Central Statistical Organisation

Expressing concerns over "political interference" in statistical data in India, as many as 108 economists and social scientists Thursday called for restoration of "institutional independence" and integrity of statistical organisations.

He said in its latest advance estimate, the Central Statistical Organisation has pegged India's real GDP growth for last financial year at 7.1 per cent.

The HSBC report says that the Central Statistics Organisation had access to some post-demonetisation data for banking, yet, it chose to stick to data till October for preparing GDP estimates.

Rejecting criticism of GDP numbers, Finance Minister Arun Jaitley on Wednesday said the Central Statistical Office (CSO) is a professional organisation and its data is accepted by leading international oraganisations.

Finance Minister Arun Jaitley on Thursday sought to dispel doubts over the new growth figure of 7.4 per cent for 2014-15, saying said the GDP calculations are made independently by the Central Statistical Organisation (CSO), which is a credible organisation.

Seeking to present a more realistic picture of the economy, the government will release a new series of national accounts with 2011-12 as base year for computing the economic growth rate.

Planning Commission deputy chairman Montek Singh Ahluwalia on Monday justified the lowering of rate of interest on small saving schemes saying the returns remain favourable to depositors in real term.

Seeking to dispel fears over the state of economy, Finance Minister P Chidambaram on Thursday said the country will return to high growth of 7 per cent in two years and promised adequate public spending to stimulate it.

In an unusual move, the Central Statistical Organisation (CSO) will release the third quarter GDP data in the evening hours against the general practice of doing so at around noon.

The Economic Survey to be tabled in Parliament tomorrow is likely to suggest a series of steps to arrest the declining GDP growth, which is estimated to be at the decade-low of 5 per cent in the current fiscal year.

Concerned over economic slowdown, Prime Minister Manmohan Singh today said that the government is committed to containing the fiscal deficit to 5.3 per cent of the gross domestic product (GDP) this fiscal year and various steps are being taken to revive the economy, which include faster clearances to mega projects.

Prime Minister's Economic Advisory Council (PMEAC) chairman, C Rangarajan, today said there was a need to stimulate investments to get back to high growth path.

The Reserve Bank of India (RBI) today said it will take into account decelerating growth and the Finance Ministry's fiscal consolidation efforts in the forthcoming budget before formulating its monetary policy review next month.

Manufacturing, which constitutes about 76 per cent of industrial production, rose 0.3 per cent from a year earlier, the Central Statistics Organisation said. In the April-November period, industrial production expanded an annual 1 per cent.

Amidst demand for removal of its Deputy Chairman Montek Singh Ahluwalia for pegging the poverty line at Rs 28.65 per day per person for cities, the Planning Commission is likely to constitute an expert group to re-evaluate its claim that poverty has declined in India. "The Commission is likely to shortly constitute an expert group for reevaluating ...

Expressing concerns over "political interference" in statistical data in India, as many as 108 economists and social scientists Thursday called for restoration of "institutional independence" and integrity of statistical organisations.

He said in its latest advance estimate, the Central Statistical Organisation has pegged India's real GDP growth for last financial year at 7.1 per cent.

The HSBC report says that the Central Statistics Organisation had access to some post-demonetisation data for banking, yet, it chose to stick to data till October for preparing GDP estimates.

Rejecting criticism of GDP numbers, Finance Minister Arun Jaitley on Wednesday said the Central Statistical Office (CSO) is a professional organisation and its data is accepted by leading international oraganisations.

Finance Minister Arun Jaitley on Thursday sought to dispel doubts over the new growth figure of 7.4 per cent for 2014-15, saying said the GDP calculations are made independently by the Central Statistical Organisation (CSO), which is a credible organisation.

Seeking to present a more realistic picture of the economy, the government will release a new series of national accounts with 2011-12 as base year for computing the economic growth rate.

Planning Commission deputy chairman Montek Singh Ahluwalia on Monday justified the lowering of rate of interest on small saving schemes saying the returns remain favourable to depositors in real term.

Seeking to dispel fears over the state of economy, Finance Minister P Chidambaram on Thursday said the country will return to high growth of 7 per cent in two years and promised adequate public spending to stimulate it.

In an unusual move, the Central Statistical Organisation (CSO) will release the third quarter GDP data in the evening hours against the general practice of doing so at around noon.

The Economic Survey to be tabled in Parliament tomorrow is likely to suggest a series of steps to arrest the declining GDP growth, which is estimated to be at the decade-low of 5 per cent in the current fiscal year.

Concerned over economic slowdown, Prime Minister Manmohan Singh today said that the government is committed to containing the fiscal deficit to 5.3 per cent of the gross domestic product (GDP) this fiscal year and various steps are being taken to revive the economy, which include faster clearances to mega projects.

Prime Minister's Economic Advisory Council (PMEAC) chairman, C Rangarajan, today said there was a need to stimulate investments to get back to high growth path.

The Reserve Bank of India (RBI) today said it will take into account decelerating growth and the Finance Ministry's fiscal consolidation efforts in the forthcoming budget before formulating its monetary policy review next month.

Manufacturing, which constitutes about 76 per cent of industrial production, rose 0.3 per cent from a year earlier, the Central Statistics Organisation said. In the April-November period, industrial production expanded an annual 1 per cent.

Amidst demand for removal of its Deputy Chairman Montek Singh Ahluwalia for pegging the poverty line at Rs 28.65 per day per person for cities, the Planning Commission is likely to constitute an expert group to re-evaluate its claim that poverty has declined in India. "The Commission is likely to shortly constitute an expert group for reevaluating ...