-PTI New Delhi: The statistics ministry Wednesday said an official committee will examine the NSS technical report on services sector enterprises, which has raised questions over the GDP data. The technical report of the National Sample Survey Office (NSSO) has generated controversy following its observation that as much as 36 per cent units forming part of MCA-21 Database, used in computing GDP, could not be either identifiable or traceable in the field. The...
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New GDP series faces fresh questions after NSSO discovers holes -Pramit Bhattacharya
-Livemint.com * A third of the firms in MCA-21 Database used to calculate GDP found dodgy * Results from the MCA-21 Database survey were so disappointing that two reports based on it had to be junked NEW DELHI: A key Database introduced in India’s new gross domestic product (GDP) series has now been found to be full of holes, raising fresh questions over the controversial and contested GDP numbers in Asia’s third-largest economy. A...
More »Caste biases rife even in M&A deals in India, shows an IIM-B study -Arjun Srinivas
-Livemint.com * Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study * These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals New Delhi: The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy...
More »NYAY: No bridge between two Indias -R Ramakumar
-Frontline.in A closer look at the Congress party’s proposed income transfer scheme. “Two Indias are being created. One of the rich and the other of the poor… we are going to bridge these two Indias. And we are going to make sure that this one India that is formed has opportunity for all…. The idea is that you take the India of opportunity, you grow that India. Then you take some of...
More »Unemployment: Why Amitabh Kant and Surjit Bhalla are Wrong -R Ramakumar
-Newsclick.in The arguments put forward by the two government advocates to disparage the NSSO’s thwarted report only serve to create a smokescreen so that any meaningful debate on unemployment becomes impossible. In 1965, P. C. Mahalanobis, who founded India’s modern statistical system, wrote a famous article titled “Statistics as a Key Technology” in the journal The American Statistician. One argument in the paper was as follows. Prior to the emergence of science...
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