-The Hindu * Will the move undermine the NSSO’s autonomy, which has been dogged by controversies over data reporting? The story so far: On May 23, the government announced that the National Sample Survey Office (NSSO) will be merged with the Central Statistics Office to form the National Statistical Office (NSO). Many believe that this move will undermine the autonomy of the NSSO which has been at the centre of various public...
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Of shells, companies and GDP -R Nagaraj
-The Hindu The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office (NSSO) survey for 2016-17 that has just been released. Since such entities could be shell/fake/bogus companies included in the MCA-21 Database of “active” companies used for estimating the gross domestic...
More »FinMin says GDP overestimation due to MCA data a 'misconception'
-Business Today A release from the government said that media has misinterpreted the out-of-survey enterprises to be enterprises that do not exist in the economy report. Refuting charges that the GDP numbers put out by the government may be over-estimated due to 'shell' companies which are untraceable, the government has said that the extent of overestimation of GDP in all likelihood is marginal. Clarifying the problem pointed out by the Technical Report of...
More »GDP scare
-The Hindu Business Line Fears over shell companies inflating the GDP are overdone, but the CSO needs to be more transparent in its methods Just as the dust was settling on the controversy over the Centre deferring the release of NSSO’s labour force survey which showed unemployment numbers in an unflattering light, a new one has broken out on the veracity of the MCA-21 Database used in GDP calculations. The economic commentariat...
More »Data gaps in GDP calculation will be resolved: Govt
-Hindustan Times The NSSO report, findings of which were first published in Mint on Wednesday, found that 36% of the companies in the MCA-21 Database maintained by the ministry of corporate affairs (MCA) could not be traced or were wrongly classified. New Delhi: The ministry of statistics and programme implementation (MoSPI) has downplayed the controversy around India’s gross domestic product (GDP) data after a National Sample Survey Office (NSSO) report raised serious...
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