'Uncertainty level A in the morning, uncertainty level B in the afternoon. If I answer about tariff rates now, I'll be outdated by the evening.'
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 Pradhan Mantri Awas Yojana-Grameen has the highest unutilised amount (Rs 13,111 crore) compared to any other centrally sponsored scheme.
'It has been an ongoing process, talking to the relevant ministries about eliminating leakages and curbing non-core expenditure in various schemes.'
'The global situation is not very good.'
'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'
Union finance secretary T V Somanathan recently said the Centre had saved Rs 10,000 crore in FY22 on interest payments after adopting new accounting mechanisms for central government agencies and centrally sponsored schemes (CSS) for state governments. Speaking at an event, Somanathan said due to these, there was an unspent balance of Rs 1.2 trillion with state agencies from CSS as on March 31, 2022. This means this amount will be reduced from the Centre's borrowing for now and it can be considered a short-term saving for the exchequer.
We invited readers to send in their interesting monsoon snapshots. Here are some more responses -- and you can share yours too!
The probe into the near-collision between a helicopter belonging to the Presidential fleet and an Air India aircraft at Mumbai airport in February has found that the Indian Air Force chopper landed on the runway without clearance from the air traffic control.
Images from the Indian and South African teams' training sessions at the Eden Gardens on Friday.
"I will repeatedly say that my husband is innocent and he never the act alleged by Pakistani police. He is very humble and down to earth and could never snatch the life of any human being," Sarabjit's wife Sukhpreet Kaur told media persons. She said the family was still optimistic about his repatriation and urged President Pratibha Patil, the prime minister and the Union home minister to talk with Pakistan President Pervez Musharraf on the matter.
Denmark and Sweden will not risk playing for anything less than victory when they meet in the Euro 2004 Group C decider.
The clearance to the proposal of "procurement of VVPAT units" was given by the Cabinet chaired by Prime Minister Narendra Modi after a brief discussion. The EC has sought Rs 3,174 crore in all for procuring over 16 lakh paper trail machines to cover all polling stations in the country.
The revision of the consumer price index and GDP base years from 2011-12 and 2012, respectively, were dependent on the outcomes of the consumer expenditure survey of 2017-18 that the government decided to junk recently.
Subramanian's paper comes at a time when concerns have been raised in various quarters about the official economic growth numbers. The Economic Advisory Council-PM said the Base Year of India's income calculations were shifted to 2011-12 on the basis of recommendations of several committees with experts in national income accounting.
'The economy may not improve unless you admit there are some problems.'
In fresh trouble for former Maharashtra chief minister Ashok Chavan, the Election Commission on Sunday slapped a showcause notice on him for failing to lodge his election expenses as per law in a paid news case and asked him why he should not be disqualified.
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