Amidst uncertainty over India's performance in terms of agricultural production and livelihood security of rural population, the Union Budget of 2016-17 will be presented by Finance Minister Shri Arun Jaitley on 29 February. Given the extent of drought in more than 10 states of India during 2015-16, it is expected that the NDA Government will allocate more resources for rejuvenating the rural sector. Since the country has seen two years of...

-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...

-The Hindu Business Line Government surveys on out-of-school children are gross underestimations. The Census numbers, however, are a shocker Census 2011 showed that about 32 million children aged between 6 and 13 years have never attended any educational institution, even though government estimates of out-of-school children show substantially lower numbers. Given that out-of-school numbers consist of both children who dropped out and those who never attended school, it raises some questions over...

-The Hindu Business Line Will help policymakers, analysts calculate impact of decisions on real-time job market The Ministry of Statistics and Programme Implementation is set to launch quarterly and annual surveys on employment. “We are in the process of getting administrative clearances. The methodology has already been finalised and the surveys should be launched soon,” said TCA Anant, the country’s Chief Statistician. Once this is done, it is expected to bridge a major deficit...

-Business Standard Says the actual poverty is much higher than suggested by the multilateral lender, adding there is lack of scientific basis in computing the poverty line The government has contested the World Bank's recently released data that showed only 12.4 per cent of India's population was poor in 2011-12, considering an expenditure cut-off of $1.9 a person a day on purchasing power parity (PPP) terms. It said the actual poverty was...