The Ministry of Agriculture and Farmers Welfare has contended that the growth in real Gross Value Added (GVA) by the agrarian sector will not decline in 2017-18 vis-à-vis 2016-17 as has been predicted by the Central Statistics Office (CSO). The first advance estimates of CSO show that the growth rate in GVA at basic price (at 2011-12 prices) of the 'Agriculture, forestry & fishing' sector is likely to dip from 4.9...
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Country's organised sector created 4 lakh jobs in 2016-17
-The Times of India NEW DELHI: India's organised sector created a little over 1,100 jobs a day in 2016-17 which totalled up to 4.16 lakh new jobs for the entire year. The rate of job creation was 2% higher than 2015-16. Last quarter of 2016-17, the hardest hit by the demonetisation, saw much higher job creation than the previous three quarters of the year, claims the quarterly report on employment scenario,...
More »Nervous over rising crude, government ends monthly LPG price hike -Sanjay Dutta
-The Times of India NEW DELHI: In a clear indication of the nervousness over rising oil prices evoking popular anger, the government has asked state-run fuel retailers to stop raising the price of subsidised cooking gas cylinders by Rs 4 a month. The order was issued in October, around the same time the government cut excise duty on petrol and diesel by Rs 2 per litre to stave off rising consumer anger...
More »Three googlies make India's crime statistics deceptive -Atul Thakur
-The Times of India Here's a safe bet to make: the crime rate in India's big cities will fall in 2021. Every year, the National Crime Records Bureau (NCRB) presents data for the number of crime incidents in Indian cities. The bureau also provides crime rates, which is the number of crime incidents per lakh of population. Giving the rate is a good idea because it allows us to compare cities with...
More »Bhargavi Zaveri, senior research associate at the Indira Gandhi Institute of Development Research, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in The Insolvency and Banking Code was brought in as a law in May 2016 to resolve cases of unpaid debts by companies. It allows creditors to initiate insolvency proceedings against defaulting companies so as to recover their money. The code was thought necessary because existing systems of dealing with insolvent companies had failed to deliver, with cases dragging on for years without result. The code sets up an Insolvency and Bankruptcy...
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