Pronab Sen, principal advisor in the Planning Commission, says that it is difficult to pinpoint the exact GDP number for the current fiscal, as IIP data is questionable and contradicts with exports growth story.
The second Human Development Report 2011, to be released after a gap of 10 years, paints a dismal picture of the access that rural households have to electricity.
The Planning Commission's de-linking entitlement benefits for the poor from the Suresh Tendulkar committee's recommendation on determination of poverty has left a big question mark on the number of beneficiaries to be covered under the proposed Food Security Act.
The Planning Commission projected the Centre's fiscal deficit to come down to three per cent of the gross domestic product.
Rains were 26 per cent above normal across the country.
As the country grapples with a string of corruption issues, the approach paper to the 12th Five-Year Plan, which is in final stages of preparation by the Planning Commission, will focus prominently on governance issues.
The wheat procurement season has ended in most big foodgrain-growing states with an all-time high purchase of almost 28 million tonnes (mt), creating a problem of storing such huge stocks.
Officials said the Centre would have to bear an additional subsidy burden of Rs 4,161 crore this financial year, if this proposal was implemented.
Officials from the food ministry said if the situation continued, the country could face a problem of plenty, as grain stocks this year are at a high level of 65 million tonnes (mt), while the total storage space available with the Food Corporation of India and state agencies, both covered and uncovered, is estimated at 63 mt as on June 1.
A big change in the new IIP data, taking 2004-05 as the base year against 1993-94 in the old series, is its classification of items and the weights assigned to these.
New census will include questions about religion and castes.
The data, to be compiled by the ministry of statistics and programme implementation, will bring out the proportion of population actively contributing to production of goods and services, also known as the labour force participation ratio, every quarter.
Economy grew by 8.6 per cent in 2010-11.
The reservations of Environment Minister Jairam Ramesh on the projected additional electricity generation capacity of 100,000 Mw during the 12th Five-Year Plan (2012-17) period has failed to cut much ice with the Planning Commission.
The PPP framework for these projects, like building hospitals and schools, will be different from the existing regime for infrastructure.
Besides, as urbanisation spreads, the country will consume more wheat, pulses and less rice and coarse cereals in the coming years.
The working group on food and public distribution constituted under the chairmanship of Planning Commission Deputy Chairman Montek Singh Ahluwalia is likely to recommend using the numbers effectively for streamlining PDS.
The government is expected to end the benefits under Section 10A and 10B of the Income Tax Act.
Small and medium information technology companies operating out of the Software Technology Park of India (STPI) and who have not relocated their business operations to the special economic zones (SEZs) could stand to lose a substantial part of their tax holidays after the forthcoming Budget.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances