During budget presentations, budget documents, which are provided, carry updated data and information related to various departments and ministries of the Central Government such as on revenues, expenditures, deficits etc. Recently economists like Dr. Rathin Roy and Prof. Jayati Ghosh have expressed concerns about the Ministry of Finance for not uploading updated and appropriate budgetary data and figures on the website www.indiabudget.gov.in following the 2019-20 Union Budget presentation by the...
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Centre measuring how we spend our time -Isha Jain
-The Times of India LUCKNOW: A pan-India survey is under way since January 2019, the first of its kind in India, to measure an individual’s use of his/ her time, evident in the very term Time User Survey. Conducted by the National Sample Survey Office, it is being carried out in four legs from January to December. Talking about the survey, chief statistician Pravin Srivastava on Saturday, while inaugurating a seminar on...
More »Jobless growth becomes more systemic -KP Kannan & G Raveendran
-The Hindu Earlier confined largely to the organised sector, it has now spread to other areas, as revealed by the latest survey results The findings of the latest employment survey, called the Periodic Labour Force Survey (2017-18), are a cause for concern as the scenario is still far from anything that would denote decent employment. The two biggest issues here are: the shrinking share of the labour force; and the rising unemployment. The...
More »Every number in Budget is authentic, says Sitharaman amid row over disparity in GDP figures
-The Indian Express The Economic Survey, released by Chief Economic Advisor S Krishnamurathy a day before the Union Budget, pegged the nominal GDP growth at 12 per cent while the budget projected it at 11 per cent. New Delhi: Finance Minister Nirmala Sitharaman Wednesday dismissed speculations surrounding the GDP figures quoted in the Union Budget, saying “every number is authentic”. Replying to the debate on her maiden Union Budget in the Lok...
More »Explained: Why Centre's Reported Finances in the Economic Survey and Budget Differ -Suyash Tiwari
-TheWire.in/ PRS blog The Union Budget replicates revised estimates reported in the interim Budget, not the updated figures for 2018-19 from the Controller General of Accounts. Finance minister Nirmala Sitharaman presented the Union Budget for the financial year 2019-20 in parliament on July 5, 2019. In the 2019-20 budget, the government presented the estimates of its expenditure and receipts for the year 2019-20. The Budget also gave an account of how much...
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