-TheWire.in How correct was it for the Central Statistics Office to have selectively used contested methods for preparing the back series data? The spotlight is back on India’s growth rates, three years after the gross domestic product (GDP) data using the 2011-12 base year was released. Before trying to delve into the controversy surrounding the back-series data – which saw GDP growth from 2006-2012 reduce significantly – it is important to understand how...
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Under fire, NITI Aayog says was told to look at GDP back series data -Sunny Verma
-The Indian Express Many economists have questioned the NITI Aayog’s role in the release of the statistical exercise of CSO, which comes under the Ministry of Statistics and Programme Imple- mentation (MoSPI). New Delhi: Facing Criticism over the NITI Aayog’s presence at the release of the GDP back series data by the Central Statistics Office (CSO) last week, Aayog Vice-Chairman Rajiv Kumar said his department was asked to “have a look”...
More »Law on medical devices has waited 12 years -Ritu Sarin
-The Indian Express NITI Aayog meeting notes it will bring in ‘more control, curb growth’ New Delhi: Successive governments in India have neglected the medical devices sector. For over 12 years, a proposed legislation, the Medical Device Regulation Bill, has awaited enactment. Advertising The Bill was first drafted in 2006 when the UPA was in power. It was never legislated. Under the NDA, a Group of Ministers (GoM) was constituted under Finance Minister Arun...
More »Back and forth
-The Indian Express Quarrel over growth figures is nothing new. But it must not be allowed to spiral into a larger loss of economic data credibility The release of the new GDP back series data on Wednesday shows that the economy grew at an average of 6.7 per cent between 2005-06 to 2008-09 as well as between 2009-10 to 2013-14, the first four years of the UPA government’s two terms —...
More »Revised back-series GDP data poses a problem for SBI -- how did we really perform? -Mahua Venkatesh
-ThePrint.in SBI report says bank’s performance will have to be rewritten based on the new data and this can be contentious due to questions over credibility. New Delhi: The Narendra Modi government’s revised set of back-series GDP data, which slashed the average rate of growth during the UPA regime, pose “reconciliation problems regarding micro and macro data interpretation”, a State Bank of India (SBI) report said Thursday. A careful data interpretation will be...
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