-The Indian Express On the credibility of quarterly data releases, Anant underlined “it is a careful statistical exercise” and that in many areas, “more complete information would be available in many ways by next year”. Facing criticism that GDP growth estimates by his office of 7 per cent for the third quarter ending December 2016 sharply overshot most projections — even those in the Economic Survey and by the RBI — India’s...
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Holes in DeMo armour
-The Telegraph Mumbai: Prime Minister Narendra Modi could well choose to crow about the 7 per cent GDP growth in the third quarter of 2016-17 which, he believes, has blunted criticism about his demonetisation drive and its widely anticipated crippling impact on the economy. But analysts have started to focus attention on how the Central Statistics Office (CSO) "cooked" the numbers of the third quarter of 2015-16 to make the growth rate...
More »Beyond Drought: Tamil Nadu's Chain of Misfortunes -Seetha Gopalakrishnan
-TheWire.in Tamil Nadu continues to witness cycles of flood and drought annually. Mismanagement of traditional water management systems is one of the main reasons. Tamil Nadu: That Tamil Nadu qualifies to be dubbed as a land of climate paradoxes is beyond debate. The massive flood of 2015 was quickly followed by a punishing drought in 2016. Though the state benefited marginally from the southwest monsoon, as is usually the case, the biggest...
More »How the Black Economy Grew in Post-Independence India -Arun Kumar
-Caravan Magazine Arun Kumar is an eminent economist who has been studying the black economy in India for close to four decades. His 1999 book The Black Economy in India is among the foremost accounts of the black-money problem in the country. In Understanding the Black Economy and Black Money in India: An Enquiry into Causes, Consequences and Remedies, released in February 2017, Kumar discusses the misconceptions around black money, the...
More »CCI slaps Rs 6700 crore fine on 10 Cement companies
-The Times of India NEW DELHI: The Competition Commission of India (CCI) on Wednesday imposed penalty of over Rs 6,700 crore on 10 Cement companies including ACC, Lafarge, Ultratech, Jayprakash Associates, Binani and their trade association the Cement Manufacturers Association (CMA) on charges of cartelisation in the sector. The information in the case was filed by the Builders Association of India against the Cement firms and the CMA, alleging that they flouted...
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