; got diminished slightly in the base year, and its growth rates went up subsequently.<br /><br />Faced with public scrutiny and scepticism, the CSO defended the revision by claiming that it had followed the latest global template (the System of National Accounts 2008), applying improved methodologies to a newer and larger data set; hence the new GDP was kosher. In a first, the new series estimated private corporate sector (PCS) GDP directly using the Ministry of Corporate Affairs&rsquo; (MCA) statutory filing of financial returns, MCA-21. Accounting for over a third of GDP, as the non-financial PCS now spans widely, the revision has affected the estimates of many industries and services. Hence the GDP debate has mostly centred on the PCS.<br /><br />Please <a href="https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true" class="re" target="_blank">The Hindu, 13 May, 2019, https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true</a><div class="clear"></div>
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The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output 

About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office..."/>
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                            <div align="justify">-The Hindu<br /><br /><em>The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output <br /></em><br />About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office (NSSO) survey for 2016-17 that has just been released. Since such entities could be shell/fake/bogus companies included in the MCA-21 database of &ldquo;active&rdquo; companies used for estimating the gross domestic product (GDP), the new finding could imply that private corporate sector GDP is being currently overestimated, denting the official growth narrative.<br /><br /><em>The background<br /></em><br />In 2015, the Central Statistics Office (CSO) issued a new GDP series with 2011-12 as the base year, replacing the earlier series with the 2004-05 base-year as a routine matter. Usually, the revision leads to a slight expansion of the absolute GDP in the base year, but its growth rate does not change, implying that the underlying pace of economic expansion in the two series has remained the same. This time was different, however. The absolute GDP size &mdash; the sum of the value of all (unduplicated) goods and services produced in a year &mdash; got diminished slightly in the base year, and its growth rates went up subsequently.<br /><br />Faced with public scrutiny and scepticism, the CSO defended the revision by claiming that it had followed the latest global template (the System of National Accounts 2008), applying improved methodologies to a newer and larger data set; hence the new GDP was kosher. In a first, the new series estimated private corporate sector (PCS) GDP directly using the Ministry of Corporate Affairs&rsquo; (MCA) statutory filing of financial returns, MCA-21. Accounting for over a third of GDP, as the non-financial PCS now spans widely, the revision has affected the estimates of many industries and services. Hence the GDP debate has mostly centred on the PCS.<br /><br />Please <a href="https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true" class="re" target="_blank">The Hindu, 13 May, 2019, https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Of shells, companies and GDP -R Nagaraj    </title>
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The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output 

About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office..."/>
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The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output 

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                            <div align="justify">-The Hindu<br /><br /><em>The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output <br /></em><br />About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office (NSSO) survey for 2016-17 that has just been released. Since such entities could be shell/fake/bogus companies included in the MCA-21 database of &ldquo;active&rdquo; companies used for estimating the gross domestic product (GDP), the new finding could imply that private corporate sector GDP is being currently overestimated, denting the official growth narrative.<br /><br /><em>The background<br /></em><br />In 2015, the Central Statistics Office (CSO) issued a new GDP series with 2011-12 as the base year, replacing the earlier series with the 2004-05 base-year as a routine matter. Usually, the revision leads to a slight expansion of the absolute GDP in the base year, but its growth rate does not change, implying that the underlying pace of economic expansion in the two series has remained the same. This time was different, however. The absolute GDP size &mdash; the sum of the value of all (unduplicated) goods and services produced in a year &mdash; got diminished slightly in the base year, and its growth rates went up subsequently.<br /><br />Faced with public scrutiny and scepticism, the CSO defended the revision by claiming that it had followed the latest global template (the System of National Accounts 2008), applying improved methodologies to a newer and larger data set; hence the new GDP was kosher. In a first, the new series estimated private corporate sector (PCS) GDP directly using the Ministry of Corporate Affairs&rsquo; (MCA) statutory filing of financial returns, MCA-21. Accounting for over a third of GDP, as the non-financial PCS now spans widely, the revision has affected the estimates of many industries and services. Hence the GDP debate has mostly centred on the PCS.<br /><br />Please <a href="https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true" class="re" target="_blank">The Hindu, 13 May, 2019, https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true</a><div class="clear"></div>
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Home हिन्दी

Of shells, companies and GDP -R Nagaraj

Published on May 13, 2019   Modified on May 13, 2019

-The Hindu The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office (NSSO) survey for 2016-17 that has just been released. Since such entities could be shell/fake/bogus companies included in the MCA-21 database of “active” companies used for estimating the gross domestic product (GDP), the new finding could imply that private corporate sector GDP is being currently overestimated, denting the official growth narrative. The background In 2015, the Central Statistics Office (CSO) issued a new GDP series with 2011-12 as the base year, replacing the earlier series with the 2004-05 base-year as a routine matter. Usually, the revision leads to a slight expansion of the absolute GDP in the base year, but its growth rate does not change, implying that the underlying pace of economic expansion in the two series has remained the same. This time was different, however. The absolute GDP size — the sum of the value of all (unduplicated) goods and services produced in a year — got diminished slightly in the base year, and its growth rates went up subsequently. Faced with public scrutiny and scepticism, the CSO defended the revision by claiming that it had followed the latest global template (the System of National Accounts 2008), applying improved methodologies to a newer and larger data set; hence the new GDP was kosher. In a first, the new series estimated private corporate sector (PCS) GDP directly using the Ministry of Corporate Affairs’ (MCA) statutory filing of financial returns, MCA-21. Accounting for over a third of GDP, as the non-financial PCS now spans widely, the revision has affected the estimates of many industries and services. Hence the GDP debate has mostly centred on the PCS. Please click here to read more.

The Hindu, 13 May, 2019, https://www.thehindu.com/opinion/lead/of-shells-companies-and-gdp/article27109869.ece?homepage=true

Tagged with: Manufacturing Sector GVA estimation Annual Survey of Industries MCA-21 MCA-21 database Ministry of Corporate Affairs

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