-The Hindu The former Chief Statistician on calculating GDP back series, on indicators of development, and the fall of the rupee The draft of the back series GDP data, which was made public by the government recently, is unlikely to change drastically even if other methods of calculation are used, says former Chief Statistician of India, Pronab Sen. The noted economist discusses GDP, employment and poverty data; the value of the rupee;...

-TheWire.in Despite the agrarian crisis that India is reeling under, the parliamentary standing committee noted that the government’s efforts in implementing irrigation projects has been ‘lethargic’. New Delhi: A report of the parliamentary standing committee on rural development has revealed that only 10% of the projects taken up under the watershed development component of the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) have been completed. The report outlines that given that a majority...

The country’s agrarian sector in the last financial year expanded at almost half the rate at which it grew in 2016-17, shows the recently released provisional estimates by the Central Statistics Office (CSO). As compared to a growth rate of 6.3 percent witnessed in 2016-17, the growth rate in real Gross Value Added (GVA) by the agrarian sector (i.e., increase in agricultural GVA after neutralizing the effect of price inflation)...

-India Climate Dialogue It does not depend on erratic electricity supply from the grid Sandeep Alse, a farmer who grows fruits and vegetables in Marathwada, a drought-prone region in Maharashtra, found it difficult to reach the market with his produce on time, due to poor infrastructure. The lack of cold storage facility in the vicinity added to his woes and much of his harvest was spoiled, making it difficult for him to...

-The Hindu While consumers will be glad to see their fuel bills slashed by the advent of a favourable rate structure under the GST, State governments will have to contend with an erosion in tax revenue. At the time of writing, petrol was retailing at Rs.82.48/litre in Mumbai, roughly 62% more than the Rs.50.8/litre Pakistanis shell out for a tank of gas. This is despite the fact that crude oil prices are...