-The Hindu When data is monetised, as the Economic Survey advocates, it becomes toxic and harms public interest Last year, I was denied information requested under the Right to Information Act (RTI) 2005. I had sought the names of agencies empanelled by the Unique Identification Authority of India for an “image makeover” and the expenditure on it. It was denied by invoking the exemption clauses of Sections 8(d) and 8(j), respectively, i.e....
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Recently presented Union Budget does not provide updated data on important heads for FY 2018-19
During budget presentations, budget documents, which are provided, carry updated data and information related to various departments and ministries of the Central Government such as on revenues, expenditures, deficits etc. Recently economists like Dr. Rathin Roy and Prof. Jayati Ghosh have expressed concerns about the Ministry of Finance for not uploading updated and appropriate budgetary data and figures on the website www.indiabudget.gov.in following the 2019-20 Union Budget presentation by the...
More »Former CEA rubbishes government arguments; sticks to claim of India overestimating GDP growth
-PTI In a new paper 'Validating India's GDP Growth Estimates', Arvind Subramanian said he had indicated his doubts on the growth numbers in the Economic Survey in 2015 as well as mid-year Economic Analysis. New Delhi: Sticking to his analysis that India’s economic growth has been overestimated, Arvind Subramanian said he had raised doubts about the GDP numbers in 2015 when he was the chief economic adviser of the Modi government...
More »India may have to revise downwards 'potential' growth rate from 7-8%: ex-CEA -TCA Sharad Raghavan
-The Hindu ‘Today’s 4.5% is impressive as size of the economy now is five times of 1980 levels’ New Delhi: India may have to revise downwards what is considered its “potential” rate of growth from 7-8% to bring expectations more in line with reality, former Chief Economic Adviser (CEA) Arvind Subramanian has argued in a paper. This paper comes as a follow-up to the one Mr. Subramanian published last month, in which he...
More »Every number in Budget is authentic, says Sitharaman amid row over disparity in GDP figures
-The Indian Express The Economic Survey, released by Chief Economic Advisor S Krishnamurathy a day before the Union Budget, pegged the nominal GDP growth at 12 per cent while the budget projected it at 11 per cent. New Delhi: Finance Minister Nirmala Sitharaman Wednesday dismissed speculations surrounding the GDP figures quoted in the Union Budget, saying “every number is authentic”. Replying to the debate on her maiden Union Budget in the Lok...
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