-The Hindu Business Line BIES for Sept 2018 points at more proportion of companies facing ‘much less than normal profits’ Ahmedabad: The manufacturing sector seems to be going through a troubled time as more companies have indicated a ‘much less than normal’ profit margin, according to a survey by the Indian Institute of Management, Ahmedabad (IIM-A). The latest Business Inflation Expectations Survey (BIES) for the month of September 2018, revealed that 45 per...
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Global Index reveals governments split between fighting and fueling inequality
-Press Release by Oxfam India dated 9 October 2018 Nigeria, Singapore, India and Argentina are among a group of governments that are fueling inequality, according to a newly released edition of the Commitment to Reducing Inequality Index developed by Oxfam and Development Finance International. The Index ranks 157 countries on their policies on social spending, tax, and labor rights - three areas the organizations say are critical to reducing inequality. It...
More »Factory growth slows to 10-month low
-The Hindu Slowdown in consumer durables hits August manufacturing ; retail inflation rises to 3.77% in Sept. New Delhi: Industrial production slowed to a 10-month low of 4.3% in August, due in large part to a drastic deceleration in the manufacturing, mining, and consumer durables sectors, according to official data released on Friday. The Index of Industrial Production (IIP) slowed in August from its growth rate of 6.61% in July. Within the index,...
More »Govt keeps job data close to its chest -Basant Kumar Mohanty
-The Telegraph Two reports, published every 3 months of the Quarterly Employment Survey, not released by the Narendra Modi govt New Delhi: Quarterly employment data considered reliable by even critics of the Narendra Modi government have not been released for this year so far, prompting concern the survey may be discontinued to hide potential warts that hold considerable significance in an election year. Two reports of the Quarterly Employment Survey (QES) are due...
More »Why factory output figures are suspect -R Nagaraj
-The Hindu Business Line The MCA database, which underpins the jump in factory GDP, is unconvincing. The ASI method was set aside for wrong reasons In early 2015, the Central Statistical Office (CSO) introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year, replacing the earlier series with the base year 2004-05. It is the CSO's routine job to make such revisions, roughly once in a decade,...
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