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Context: The government has placed a draft National Statistical Commission (NSC) Bill for public comments. Background: The government has come under fire for repeated instances of data suppression across ministries, including the delay in the release of Periodic Labour Force Survey for 2017-18, The Labour Bureau’s survey on the number of jobs created under the Micro Units Development & Refinance Agency (Mudra) scheme will not be made public ... .
Updated on 24 January, 2020
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Presently, Bt Cotton (Genetically Modified Pest resistant Cotton) has captured more than 95% of the area under cotton cultivation. With a complete monopoly of the private sector over one of the major backward linkages (Seed production), it is turning out to be a socio-economic liability for the intended beneficiary (Farmers) itself. Bt Cotton: Performance so far It has catapulted India’s position to the world’s largest cotton producer, surpass... .
Updated on 23 January, 2020
The new series of Gross Domestic Product (GDP) figures with 2011-12 as a base, released in 2015, has been in controversy. The withholding of employment-unemployment data for some time and consumer expenditure data, which is not released, added to this unease. Recent changes in National income accounting: In India, GDP is calculated by the Central Statistics Office (CSO). CSO functions under the Ministry of Statistics and Program Implementation. The ... .
Updated on 21 January, 2020
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With the latest data of the second quarter which saw a plummeted growth rate of 4.5 percent coupled with the rise in retail price inflation to 7.35 percent which is beyond RBI’s Monetary Policy Committee target range, has flagged a threat of Stagflation in the Indian Economy. Stagflation: It is basically made from a combination of Stagnation in growth and Inflation, i.e. rising prices and slowing down of growth. It is an undesirable scenario of both... .
Updated on 20 January, 2020
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Five years after ‘Make in India’ was launched, there is a need to take stock of the initiative as the economy in general, and the manufacturing sector in particular, which is on the decline. About ‘Make in India’ This initiative, however, set an ambitious goal of making India a global manufacturing hub. It is being led by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India. T... .
Updated on 20 January, 2020
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The Union Minister for Chemicals and Fertilizers launched the "APNA UREA - SonaUgle" brand of Hindustan Urvarak & Rasayan Limited (HURL). HURL is a Joint Venture Company promoted by the three Maharatna Companies i.e. Coal India Limited (CIL), NTPC Limited (NTPC) and Indian Oil Corporation Limited (IOCL) as the lead promoters with FCIL and HFCL as other two partners. Background: With the objective of making the country self-reliant in Urea, the Gov... .
Updated on 20 January, 2020
