-Hindustan Times Creation of jobs, or the lack of a sufficient number of them, has moved to the centre stage of political discourse ahead of the upcoming general elections. New Delhi: The National Democratic Alliance (NDA) government’s National Career Portal — the revamped employment exchange — managed to find 707,000 jobs in 2016-17, or jobs for just 1.8% of the 39.1 million people registered with it, Parliament’s Estimates Committee has observed, HT...
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A self-goal for India -Santosh Mehrotra
-The Hindu There are substantive reasons for the questions being raised about the new GDP back series Without in any way impugning the integrity of the Central Statistics Office (CSO), most knowledgeable people are asking: if most important indicators of the Indian economy were better in 2004-2014, how is the GDP growth rate higher in estimates just released (7.4% per annum since 2014 and only 6.7% per annum in 2005-2014)? This is...
More »Three years ago, key statistics panel revised UPA growth up, Niti Aayog rejected it -P Vaidyanathan Iyer
-The Indian Express Then Chief Statistician T C A Anant confirmed that the release of data was withheld. “Niti Aayog had issues with a particular proxy we used for corporate sector growth estimates,” Anant told The Indian Express. In what adds a fresh twist to the controversy over the downward revision of UPA growth data, it is now learnt that almost three years ago, the Central Statistics Office (CSO), in the...
More »BJP members stall parliamentary panel report on reliability of employment data -Sobhana K Nair
-The Hindu The draft report of the Murli Manohar Joshi-led Estimates Committee on “measuring growth, employment and income” asks the government on how it can address the critical issue of unemployment if it does not have “real time” and “holistic” data. A report by a parliamentary panel headed by BJP MP Murli Manohar Joshi, questioning the reliability of employment data collected by the government, has been stalled following protests by other BJP...
More »MUDRA loans is another crisis in the making, says Raghuram Rajan -Raghuvir Srinivasan
-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...
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