-The Indian Express Possibly the most problematic aspect of evaluating the budget is the opaqueness of the underlying data. The interest in this year’s Union budget had been high for obvious reasons. It being an election year, there were expectations of a major spending package focused on struggling sectors such as agriculture. The budget didn’t disappoint as the finance minister announced an income support programme for farmers, raised the tax-free income...
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-The Indian Express Repeated government interventions in official data release run the risk of denting market trust in it The controversy over two top functionaries of the National Statistical Commission (NSC) resigning in protest over the NSSO (National Sample Survey Organisation) withholding its new employment survey adds to a growing list of government interventions in data releases. There is a common theme — the government is seen to take an adversarial...
More »Over 18 million jobs created in 15 months till Nov 2018: Central Statistics Office report
-PTI The study showed that employment generation in the formal sector increased by 48 per cent to touch a 15-month high of 7.32 lakh in November 2018 as compared to 4.93 lakh in the year-ago month, as per EPFO payroll data released earlier this month. More than 18 million jobs were generated by the country’s formal sector in a 15-month period starting September 2017 and ending November 2018, suggests a study based...
More »Chhattisgarh watershed project promises better income for small farmers
-PTI NEW DELHI: Eyeing economic gains through ecological work, non-profit organisation Pradan, along with Chhattisgarh government, has launched a watershed project in the state to enhance the income of 1 lakh small and marginal farmers, of whom over 40 per cent belong to Scheduled Tribes. A watershed is a chunk of a land that drains out at a common point. The watershed development approach takes a comprehensive account of the people, land,...
More »Backdated GDP series and future growth -Ashima Goyal
-The Hindu Business Line The new series data cannot really be faulted. But it is important not to repeat the policy mistakes that hit industrial growth The 2011-12 base backdated GDP series led to much discussion. The reduction in past growth rates gave them a political colour. It is unfortunate if the independence of the CSO and associated experts is questioned just because of this coincidence. A rebasing that uses much richer...
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