Experts say the party is undoing what it achieved through MNREGA by targeting beneficiaries

With the two members quitting, the NSC now has only two members -- Chief Statistician Pravin Srivastava and NITI Aayog CEO Amitabh Kant.

Chidambaram had termed the revision of GDP data as a 'hatchet job' by Niti Aayog and said it was time to windup the 'utterly worthless body'.

The new numbers show India's economic growth rate averaged 6.7 per cent during the Congress-led United Progressive Alliance regime as compared to 7.3 per cent under the present government. Previous numbers had put the average growth rate during the 10-year UPA rule at 7.75 per cent.

Crorepatis' income rose by a staggering 40% between 2015-2016 and 2017-2018.

More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings

'Political parties bring out money they have stashed away and start spending it. How large that spending will be depends on how much money has been stashed. So, you are going to have a strong upside coming from the election effect,' says Pronab Sen.

Data on the new series given by a panel on real sector statistics shows that GDP grew by 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11. There are some years for which the new figures show a deceleration in growth as well. The new series has 2011-12 as the base year while the earlier series had 2004-05 and 1993-94.

Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.

Economists, however, caution against interpreting the data as a broad-based revival

The Board of Control for Cricket in India on Saturday recommended former Indian women's team captain Diana Edulji for the prestigious Lifetime Achievement Award, an honour she declined citing her current role in the board as a Supreme Court-appointed Committee of Administrator (COA) member.

The number of new jobs created declined by around 65 per cent to 64,000 in April-June 2017, from 185,000 in January-March 2017, according to the Labour Bureau's quarterly report on employment.

No one expects the government to publicly concede policy mistakes. But it can shed denial; and, stop the point-winning debating style to the formulation of public policy, says Rahul Khullar.

The government has spent a little less than one-third of the Budget estimate of capital expenditure, it can still spend about Rs 20,000 crore this year without disturbing its fiscal deficit target.

While Bibek Debroy echoed his view in Twitter, Pronob Sen questioned Kumar's conclusion

The party's research centre, overseen by chief Sonia Gandhi, provides members with solid facts that can be used to target the Centre.

There will be a dramatic alteration in the role the Centre and the states will play to shape India's fiscal and economic destiny, report Nitin Sethi and Ishan Bakshi.

'I expect fourth quarter GDP growth to be sharply down.' 'I would imagine it would shave off at least one percentage point, if not more, as compared to the third quarter.'

It is not a good idea to take the line that since demonetisation happened in the third quarter, everything that happened then was a consequence of that, says Chief Statistician TCA Anant.

Much of the Q3 data will simply not be available for the CSO to factor in its calculation.

The mismatch between PMI and core sector could also be due to the fact that while core sector is calculated year-on-year, PMI is calculated month-on-month.

The bigger worry is that its effects could linger well into the next financial year.

Pronab Sen, the government's former chief statistician, says contrary to perception, GDP growth won't be drastically hit in the present quarter.

The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.

RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.

Budget announcements will come right before five states, with population of around 250 million, go to polls.

'RBI and the economy will gain tremendously from Urjit Patel's experience in both private and public sectors'

The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.

This time there has been a rather peculiar criticism of the latest GDP numbers.

The prospect of further falls in remittances is a hindrance for the Reserve Bank of India, as it seeks to bullet-proof the economy against sudden capital outflows

India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus

India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.

Between 2001 and 2011, the number of rural habitations with population of less than 1,000 has declined sharply

The greatest disconnect lies in the estimates of industrial growth.

'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'

Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.

SBI data shows the per-capita payouts for scheme have shot up this year.

Union Budget had projected the fiscal deficit at Rs 5.56 lakh crore.

Fresh investments are constrained by tepid demand.

Andhra Pradesh posted 8.14% consumer inflation in October.