National Statistical Commission

A Parliamentary panel on Tuesday stressed the need for a strong, independent National Statistical Commission (NSC) with statutory authority to ensure credibility of official statistics. The Parliamentary Standing Committee on Finance, in its 27th Report on Performance review of NSC' pertaining to the Ministry of Statistics and Programme Implementation, tabled in Parliament on Tuesday, noted that discrepancies between official and private data undermine trust due to a lack of uniform standards. The panel has recommended empowering the NSC as the nodal body to prescribe methodologies, harmonise data practices, and involve private agencies and experts through a permanent technical committee. Suggesting a provision of statutory authority to NSC and empowering it as the nodal national body for statistics, it said, "The Committee stressed the need for a strong, independent National Statistical Commission (NSC) with statutory authority to ensure credibility of official statistics." The ..

The survey will collect data on daily domestic travel patterns to help shape policies on infrastructure and transport, covering all of India except remote A&N villages

ASUSE data shows a rise in unincorporated sector jobs, but reliance on own account enterprises sparks questions about economic health and formal sector job creation

A base year is the reference year whose prices are used to calculate the real growth (minus inflation) in national income

Tussle between the commission and govt agencies has been going on since its inception in 2006,' says former NSC head

According to ASI data, the employment in the manufacturing sector during the Covid pandemic year (FY21) declined by 3.2 per cent (year-on-year) to 16.08 million

Underscoring the ramifications that data gaps have a cascading effect on the economy, the Karnataka High Court has dismissed a petition filed by a company that did not provide statistics of its operations for the year 2011. Action had been initiated against M/s Masturlal Pvt Ltd, which manufactures technical units of textiles used in industries, under the Collection of Statistics Act in 2015. The company approached the HC in 2022 against it. In a recent judgement, Justice M Nagaprasanna said any negligence on the part of any company will undoubtedly have a spiralling effect on the economic policies of the nation, which is the driving force of any nation among others. On the significance of the data collection, the HC said: "It is in public domain that Indian statistical system is one of the best systems in the world. The country participates in all the international and regional organisations of the United National Economic and Social Commission for Asia and the Pacific on statistic

In line with the Rangarajan Commission's recommendations on June 1, 2005, the Centre set up a NSC to serve as a nodal and empowered body for all core statistical activities of the country

The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra

The National Statistical Office shall release the GDP data for the second quarter on 30th November

The current datelines imply the GDP changes will happen only after the general elections of 2024

Payroll data released by the National Statistical Office shows only 18.67 per cent of the persons that rejoined and re-subscribed employees' provident fund (EPF) are female

New EPF subscribers increased marginally to 10,54,261 in June from 10,07,441 in May 2022 and 10,09,689 in April, according to data published by the National Statistical Office

Even short-term forecasting has become a challenge due to pandemic, says Shaktikanta Das

Growth has not come roaring back after the pandemic

Joblessness was high in October-December in 2020 mainly due to the staggering impact of the lockdown restrictions in the country, which were imposed to curb the spread of the deadly coronavirus

The NSO also released the GDP data for October-December (Q3) of FY22

Portal data.gov.in is difficult to negotiate and it is outdated, defeating the purpose of understanding economy and policy

A recently released report that says India's informal sector has shrunk, raises more questions that it answers

Unemployment rate rose to 13.3 per cent in July-September 2020 as compared to 8.4 per cent in the year-ago period, according to a periodic labour force survey by the National Statistical Office