India's new national accounts will leverage new data sources and surveys to enhance the measurement of the country's informal economy, and introduce double deflation methods across sectors, replacing the current system that relies on a single deflation mechanism in Gross Domestic Product (GDP) calculations.
The relief and rehabilitation measures were running in full swing with Chief Minister Nitish Kumar launching a drive under which over Rs 180 crore were disbursed among affected people through direct cash transfer.
This is due to the newly formed Union Territories of Jammu and Kashmir, and Ladakh, which will get funds from the Centre's share, which means devolution will be for 28 states compared to 29 earlier.
The states will be asked to tap the Centre's JAM trinity.
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