A base year is the reference year whose prices are used to calculate the real growth (minus inflation) in national income
Tussle between the commission and govt agencies has been going on since its inception in 2006,' says former NSC head
According to ASI data, the employment in the manufacturing sector during the Covid pandemic year (FY21) declined by 3.2 per cent (year-on-year) to 16.08 million
Underscoring the ramifications that data gaps have a cascading effect on the economy, the Karnataka High Court has dismissed a petition filed by a company that did not provide statistics of its operations for the year 2011. Action had been initiated against M/s Masturlal Pvt Ltd, which manufactures technical units of textiles used in industries, under the Collection of Statistics Act in 2015. The company approached the HC in 2022 against it. In a recent judgement, Justice M Nagaprasanna said any negligence on the part of any company will undoubtedly have a spiralling effect on the economic policies of the nation, which is the driving force of any nation among others. On the significance of the data collection, the HC said: "It is in public domain that Indian statistical system is one of the best systems in the world. The country participates in all the international and regional organisations of the United National Economic and Social Commission for Asia and the Pacific on statistic
In line with the Rangarajan Commission's recommendations on June 1, 2005, the Centre set up a NSC to serve as a nodal and empowered body for all core statistical activities of the country
The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra
The National Statistical Office shall release the GDP data for the second quarter on 30th November
The current datelines imply the GDP changes will happen only after the general elections of 2024
Payroll data released by the National Statistical Office shows only 18.67 per cent of the persons that rejoined and re-subscribed employees' provident fund (EPF) are female
New EPF subscribers increased marginally to 10,54,261 in June from 10,07,441 in May 2022 and 10,09,689 in April, according to data published by the National Statistical Office
Even short-term forecasting has become a challenge due to pandemic, says Shaktikanta Das
Growth has not come roaring back after the pandemic
Joblessness was high in October-December in 2020 mainly due to the staggering impact of the lockdown restrictions in the country, which were imposed to curb the spread of the deadly coronavirus
The NSO also released the GDP data for October-December (Q3) of FY22
Portal data.gov.in is difficult to negotiate and it is outdated, defeating the purpose of understanding economy and policy
A recently released report that says India's informal sector has shrunk, raises more questions that it answers
Unemployment rate rose to 13.3 per cent in July-September 2020 as compared to 8.4 per cent in the year-ago period, according to a periodic labour force survey by the National Statistical Office
The findings of the report, published by Business Standard in November 2019, showed consumer spending falling for the first time in over four decades in 2017-18.
The eligible candidates are required to submit their applications for the post with the ministry by August 17, as per a notice issued by MOSPI on July 17
Well, yes and no. Experts are divided over the manner in which the troubles of the National Statistical Commission can be effectively addressed