Central Statistical Organisation

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  Over 100 Experts Raise Concern Over "Political Interference" In Data

  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.

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  GDP Growth Not As Encouraging As It Seems: Rahul Bajaj

  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.

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  HSBC Pegs GDP Growth At 6.3% On Note Ban Pains

  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.

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  Central Statistical Office A Professional Body: Arun Jaitley

  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.

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  Arun Jaitley Seeks to Dispel Doubts Over 7.4% Growth

  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.

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  New GDP Data With 2011-12 as Base Year in January

  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.

• Returns on post office savings still favourable: Montek

  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.

• India will return to 7 per cent growth rate in two years: Chidambaram

  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.

• GDP figures to be announced at 5 pm

  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.

• Economic Survey to prescribe steps to arrest declining growth

  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.

• Committed to restrict FY13 fiscal deficit at 5.3 per cent: Manmohan Singh

  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.

• Activate investments to get back to high growth: Rangarajan

  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.

• RBI to take into account low growth, budget in next policy

  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.

• IIP contracts 0.1% in November 2012, boosts odds for rate cut

  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.

• Expert group to re-look at poverty line numbers

  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 ...