-The Hindu The present national accounting and analytical framework MISses out on many key dimensions of a complex economy The new series of Gross Domestic Product (GDP) figures with 2011-12 as base, released in 2015, has not gone well with analysts; the withholding of employment-unemployment data for some time and consumer expenditure data, which is not released, added to this unease. Bringing the National Sample Survey Office (NSSO) under the fold of...
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Locust attack in R'sthan worries farmers in state -Aakanksha N Bhardwaj
-The Tribune MIScreants spread rumours on social media that it will hit Punjab too Jalandhar: As swarms of locusts have descended in Rajasthan and attacked crops, farmers in Punjab are tensed that their crops would also be damaged if they reach the state. Agriculture Department officials said today that the situation in that state was leading to rumours in Punjab, which were being spread through social media. Hence, the department had appealed to...
More »The perils of RBI's fixation on inflation -Pulapre Balakrishnan
-The Hindu The central bank’s shift of focus from financial stability to inflation targeting could have led to regulatory infirmity Inflation is back in the news and attention has willy-nilly turned on the Reserve Bank of India (RBI). This would lead us to recognise what the central bank is mandated to do and assess how much of its objective it actually achieves. The establishment of some of the world’s oldest central banks was...
More »Explained: A new controversy on India's fiscal deficit -Udit MISra
-The Indian Express In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data. On the face of it, India’s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the gap between its expenditure and its revenues,...
More »Unhelpful combativeness: On concerns about CAA
-The Hindu PM Modi must address the concerns about the CAA instead of MISinterpreting them Prime Minister Narendra Modi’s statement that the Citizenship (Amendment) Act, 2019, or CAA, 2019, intended only to grant citizenship to a certain class of people, and not to deny citizenship to anyone is factually accurate. But his extrapolation that hence the Act’s critics are MISinformed is unfounded and MISleading. The concern expressed by many is not that...
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