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In post-COVID-19 world, India must boost healthcare by simplifying laws, encouraging private investment
India

In post-COVID-19 world, India must boost healthcare by simplifying laws, encouraging private investment

If the govt cannot create health infrastructure directly, it must create a policy environment to allow private players to do so.

In post-COVID world, rethinking livelihoods and laws necessary to help informal sector cope with new norm
India

In post-COVID world, rethinking livelihoods and laws necessary to help informal sector cope with new norm

With limited laws and policies governing them, informal workers are often left at the mercy of their employers.

JNU professor CP Chandrasekhar withdraws from Standing Committee on Statistics citing situation in university
Business

JNU professor CP Chandrasekhar withdraws from Standing Committee on Statistics citing situation in university

The committee was constituted last month to improve the quality of data amid criticism of the government over political interferences and is scheduled to meet on 7 January, 2020

Ravi Shankar Prasad retracts statement on success of movies indicating 'no economic slowdown', says 'factually incorrect'
India

Ravi Shankar Prasad retracts statement on success of movies indicating 'no economic slowdown', says 'factually incorrect'

Day after Union Minister Ravi Shankar Prasad said that three Bollywood movies generating business of Rs 120 crore on the 2 October holiday suggested a 'sound economy', he retracted the statement saying it was 'factually incorrect'

Ravi Shankar Prasad dismisses IMF remarks on economic slowdown, says three movies earning Rs 120 cr in day points to 'sound' economy
India

Ravi Shankar Prasad dismisses IMF remarks on economic slowdown, says three movies earning Rs 120 cr in day points to 'sound' economy

Union law minister Ravi Shankar Prasad termed wrong the National Sample Survey Organisation's report which claimed that unemployment was at a 45-year high

Indian economy struggles to expand with rising unemployment rates, stagnant wages, poor female participation in labour force
India

Indian economy struggles to expand with rising unemployment rates, stagnant wages, poor female participation in labour force

The unemployment rate of both male and female in urban areas in unambiguously higher than those in the countryside.

Question Hour in Rajya Sabha: Govt admits to data leak of unemployment figures ahead of May announcement, terms issue 'serious'
Politics

Question Hour in Rajya Sabha: Govt admits to data leak of unemployment figures ahead of May announcement, terms issue 'serious'

The government on Thursday admitted in the Rajya Sabha that there has been a data leak of unemployment figures and said efforts were being made to ascertain who was behind it.

TMC terms govt's aim to make India $5 trillion economy 'misleading', slams Budget for not mentioning rise in unemployment
India

TMC terms govt's aim to make India $5 trillion economy 'misleading', slams Budget for not mentioning rise in unemployment

Trinamool Congress on Tuesday hit out at the Central government over its aim of making India a five trillion dollar economy and accused it of shifting of goal posts like a "totalitarian" government.

GDP overestimation claim: Govt must address data pessimism by enlisting independent experts to end confusion
Business

GDP overestimation claim: Govt must address data pessimism by enlisting independent experts to end confusion

Finance Minister Nirmala Sitharaman may do well to call a bunch of former economic advisors and academicians in a special pre-budget session of extended consultations to put an end to the row

Unemployment rate among urban youth highest in December quarter; Bihar, Kerala among states with maximum number of jobless youngsters
Business

Unemployment rate among urban youth highest in December quarter; Bihar, Kerala among states with maximum number of jobless youngsters

Another side of the rising unemployment rate is that the job seekers between the age group of 20 and 29 opted for higher studies or decided to wait for their desired job according to their educational qualifications.

India's unemployment rate at multi-year high of 6.1% in 2017-18, confirms govt data
Business

India's unemployment rate at multi-year high of 6.1% in 2017-18, confirms govt data

India’s unemployment rate rose to 6.1% in the 2017/18 fiscal year, the statistics ministry said on Friday, matching data earlier leaked to a newspaper that said it was the highest level in at least 45 years

NITI Aayog for revamp, modernisation of statistical system; says there is need for real-time data to be captured
Business

NITI Aayog for revamp, modernisation of statistical system; says there is need for real-time data to be captured

NITI Aayog is in touch with the World Bank for modernising the country's statistical system

Corporate Affairs Ministry database fairly reliable, not a black box, says secretary Injeti Srinivas
Business

Corporate Affairs Ministry database fairly reliable, not a black box, says secretary Injeti Srinivas

The corporate affairs ministry maintains a fairly reliable database that is not a "black box", a senior official said on Thursday and emphasised that it is up to statistical authorities to decide on which data is representative for GDP calculation

Economists, investors increasingly show little or no confidence in India’s official economic data
Business

Economists, investors increasingly show little or no confidence in India’s official economic data

Economists and investors are increasingly showing that they have little or no confidence in India’s official economic data – presenting whoever is elected as the next prime minister with an immediate problem

NSSO report: GDP data was bound to be questioned due to methodological issues; it's time CSO redefines sample
Business

NSSO report: GDP data was bound to be questioned due to methodological issues; it's time CSO redefines sample

As other variables like employment, tax collections etc. are linked with GDP numbers, the data set will always be examined more than closely for faults

Firstpost Editor's Picks: CJI harassment charge, how coastal Karnataka was saffronised, NSSO report; today's must-read stories
India

Firstpost Editor's Picks: CJI harassment charge, how coastal Karnataka was saffronised, NSSO report; today's must-read stories

More than the decision itself, the decision-making process has left such a deep scar on the Supreme Court that it will take years, if not decades, to completely go away.

NSSO report confirms critics were right on GDP fiasco; distortion of data will be economic suicide
Business

NSSO report confirms critics were right on GDP fiasco; distortion of data will be economic suicide

No introspection into the likely lapses in the GDP data calculation process was initiated by the CSO, the topmost government agency in charge of official data handling.

Labour Day 2019: Not just vanishing private investments, high cost of labour too is killing India's job market
Business

Labour Day 2019: Not just vanishing private investments, high cost of labour too is killing India's job market

There is no major mention of labour reforms in the BJP manifesto, even the Congress manifesto which speaks GST reforms and job creation has paid no significant attention to labour law reforms

CMIE data shows unemployment rate crossed 8% in first three weeks of April; where are the jobs disappearing?
Business

CMIE data shows unemployment rate crossed 8% in first three weeks of April; where are the jobs disappearing?

The escalation in April unemployment figures, as CMIE itself points out, weakens the optimism seen in the latter half of March, when data showed an improvement in the scenario