-The Hindu A quarter of a century ago, the then Deputy Chairman of the Planning Commission, Manmohan Singh, started a programme of concurrent – or real-time – evaluation of the government’s rural development schemes. On Saturday, the Prime Minister expressed surprise that such processes are “languishing” and “not in good shape” and asked the present Deputy Chairman, Montek Singh Ahluwalia, to “apply his mind to making good this deficiency.” The Prime Minister was...

-Down to Earth World is moving towards natural capital as a measure of economic growth After using gross domestic product, or GDP, as the universal measurement of economy for six decades, the world has begun looking beyond this gold standard for measuring a country’s economy. On May 25, 10 African countries agreed to incorporate their natural capital, or value of their natural resources, into their national accounts to make better economic decisions. The...

-The Economic Times One in four posts of government statisticians are lying vacant, the government has told a parliamentary committee. The news comes amidst repeated criticism by analysts of the quality of official government data in recent months. The Ministry of Statistics and Programme Implementation has told the parliament standing committee on finance that there are about 26% vacancies in the Indian statistical Services and Subordinate Statistical Service. According to the report...

As part of its efforts to forecast monsoon better, the India Meteorological Department (IMD) will incorporate readings from one of the latest US climate forecast models that is being improved for Indian conditions. IMD will release its monsoon forecast for this year in the middle of next week, while weather experts from South Asia gathered in Pune will come out with their forecast for the South Asian region on Friday. Advanced countries...

-The Hindustan Times The Planning Commission on Tuesday admitted of a serious flaw in the National Sample Survey data and national accounts, which led to pegging the poverty line at Rs 28 per capita daily consumption in cities. Plan panel deputy chairperson Montek Singh Ahluwalia said the discrepancy between the consumer survey, on whose basis the poverty number were derived, and national accounts was a serious statistical problem. The commission...