-Livemint.com * A third of the firms in MCA-21 database used to calculate GDP found dodgy * Results from the MCA-21 database survey were so disappointing that two Reports based on it had to be junked NEW DELHI: A key database introduced in India’s new gross domestic product (GDP) series has now been found to be full of holes, raising fresh questions over the controversial and contested GDP numbers in Asia’s third-largest economy. A...
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Environment Minister rejects global Reports claiming 1.2 million deaths in India due to pollution
-PTI “Pollution does affect health, but to create such a panicky situation and say millions of people are dying, I do not agree with that” New Delhi: Union minister Harsh Vardhan has discredited the recent global Reports claiming over one million deaths in India due to air pollution, saying such studies are only aimed at “causing panic”. The Minister of Environment, Forest and Climate Change is contesting the Lok Sabha polls from Chandni...
More »Growth in Agri GVA deflator saw a rising trend between 2005-06 & 2009-10, despite using different sources of back-series data
The year-on-year (y-o-y) growth rate in Agri Gross Value Added (GVA) deflator (an alternative measure of inflation) shows a rising trend between 2005-06 and 2009-10. In other words, price rise pertaining to the agrarian sector accelerated during the period under discussion. This particular trend has been observed irrespective of whether one uses the GVA/GDP back-series data (Base 2011-12=100) that was computed by the National Institution for Transforming India Aayog (NITI Aayog)...
More »Supreme Court gives RBI 'last chance' to alter disclosure policy
-The Hindu ‘Existing guidelines contrary to 2015 ruling on sharing information under RTI Act’ The Supreme Court on Friday gave the Reserve Bank of India (RBI) “a last opportunity” to withdraw a November 2016 Disclosure Policy to the extent to which it stonewalls revelation of every other kind of information under the Right to Information Act, including the list of wilful defaulters and annual inspection Reports. A Bench of Justices L. Nageswara Rao...
More »Meanwhile, on the Jobs Front -Subodh Varma
-Newsclick.in Latest CMIE data shows that unemployment rate continues to steadily climb up even as PM Modi and his party try to divert attention by talking about air strikes and ‘national security’. If ever there was a case of “Nero fiddling while Rome was burning” then India today is the best example. The country is going through one of its worst jobs crisis, well documented by several surveys and confirmed by Reports...
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