-The Hindu Shell companies in MCA-21 submitting balance sheets regularly very much part of measurement, says former chief statistician The deficiencies found in the MCA-21 database of the corporate sector, where more than a third of the sample companies were either untraceable, out of coverage, or closed, will not have a major impact on the calculation of GDP and GVA, according to prominent statisticians closely associated with the subject. A recent report by...
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New GDP series faces fresh questions after NSSO discovers holes -Pramit Bhattacharya
-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...
More »Caste biases rife even in M&A deals in India, shows an IIM-B study -Arjun Srinivas
-Livemint.com * Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study * These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals New Delhi: The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy...
More »Marathwada parched as watershed conservation remains neglected -Meena Menon
-Mongabay.com * The Marathwada region in Maharashtra is in the midst of another drought. While most of the area is dry, some villages practising watershed development are surprisingly green. * In the absence of political interventions some villages are going into self-help mode. Villagers allege vested interests in ‘man-made’ drought. * Lack of policy changes and political will have also been blamed for current situation. * Meena Menon travelled extensively through the drought-hit districts...
More »88 lakh missing tax filers in year of noteban: I-T denies, facts don't -Khushboo Narayan
-The Indian Express Stop filers are individuals who filed returns in earlier years but did not do so in the current year even though they are liable to do so. The Central Board of Direct Taxes (CBDT) Thursday said it “does not have any word ‘Stop Filers’ in its glossary and it does not maintain any database of ‘Stop Filers’ in normal course”. This was in response to the April 4 report...
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