-Livemint.com To keep up with the pressure of making headline fiscal deficit numbers look good, the government has increasingly resorted to off-budget financing for revenue as well as capital spending As with every other Union budget in the country, all eyes will focus on the fiscal deficit number that India’s new finance minister, Nirmala Sitharaman presents on 5 July in her maiden budget speech. But for many investors and analysts, how that...
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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 »What does the merger of National Sample Survey Office and Central Statistics Office entail? -Prashanth Perumal J
-The Hindu * Will the move undermine the NSSO’s autonomy, which has been dogged by controversies over data reporting? The story so far: On May 23, the government announced that the National Sample Survey Office (NSSO) will be merged with the Central Statistics Office to form the National Statistical Office (NSO). Many believe that this move will undermine the autonomy of the NSSO which has been at the centre of various public...
More »Petrol and Diesel Prices on the Rise After Polls in India
-Newsclick.in The oil marketing companies are arguing that the continuous increase in prices this week is due to the 15 days trail in domestic prices of fuel as compared to international markets. As a result of the regular hike since the past six days, there is an increase of 0.50 paisa for petrol and 1.04 paisa for diesel all over India. The price of petroleum products had been kept at a moderate...
More »Civic body denies info on vendors' survey under RTI -Ramkrishan Upadhyay
-The Tribune Cannot disclose third-party information, states the MC Chandigarh: The Appellant Authority of the Chandigarh Municipal Corporation has refused to give the information regarding the survey of vendors in the city. RK Garg, an RTI activist, has challenged the order of the Central Public Information Officer (CPIO) of the MC denying sharing the details of the survey under the RTI Act by terming it as “third-party information” before the Appellant Authority. Garg in...
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