-Frontline.in Recently released data from the CSO, which claimed that demonetisation had had no significant impact on the performance of the economy, raise more questions than provide answers. Official data released by the Central Statistical Organisation (CSO) on the last day of February, which claimed that the national gross domestic product (GDP) rose by 7 per cent in the October-December period, the third quarter of 2016-17, came as a morale booster...
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Pricier food, fuel push WPI inflation to 39-month high -Surabhi
-The Hindu Retail inflation too inches up in February New Delhi: Retail and farm gate prices surged in February as food articles and fuel products became more expensive. Data released on Tuesday revealed that consumer price index (CPI) based inflation rose to a four-month high of 3.65 per cent in February this year as against 3.17 per cent in January. It was, however, much higher at 5.26 per cent in February last year. Meanwhile,...
More »Delhi Govt presents Rs. 48,000-cr Budget for 2017-18
-PTI New Delhi: A Rs. 48,000-crore Budget for the national capital was presented today by the AAP Government, laying major focus on improving transport, health, water distribution and education infrastructure. In its third Budget, the Arvind Kejriwal Government abolished the Plan and non-Plan expenditure heads and presented it in terms of revenue and capital classification in line with the Centre’s decision. There was no proposal on levying any new tax. 'Outcome budget' In a first,...
More »GDP data: The plot thickens -Udit Misra
-Business Standard Data presents a rosy picture but fails to convince New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue...
More »The mystery of agricultural growth -Himanshu
-Livemint.com Latest data released by ministry of agriculture shows that sowing of rabi crops, expected to be higher than last year, is still lower than normal area sown That demonetisation will cause Indian economic growth to slow is no longer a matter of speculation. While clear estimates of the extent of deceleration will only emerge after some time, preliminary estimates of automobile sales and the purchasing managers’ index (PMI) for manufacturing...
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