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Upward GDP revisions for note ban, GST years surprising, says ex-CEA -ASIt Ranjan Mishra

-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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Minister-heavy Niti Aayog

-The Telegraph Until now, Modi was the only one who represented the government in Niti Aayog Prime Minister Narendra Modi on Thursday approved the reconstitution of the Niti Aayog, the policy think-tank created in January 2015 out of the remains of the outmoded Planning Commission, by inducting home minister Amit Shah as an ex-officio member along with three other ministers who have been similarly designated. The other ex-officio members of Niti Aayog are...

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FY18 unemployment level is high but not comparable with previous surveys: NSO -ASIt Ranjan Mishra

-Livemint.com * NSO says the change in criteria from monthly per capita expenditure to education levels has direct implications on the comparability of the results * Official data suggests unemployment rate rose to 45-year high of 6.1% in FY18 A day after the Narendra Modi government took oath of office for its second term, the National Statistical Office (NSO) on Friday formally released the leaked annual Periodic Labour Force Survey (PLFS), which showed...

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Atrocities Against dalits Continue Unabated in Gujarat -Bharathy Singaravel

-Newsclick.in In 2019, the Gujarat government revealed a 32% rise in crimes against Scheduled Castes between 2013 and 2017, and a 55% rise in crimes against Scheduled Tribes for the same period. On May 22, Jignesh Mevani, MLA from Vadgam, Gujarat, released a strongly worded statement on his Facebook page, following the killing of Rajesh Sondarva. Sondarva was a 21-year-old dalit murdered by upper caste Hindu men in Rajkot, Gujarat. Earlier in...

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To create jobs, an industrial policy focused on labour-intensive industries is key -Santosh Mehrotra

-Hindustan Times These sectors deserve consistent support over time to compete internationally since India is lagging behind Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991. By contrast, in east and south-east ASIa, the industry share has exceeded 30-40% while manufacturing is 20-30%. India’s manufacturing share of GDP has not moved up at all, though between 2004-05 and 2011-12 manufacturing employment growth was...

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