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President Droupadi Murmu on Tuesday said that statistical tools and quantitative techniques play a significant role in effective governance by providing empirical foundation for policy decisions. The governments rely on national statistical systems to collect data on health, education, population size and employment among others, which form the basis for policy-making, she said addressing the probationers of the Indian Statistical Service (ISS), who had called on the president at the Rashtrapati Bhavan here. Murmu said statistics were used even in ancient civilisations, when the rulers used basic census data for taxation purposes. "Statistical analysis is a tool to bring in transparency and accountability in governance. Statistics is not only the backbone of efficient governance but also a tool for socio-economic development," the president said. Murmu said it is their duty to collect accurate data, which can be the foundation for sound and objective decisions. "Government needs d
The Ministry of Statistics & Programme Implementation (MoSPI) on Tuesday said that the National Statistics Office has initiated the process to empanel survey institutions for conducting sample surveys on socioeconomic indicators. The Survey Wing of the National Statistics Office (NSO) conducts large scale sample surveys in diverse fields on pan-India basis, a MOSPI statement said. Primarily data is collected through nation-wide household/ enterprise surveys on various socio-economic subjects. The NSO has launched a Request for Proposal (RFP) on December 12, 2024 to empanel private survey institutions or agencies in a bid to expand its outreach and increase the scope of its surveys. This initiative aims to enhance the NSO's capacity to carry out a wider range of surveys across different sectors. By partnering with private agencies, the NSO seeks to tap into additional expertise and resources, enabling more efficient survey execution. The empanelment will allow the NSO to reach a .
The Ministry of Statistics and Programme Implementation on Tuesday announced the advancing of release time for macroeconomic data Consumer Price Index and Index of Industrial Production by about one and a half hours. The data on the Consumer Price Index (CPI) and Index of Industrial Production (IIP) are currently released by the Ministry of Statistics and Programme Implementation (MOSPI) on the 12th of each month at 5:30 pm (the next working day if the 12th falls on a holiday in case of CPI) and the previous working day (if 12th falls on a holiday in case of IIP), an official statement said. According to the statement, to provide more time on the day of release to access CPI and IIP data, the MOSPI has decided to revise the release time for the CPI and IIP from 5.30 pm to 4.00 pm on the 12th of every month (the next working day if the 12th falls on a holiday of CPI) and the previous working day if 12th falls on a holiday, in case of IIP). The ministry explained that the new release
The RBI on Monday announced setting up a committee under deputy governor Michael Debabrata Patra on benchmarking the statistics regularly disseminated by it against global standards. The 10-member 'Expert Committee on Benchmarking of its Statistics' has been asked to submit report by the end of November 2024. The panel, chaired by Patra, will also study the quality of other regular data, where such benchmarks do not exist (like sectors of national priority) and provide guidance on the scope for any further data refinement. The other members of the committee are R B Barman (former chairman, National Statistical Commission), Sonalde Desai (National Council of Applied Economic Research, New Delhi and University of Maryland, USA), Partha Ray (Director, National Institute of Bank Management, Pune), and Bimal Roy (former chairman, National Statistical Commission; and former director, Indian Statistical Institute, Kolkata). Paul Schreyer (former chief statistician, OECD), Bruno Tissot (he
Poverty in India is estimated to have declined to 8.5 per cent in 2022-24 from 21.2 per cent in 2011-12, despite the challenges posed by the pandemic, according to a research paper by the economic think tank NCAER. The paper titled 'Rethinking Social Safety Nets in a Changing Society', authored by Sonalde Desai of NCAER, used data from the newly completed Wave 3 of the India Human Development Survey (IHDS) as well as data from Waves 1 and 2 of the IHDS. "According to the IHDS findings...poverty declined significantly between 2004-2005 and 2011-12 (from a headcount ratio of 38.6 to 21.2), and it continued to decline between 2011-12 and 2022-24 (from 21.2 to 8.5) despite the challenges posed by the pandemic," the paper said. The paper said economic growth and poverty decline create a dynamic climate that requires nimble social protection programmes. Traditional strategies designed to address chronic poverty in a large segment of society may be less effective as accidents of birth bec
English statistician and one of the inventors of the Duckworth-Lewis-Stern (DLS) method, Frank Duckworth died at the age of 84, according to a report. Duckworth passed away on June 21, according to a report in ESPNcricinfo.com. The Duckworth-Lewis method, devised by Duckworth and fellow statistician Tony Lewis, was introduced to determine results in rain-affected cricket matches. The method was first used in international cricket in 1997 and was formally adopted by the ICC as the standard method for setting revised targets in truncated games in 2001. The method was renamed the Duckworth-Lewis-Stern method after the retirement of Duckworth and Lewis, followed by some modifications by Australian statistician Steven Stern. Duckworth and Lewis were both awarded MBEs (Member of the Order of the British Empire) in June 2010. The DLS method is based on a complex statistical analysis that considers many factors like wickets remaining and overs lost, among others, to set a revised target