-The Telegraph New Delhi: India is no longer the fastest-growing major economy in the world: it has lost its bragging rights to China. The Central Statistics Office (CSO) today put out its provisional estimates on national income that showed real GDP growth had tumbled to 6.1 per cent in the fourth quarter (January-March). That is considerably slower than the 6.9 per cent growth that the resurgent Chinese economy racked up during the same...
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New IIP series shows severe impact of demonetisation on manufacturing sector -Manas Chakravarty
-Livemint.com In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years. This is very likely a result of the...
More »New WPI series suggests higher core inflation rate in past 6 months: CRISIL
-Business Standard WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a...
More »Placed on FCRA blacklist, PHFI worked with govts, from Chhattisgarh to North East -Abantika Ghosh
-The Indian Express In 2015, the BJP government of Chhattisgarh, represented by health minister Ajay Chandrakar, signed an MoU with PHFI to upgrade specialist doctors in Naxal-hit Bastar. SINCE last week, the top public health NGO Public Health Foundation of India (PHFI) has been in the crosshairs of the NDA government, barred from accepting foreign funds. But not very long ago, it was the preferred partner of not just the UPA...
More »GDP conundrum -V Sridhar
-Frontline.in Recently released data from the CSO, which claimed that demonetisation had had no significant impact on the performance of the economy, raise more questions than provide answers. Official data released by the Central Statistical Organisation (CSO) on the last day of February, which claimed that the national gross domestic product (GDP) rose by 7 per cent in the October-December period, the third quarter of 2016-17, came as a morale booster...
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