-The Hindu The former Chief Statistician on calculating GDP back series, on indicators of development, and the fall of the rupee The draft of the back series GDP data, which was made public by the government recently, is unlikely to change drastically even if other methods of calculation are used, says former Chief Statistician of India, Pronab Sen. The noted economist discusses GDP, employment and poverty data; the value of the rupee;...
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Mudra loans a big scandal in banking system
-Deccan Chronicle The managers used a part of the 60 per cent amount to repay the Mudra loan for a year and pocketed the rest. New Delhi: The Modi government may have to get battle ready soon for cleaning up the Mudra loan mess that has added to the concerns of the banking system. The plan to create “job creators and not job seekers” by disbursing massive credit to micro and small...
More »The Tragi-Comedy of Jobs Numbers -Subodh Varma
-Newsclick.in In the latest govt. release of EPF and ESI numbers, the chaos in industry is revealed – not job situation. What was started last year as a trial balloon has now become a joke, after getting sanctified by everybody in the govt., from PM Modi downwards. Yesterday, the govt. released new numbers on how many people enrolled in three of its social security schemes, provident fund (EPF), employees health insurance (ESI)...
More »Why Indian government exports petrol at half the price we pay -Anand Patel
-IndiaToday.in New Delhi: A news report actively shared on social media based on RTI reply on exports claims that India is exporting refined petrol to 15 nations at Rs 34 per litre while refined diesel is exported to 29 countries at Rs 37 per litre as per the information provided. It is being alleged that Government has levied high taxes on petroleum products making it a prized commodity for domestic consumers while...
More »Petroleum consortium says refusal to display PM's picture is inviting threat of blocked supplies -Piyush Pandey
-The Hindu Consortium representing them says refusal to display PM’s picture is inviting threat of blocked supplies Mumbai: Dealers operating petrol pumps have received a verbal advisory from state-owned oil marketing companies (OMCs) to put up pictures of Prime Minister Narendra Modi at their retail outlets, triggering a protest. Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation LIMited (HPCL) and Bharat Petroleum Corporation LIMited (BPCL) have asked the dealers to arrange the display ahead...
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