-The Hindu Besides the missing informal sector, over-estimation of output growth also offers clues Are the latest employment estimates by the Central Statistics Office (CSO) factually correct? No. They are off the mark, and confined to the economy’s organised or formal sector, accounting at best for 15% of the workforce. Is there a paradox in high output growth rates and the marginal effect on employment? Probably not, if one acknowledges that GDP...

-The Indian Express GDP growth rates for pre-2011-12 years, making it impossible to compare the new growth data with the growth during the UPA years. New Delhi: From a new gross domestic product (GDP) series to a revised Index of Industrial Production and inflation indices, alongside fresh interventions including payroll reporting based on EPFO data, statistical measurement tools to gauge economic development underwent some change over the past four years. In the...

-Newsclick.in As a result of the strike almost 1,29,500 Branch Post offices have been reported as closed on May 22. In an unprecedented show of courage and unity, nearly three lakh Gramin Dak Sevak (GDS) employees of the Postal Department went on an indefinite strike on May 22. Their grievances - long pending demands of the Gramin Dak Sevaks for regularization as government employees and the ill-implementation of the recommendations of Kamalesh Chandra...

-The Telegraph New Delhi: The Central Information Commission on Tuesday said there should be no delay in payment of pension to senior citizens on the pretext of linking accounts with a beneficiary's Aadhaar number. "In the name of linking to Aadhaar or other such conditions, the public authority cannot delay the payment of pension to senior citizens and retired employees in view of their post-retirement requirements," information commissioner Sridhar Acharyulu said. He said...

-The Hindu We need stricter adherence to sound banking rules and more transparency from public and private players The bank frauds involving Punjab National Bank (PNB) and the companies associated with businessmen Nirav Modi and Mehul Choksi as well as the Rotomac case couldn’t have come at a worse time. The Indian banking system is already reeling under the pressure of growing NPAs, or non-performing assets (less politely known as loans that...