-The Indian Express NITI Aayog meeting notes it will bring in ‘more control, curb growth’ New Delhi: Successive governments in India have neglected the medical devices sector. For over 12 years, a proposed legislation, the Medical Device Regulation Bill, has awaited enactment. Advertising The Bill was first drafted in 2006 when the UPA was in power. It was never legislated. Under the NDA, a Group of Ministers (GoM) was constituted under Finance Minister Arun...
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As institutions change, so does data credibility
-Livemint.com An economy’s resilience and sustainability is best measured through its institutional strength The official back data on India’s gross domestic product (GDP), released by the Central Statistical Office (CSO) on Wednesday, runs the risk of denting the market’s trust and conviction in official data released by government agencies. The new data release contradicts the earlier findings of a committee set up by National Statistical Commission to develop a methodology for deriving...
More »Factory growth slows to 10-month low
-The Hindu Slowdown in consumer durables hits August manufacturing ; retail inflation rises to 3.77% in Sept. New Delhi: Industrial production slowed to a 10-month low of 4.3% in August, due in large part to a drastic deceleration in the manufacturing, mining, and consumer durables sectors, according to official data released on Friday. The Index of Industrial Production (IIP) slowed in August from its growth rate of 6.61% in July. Within the index,...
More »Govt keeps job data close to its chest -Basant Kumar Mohanty
-The Telegraph Two reports, published every 3 months of the Quarterly Employment Survey, not released by the Narendra Modi govt New Delhi: Quarterly employment data considered reliable by even critics of the Narendra Modi government have not been released for this year so far, prompting concern the survey may be discontinued to hide potential warts that hold considerable significance in an election year. Two reports of the Quarterly Employment Survey (QES) are due...
More »Why factory output figures are suspect -R Nagaraj
-The Hindu Business Line The MCA database, which underpins the jump in factory GDP, is unconvincing. The ASI method was set aside for wrong reasons In early 2015, the Central Statistical Office (CSO) introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year, replacing the earlier series with the base year 2004-05. It is the CSO's routine job to make such revisions, roughly once in a decade,...
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