-The Hindu For millions hit by agricultural distress, the escape to construction jobs is grinding to a halt With the Union Budget to be presented on February 1, it is hoped that the Finance Minister will make a significantly higher allocation for investment in infrastructure. It is vital for addressing rural distress. The Socio Economic and Caste Census (SECC) informed us that ‘landlessness and dependence on manual casual labour for a livelihood...
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A statistical boost to growth in Indian economy -Manas Chakravarty
-Livemint.com While CSO’s GDP growth estimates will be a disappointment, it will very likely be explained away soon as the market tries to find new and innovative reasons to extend the rally For a few quarters, take all year-on-year (y-o-y) growth figures about the Indian economy with a pinch of salt. That’s because they will now be boosted due to the favourable effect of a low base. Since demonetisation and the introduction...
More »Country's organised sector created 4 lakh jobs in 2016-17
-The Times of India NEW DELHI: India's organised sector created a little over 1,100 jobs a day in 2016-17 which totalled up to 4.16 lakh new jobs for the entire year. The rate of job creation was 2% higher than 2015-16. Last quarter of 2016-17, the hardest hit by the demonetisation, saw much higher job creation than the previous three quarters of the year, claims the quarterly report on employment scenario,...
More »FRDI Bill: Depositors' money safer than ever, says Arun Jaitley -Avishek G Dastidar
-PTI FRDI Bill: Jaitley says no need to create fear psychosis, government will consider what panel recommends The Money of all depositors in public-sector banks will be protected and the level of protection will be “much higher than the level which existed till today,” Finance Minister Arun Jaitley told Lok Sabha Thursday. Talking about the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 during his reply to the debate on Supplementary...
More »TCA Anant, Chief Statistician of India and Secretary -- MoSPI, interviewed by Vikas Dhoot and TCA Sharad Raghavan (The Hindu)
-The Hindu The Chief Statistician of India on the economy, the meaning of the new series of GDP data, and the need to wait for the impact of demonetisation to unfold T.C.A. Anant is the Chief Statistician of India, and Secretary, Ministry of Statistics and Programme Implementation. He has been in charge of several notable changes in the way economic data has been recently presented, including the new GDP and Gross Value...
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