-ThePrint.in Wage ceiling, mobility of lower-end workers, smaller establishments willfully avoiding registrations among factors that make EPF data flawed indicator, they assert New Delhi: While the government often cites monthly data from the Employees’ Provident Fund Organisation (EPFO) — the latest edition of which was released on Friday — to show that formal sector employment is growing in India, economists say that the data is flawed, prone to inflation and captures only...
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Number theory: Knots in India-China trade data -Surendar Singh and Ram Singh
-The Hindu Business Line Under-invoicing of imports is just one part of the story. Data asymmetries have many other factors. The trade data mismatch of India and China has attracted wide coverage from both electronic and print media. This mismatch is attributed to ‘under-invoicing’ by Indian importers for the imports originating from China. There is mismatch of $12 billion with China reporting its exports to India over $103 billion. Indian agencies, on the...
More »MSMEs drive growth in bank credit to industry
-Financial Express The credit outstanding to industry stood at Rs 32.4 trillion as of September 23, according to the data. The banking sector lending to industry has picked up, led by disbursals to the micro, small and medium enterprises (MSME) sector. Bank credit to industry improved 12.6% year-on-year in September, compared to a muted 1.7% growth in the same month last year, data released by the Reserve Bank of India (RBI) showed. Banks’...
More »Tuberculosis deaths and disease increase during the COVID-19 pandemic
-Press release by World Health Organisation dated 27 October, 2022 An estimated 10.6 million people fell ill with tuberculosis (TB) in 2021, an increase of 4.5% from 2020, and 1.6 million people died from TB (including 187 000 among HIV positive people), according to the World Health Organization’s 2022 Global TB report. The burden of drug-resistant TB (DR-TB) also increased by 3% between 2020 and 2021, with 450 000 new cases...
More »MGNREGA: Nearly 1.5 crore Job Seekers Refused Work Till Now -Subodh Varma
-Newsclick.in Funds squeeze causes 14-17% refusals every year. The rural jobs guarantee scheme has emerged as a lifesaver for millions of Indians as they struggle with relentless unemployment. But official data shows that a very large number of job seekers are being turned away and not given work. In the first six months of the current financial year (April to October 2022) nearly 1.5 crore applicants for work were refused work. This situation...
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