-Livemint.com * GDP estimates are based on accepted methodologies, says government * Subramanian made the claims in his latest working paper published on the Harvard University website New Delhi: India’s statistics ministry likely underestimated the impact of demonetization and the rollout of the goods and services tax (GST) on economic activity, leading to an overestimation of gross domestic product (GDP) figures, the finance ministry’s former chief economic adviser, Arvind Subramanian, has said. On 31...
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Piped water at every rural home in 5 years, says govt -Dipak K Dash
-The Times of India NEW DELHI: With more than 80% rural households yet to get piped water supply, the government on Tuesday announced to roll out a new mission to ensure “Nal se Jal” (water from the tap) for each house in villages in the next five years as promised in BJP’s election manifesto. After a stock-taking meeting with ministers and representatives from all states barring West Bengal, Union Jal Shakti minister...
More »Real GDP growth 2.5% lower than official: Ex-CEA Subramanian
-The Times of India India's gross domestic product growth rate has been overstated by about 2.5 percentage points per year post 2011, former chief economic adviser Arvind Subramanian has said in a research paper, prompting economists to doubt the size of the claimed overestimation, and the government to defend the data . Subramanian also called for revisiting the entire methodology and implementation for GDP estimation by an independent task force, comprising national...
More »Economic data under a cloud
-The Telegraph The merger of two statistics bodies would bring such data more directly under the control of the government During the last five years, there have been a number of controversies over economic data presented by the government and by relatively autonomous bodies like the National Sample Survey Office. The controversies have been quite sharp, leading to two senior members of the National Statistical Commission resigning earlier this year. These controversies,...
More »Half of India faces drought with low pre-monsoon rain, heat spell
-Hindustan Times IMD on June 1 said that this year the monsoon rainfall is likely to be “normal” at 96% of the long period average (LPA), and indicated that it would be evenly spread that could bring some respite to people suffering from dry weather conditions. New Delhi/ Pune/ Bhopal: Around 43% of the country is staring at a drought, government reports released in the past week show. By June 15, it...
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