IMPROVING THE CREDIBILITY OF INDIA’S STATISTICAL SYSTEM
Why in news? National Statistical Commission shows importance, A study by R.B. Barman, the former chairman of the National Statistical Commission shows: it is important to directly address the issues in growth calculations, and also to restore the credibility of the Indian statistical system Suggestions by Barman Mapping the Annual Survey of Industries (ASI) data, […]
CONSUMER PRICE INDEX NUMBERS ON BASE 2012 FOR RURAL, URBAN AND COMBINED FOR THE MONTH OF DECEMBER 2019
Why in news? The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation is releasing CPI (Rural, Urban, Combined) on Base 2012=100. In addition to this, Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined are also being released for December 2019
COUNTER CYCLICAL FISCAL RESPONSE TO THE ONGOING SLOWDOWN
Background Fiscal deficit is likely to miss the target, The advance GDP estimate for FY20 points to the slowest economic growth in nearly 11 years at 5% Both cyclical and structural forces at work to bring this scenario Some reasons Credit market issues that broke out in 2018 have negatively impacted the availability and cost […]
USING DATA ANALYTICS TO IDENTIFY GST EVADERS
Why in news? Inverted duty structure discourages, The department of revenue has identified as many as 931 cases of fraudulent GST refund claims Details Input tax credit(ITC) frauds are most common way to evade GST Shell companies and fly by nights entities are being used for fake ITC Inverted Duty Structure Discourages IDS, refers to taxation […]
‘PURVODAYA’: ACCELERATED DEVELOPMENT OF EASTERN INDIA THROUGH AN INTEGRATED STEEL HUB
Why in news? Ministry of steel in partnership with CII and JPC launched Purvodaya-Accelerated Development of Eastern Region through an Integrated Steel hub, for focused development of the Eastern States. Details of Eastern region steel development A world-class Eastern region steel hub would be created that will contribute to the socio-economic development of the Eastern […]
IBBI AMENDS THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
Why in news? The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 Details: It clarifies that a person, who is not eligible under the Code to submit a resolution plan for insolvency resolution of the corporate debtor, shall not be a party in […]
INDIA TO BE A GLOBAL HUB OF HIGHER LEARNING
Why in news? The Vice President of India called for making India a global hub of higher learning and scholarship and urged Universities, academicians and policy makers to improve academic standards at par with top international institutions Recent data Expressing concerns that none of the Indian Universities figured in the top 100 global rankings, Shri […]