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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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The problem with cherry-picking data -Arun Kumar

-The Hindu If it’s the government’s case that NSSO figures are suspect, what has it based policy decisions on? Minister of State for Housing and Urban Affairs Hardeep Singh Puri said last week, “we definitely have a data crisis,” and blamed academics for creating a “false narrative”. Yet, at the heart of the data crisis in India is the Central government, which has been holding back important data. Most recently, it did...

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MS Swaminathan, father of Green Revolution, interviewed by Jitheesh PM & Jipson John (Newsclick.in)

-Newsclick.in In an interview, the ‘father’ of India’s Green Revolution, says while technology is necessary, policies on procurement and public distribution are far more important in making agriculture economically viable and sustainable in the country. No one has played a more instrumental role in India’s self-sufficiency in food production than Dr MS Swaminathan — world-renowned agricultural scientist, known as the ‘Father of Green Revolution in India’. After getting a PhD from Cambridge...

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'Anti-national' thoughts -Pranab Bardhan

-The Indian Express Whichever party wins the election, the real long-term challenge is to stem the rot of institutional foundations. The headlines say that the ruling party manifesto emphasises nationalism (“nation first”), and, on the economic front, it will aspire to make India the third-largest economy in the world by the end of the next decade, to make it reach the list of top 50 countries in the ranking of Ease...

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Farmers in Maharashtra village finally get their crop-cover dues -Rajalakshmi Nirmal

-The Hindu Business Line Many ryots covered by PMFBY in Jalna district faced hardship due to a bureaucratic bungle Following a BusinessLine article dated February 18 (‘When cover for farmers came a cropper’), settlement has been done to 146 farmers of Jalna district in Aurangabad (Maharashtra) under the crop insurance scheme (for Kharif 2017) by the insurer, IFFCO Tokio. Here’s a quick recap of what had happened: Jalna was badly hit by a...

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