-The Hindu Several interventions are needed on the demand and supply side to alleviate farm distress Loan waivers remain the preferred solution for governments to tackle farm distress. S. Mahendra Dev and M. Govinda Rao talk about the inability of governments to think of long-term solutions to tackle farm distress, in a discussion moderated by Vikas Dhoot. Edited excerpts: * Despite farm productivity rising, severe distress in the sector is a concern. How...
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NSS report on services sector to be examined by committee: MoSPI
-PTI New Delhi: The statistics ministry Wednesday said an official committee will examine the NSS technical report on services sector enterprises, which has raised questions over the GDP data. The technical report of the National Sample Survey Office (NSSO) has generated controversy following its observation that as much as 36 per cent units forming part of MCA-21 database, used in computing GDP, could not be either identifiable or traceable in the field. The...
More »Leaving out shell companies would seriously underestimate GDP: Former Chief Statistician -Dipak Mondal
-BusinessToday.com According to the Ministry of Corporate Affairs (MCA) there are around 9 lakh active companies are registered with the MCA after over 3.3 lakh companies were de-registered in two phases over 2017 and 2018 The National Sample Survey Office (NSSO) has found many holes in MCA-21 data used for GDP calculation, hinting that it probably overestimates the GDP. The former Chief Statistician of India Pronab Sen, though, has a completely different...
More »'Firms missing from database will not affect GDP calculation' -TCA Sharad Raghavan
-The Hindu Shell companies in MCA-21 submitting balance sheets regularly very much part of measurement, says former chief statistician The deficiencies found in the MCA-21 database of the corporate sector, where more than a third of the sample companies were either untraceable, out of coverage, or closed, will not have a major impact on the calculation of GDP and GVA, according to prominent statisticians closely associated with the subject. A recent report by...
More »Not right to extrapolate no. of shell companies to GDP computation: Pronab Sen -KR Srivats
-The Hindu Business Line Such computation will underestimate GDP, says the former Chief Statistician The National Sample Survey Office’s (NSSO) recent study involving samples from the MCA-21 database has put the whole GDP computation methodology under fire, but on a wrong basis, according to former Chief Statistician of India Pronab Sen. The NSSO study had revealed that there are several more shell companies in the system than what the Centre realised. Having numerous...
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