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Is India overestimating its economic growth? -TCA Sharad Raghavan

-The Hindu The new GDP series has some methodological and sampling problems Former Chief Economic Adviser Arvind Subramanian recently claimed in a paper that India’s GDP growth from 2011-12 to 2016-17 was likely to have been overestimated. The Prime Minister’s Economic Advisory Council has rejected this claim, stating that his paper would “not stand the scrutiny of academic or policy research standards”. In a conversation moderated by T.C.A. Sharad Raghavan, Pronab Sen...

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Several more SSC jobs disappear under Modi 2.0 -Ashlin Mathew

-National Herald There are fewer jobs in the market. Several people are crying hoarse about the reducing jobs in the government. But the government has been cutting it down even further. National Herald had reported earlier that the government was under-reporting several vacancies. Now it has come to LIGht that several more existing vacancies are being under-reported by the Staff Selection Commission. In the latest RTI responses, it has come to LIGht that...

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India staring at longest heatwave in 3 decades, monsoon relief unlikely soon -Chetan Chauhan

-Hindustan Times The Capital, which sweltered on its hottest June day in history on Monday (48 degrees Celsius) recorded as maximum temperature of 45.4 degrees Celcius at Palam in spite of a spell of LIGht rain in the morning. Nearly two-thirds of India sizzled on Tuesday under a spell of a heatwave that is on course to becoming the longest ever as scalding temperatures killed four train passengers, drained water supplies, and...

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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,...

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