-Hindustan Times Gross domestic product (GDP) Statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year,...
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Book review: Indeed a Long Long Walk Home -Avay Shukla
-TheCitizen.in About once in every generation an event occurs which is so tectonic in its scope and intensity that it cries out to be chronicled for posterity. Not merely recorded or reported by news media and television channels, for that is merely transient journalism conveying Statistics, allegations and denials. It does not convey the pathos and sufferings of millions, the shattering of dreams and lives; it concerns itself with the body...
More »The under-nutrition problem in Bundelkhand should receive equal attention of the policymakers, if not more
Recent media reports point out that the Bundelkhand region of Uttar Pradesh is likely to get about Rs. 6,300 crore projects ahead of the upcoming Uttar Pradesh assembly polls, including a Rs. 400 crore worth plant for the propulsion system of anti-tank guided missiles in Jhansi. The foundation was laid for the first project in the Jhansi node (related to the Uttar Pradesh Defence Industrial Corridor) on November 18, 2021. The two...
More »Retail inflation rate rises to 4.91% in November 2021
-MoneyControl.com The CPI-based inflation rate has increased on a sequential basis. It was 4.48 percent in October 2021. The country's retail inflation rate, which is measured by the Consumer Price Index (CPI), rose to 4.91 percent during the month of November 2021, as per the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on December 13. The inflation has increased sequentially, as it was recorded at 4.48 percent in October...
More »Meeting the IMF, RBI forecast of 9.5% GDP growth this year now a challenge, says Dr Rangarajan -E Kumar Sharma
-Financial Express Dr Rangarajan feels that perhaps we may end the year with GDP growth in the region of 7 or 8 per cent. The much awaited news on the second quarter Gross Domestic Product (GDP) numbers showing a growth of 8.4 percent as compared to 7.4 percent contraction in Q2 2020-21, has come as a dampner. Economists now see serious challenges in India being able to hit the full year GDP...
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