Narendra Singh Tomar has been given the additional charge of the ministry of parliamentary affairs and D V Sadananda Gowda that of the ministry of chemicals and fertilisers.
As many as 251 projects are delayed and 116 works were sanctioned without any commissioning schedule.
As many as 483 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.43 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,781 such projects, 483 reported cost overruns and 504 were delayed.
Congress President Sonia Gandhi has not sought any reimbursement for medical bills from the government, the Central Information Commission has said.
It is human error, which cannot be completely avoided in complex data like the Index of Industrial Production (IIP), says T C A Anant.
Faced with elections in Uttar Pradesh, home to a large Muslim population, the Centre has already announced that it will implement the Sachar report in toto.
Factory production expanded by 1.3 per cent on an annual basis in January on account of better performance by mining and manufacturing sectors, though capital goods segment remained in contraction mode, as per government data released on Friday. The Index of Industrial Production (IIP) had contracted by 0.6 per cent in January 2021. The growth was 0.7 per cent in December 2021. As per the data released by the Ministry of Statistics and Programme Implementation, the growth in the mining sector was 2.8 per cent against a contraction of 2.4 per cent in January 2021.
Consumer durables shrank year on year, which could suggest to observers that spending confidence is yet to return to the economy.
'The pace of disbursement and project recommendation picks up as the tenure of the House draws near and usually all amount is released.'
From the Sensex pack, Reliance Industries fell the most by 2 per cent. Tata Steel, Bajaj Finserv, ITC, NTPC, Bharti Airtel, Tech Mahindra, Titan, Axis Bank and Bajaj Finance were among the other major laggards.
Some of the reasons for time overruns were delay in land acquisition, delay in forest clearance, Maoist activities, law and order, delay in supply of material.
While the index of industrial production series is justly criticised for its flaws and its volatility, its trend is unmistakable.
Strangely, no consolidated figures on infrastructure investments made on ground are ever disseminated by any official arm of the Government of India.
The three-year comparison results from the lack of corresponding figures for 2009-10 and 2010-11, as MoSPI publishes data with a huge lag.
The finance ministry and Reserve Bank of India have reservations on the computation of inflation data on a monthly basis, a senior government official said on Thursday. Finance Minister P Chidambaram will have to meet the Reserve Bank to reach a consensus on the committee's suggestions to have a new series of WPI on a monthly basis, he said on the sidelines of a function to release the results of the Fifth Economic Census.
PM-led body won't have jurisdiction over state-level issues that contribute most to delays.
Though it was 2.7 per cent higher compared to the corresponding month last year, this could be just a blip if one look at the performance of individual components of the index.
The Ministry of Statistics and Programme Implementation (MOSPI) is in talks with the Department of Posts to take the help of its staff in collecting sample data for the proposed Consumer Price Index for Rural India (CPI-R). The data for the index would be collected from 1,000 villages, Chief Statistician of India Pronab Sen said on the sidelines of a national seminar on the results of the 61st round of the National Sample Survey.
India's economic growth will be above 6 per cent in the current fiscal as the country has managed to strengthen its macroeconomic stability and performance even in a period of large global shocks, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said on Monday. Goyal further said that a global slowdown reducing India's export growth, geopolitics fueling oil and food prices, and erratic weather are some of the continuing risks that the country faces. "India has managed to strengthen its macroeconomic stability and performance even in a period of large global shocks.
Factory production expanded by 1.7 per cent on an annual basis in February on account of improved performance by the mining and power generation sectors, as per government data released on Tuesday. The Index of Industrial Production (IIP) had contracted by 3.2 per cent in February 2021. The growth was 1.5 per cent in January 2022. As per the data released by the Ministry of Statistics and Programme Implementation, the growth in the mining sector was 4.5 per cent against a contraction of 4.4 per cent in February 2021.
Economies of Punjab, Andhra Pradesh, Madhya Pradesh, Uttarakhand and Haryana may have grown at a slower pace than the national economy during 2022-2023.
As many as 449 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.29 lakh crore, according to a report. The ministry of statistics and programme implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,736 such projects, 449 reported cost overruns and 547 were delayed.
The figure was arrived based on a comparison with the annual all-India CPI index average for the whole of 2010.
Correcting the industrial output figures twice within span of a few hours, the government on Thursday said IIP grew at 2.3 per cent in April instead of 2 per cent reported on Wednesday.
Sikkim tops the charts with a growth rate of 20.53 per cent based on compounded annual growth rate in the last five years.
Facing embarrassment after throwing forward sharply different economic growth figures based on two different methodologies, the government will soon set the record straight on the pace of economic expansion.
For the economy to grow by 6.9 per cent in 2011-12, GDP growth for the fourth quarter needs to be 6.9 per cent.
In current prices, salaries jumped by 24.8 per cent in 2010-12, while in real terms, wages rose by 18.1 per cent.
Govt issues draft on new index calculation; other sectors to follow suit in phases.
Wholesale price-based inflation, which dipped to sub-zero levels following the impact of the global crisis, has started firming up and rose to 7.3 per cent in December, 2009.
The Annual Survey of Industry, carried out by the Ministry of Statistics and Programme Implementation for the year 2008-09 shows that the growth in Gross Value Addition in the manufacturing industry nearly halved to 10.59 per cent from 20.12 per cent in 2007-08.
MoSPI showed Maharashtra as the state with the least economic growth in 2011-12.
New chief statistician T C A Anant said on Monday hiking fuel prices was a better option than keeping them artificially low and widening the fiscal deficit, even as the Opposition organised a nationwide strike against the government's decision on Monday.
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.
The government revised the economic growth rate for 2010-11 financial year slightly downto 8.4 per cent from the earlier estimate of 8.5 per cent.
The reshuffle in portfolios carried out by Prime Minister Manmohan Singh has apparently left some ministers unhappy, as some of them made their discontent clear through cynical remarks on Thursday. "I have forgotten that time (as a sports minister)...God has screwed my head in such a way that I can't look back and look forward." This is how M S Gill, who has been shunted out from the sports ministry to statistics and programme implementation, reacted.
Once seen as a spokesman of the government on internal security matters, Sriprakash Jaiswal was on Wednesday elevated to Cabinet rank and retained in the coal ministry. A three-time Lok Sabha member from Kanpur, Jaiswal's elevation to the Cabinet rank comes at a time when elections are scheduled in Uttar Pradesh, where he served as the state unit chief of the Congress. He has shed the portfolio of statistics and programme implementation.
The government on Monday admitted in Rajya Sabha that almost half of 951 central sector projects are delayed resulting in cost overrun to the tune of over Rs 40,000 crore (Rs 400 billion).
In May 2019, the food inflation was 1.83 per cent as per the full CPI data released for that period.
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