Even if no statistical jugglery is afoot, the "noise" in India's GDP numbers should be eliminated in order to hear the underlying music without distortion, writes T N Ninan

Economic growth, GDP

Business Standard

The 15 per cent Y-o-Y growth in November came despite weak external conditions

These are tactics used by online platforms to manipulate or heavily influence customers to make certain choices

digital business

GST collections jumped 15 per cent to nearly Rs 1.68 lakh crore in November, the finance ministry said on Friday.
Goods and Services Tax (GST) mop-up was over Rs 1.45 lakh crore in November 2022.
"The gross GST revenue collected in the month of November 2023 is Rs 1,67,929 crore, out of which CGST is Rs 30,420 crore, SGST is Rs 38,226 crore, IGST is Rs 87,009 crore (including Rs 39,198 crore collected on import of goods) and cess is Rs 12,274 crore (including Rs 1,036 crore collected on import of goods)," the ministry said in a statement.
The November 2023 collections are, however, lower than Rs 1.72 lakh crore mopped up in October -- the second-highest collection ever since the GST rollout.
Revenues for November 2023 are 15 per cent higher than the GST revenues in the same month last year and the highest for any month year-on-year during 2023-24, up to November 2023, the ministry said.

Press Trust of India

The MoU also demonstrates the importance of cross-border cooperation to facilitate international clearing activities and the BoE's commitment to deference to other regulators' regimes

In November last year, Prosus first slashed the fair value of Byju's to $5.97 billion

Byju's

India has constituted a high-level inquiry committee to probe allegations relating to a conspiracy to kill a Sikh extremist on American soil.
The Financial Times, citing unnamed sources, last week reported that US authorities thwarted a plot to assassinate Gurpatwant Singh Pannun, and issued a warning to the Indian government over concerns it was involved in the plot.
External Affairs Ministry Spokesperson Arindam Bagchi said India constituted a high-level inquiry committee on November 18 to look into all the relevant aspects of the matter.
"We have already said that during the course of discussions with the US on bilateral security cooperation, the US side shared some inputs pertaining to nexus between organised criminals, gun runners, terrorists and others," Bagchi said.
He was replying to a media query on the matter.
"We
had also indicated that India takes such inputs seriously since they impinge on our national security interests as well, and relevant departments were already

pannun, Gurpatwant Singh Pannun

'Situationship', 'swiftie', 'beige flag' and 'de-influencing' are among the eight words on the shortlist for Oxford Word of the Year for 2023, officials said on Wednesday.
According to officials at the Oxford University Press (OUP), the eight words will be opened up to head-to-head voting by the public with one winner emerging from each of those competitions, narrowing the field down to just four finalists.
Experts will then perform one last detailed analysis of the corpus data, taking into account the votes and public commentary on the finalists, and name the definitive word of the year for 2023.
The shortlist of eight words has been selected by the language experts at OUP.
They have examined the 19-billion-word corpus of spoken and written language data for words or expressions that have seen a spike in usage or that have been recently added to the language (neologisms), officials said.
While 'situationship' is a term used for a romantic or sexual relationship that is not consid

Oxford English Dictionary

Pakistan Tehreek-e-Insaf (PTI) is set to conduct intra-party elections within the 20-day time frame set by the election commission to retain the 'bat' as its electoral symbol

Imran Khan, Former Pak PM

Suhana Swasthyam: The Global Festival of Wellness takes center stage from December 1st to 3rd Dec in Pune

Gautam Adani, Adani

Murthy said that over the years, he has transformed from a 'confused leftist' to a 'determined compassionate capitalist'

Narayan Murthy

An Indian national was on Wednesday charged here by federal prosecutors in connection with his participation in a foiled plot to assassinate a Sikh separatist on American soil.
Nikhil Gupta, 52, has been charged with murder-for-hire, which carries a maximum sentence of 10 years in prison, and conspiracy to commit murder-for-hire, which carries a maximum sentence of 10 years in prison, US Attorney for the Southern District of New York Matthew G. Olsen said.
US authorities said Gupta agreed to pay an assassin USD 100,000 to kill the Sikh separatist leader living in New York City.
"On or about June 9, 2023, CC-1 and GUPTA arranged for an associate to deliver USD 15,000 in cash to the UC in Manhattan, New York, as an advance payment for the murder," according to the charges.
The indictment has not named the US citizen but The Financial Times, citing unnamed sources, last week reported that US authorities thwarted a plot to assassinate banned Sikhs for Justice's Gurpatwant Singh Pannun,

Axis Mutual Fund on Wednesday launched a manufacturing fund and has set a target of collecting at least Rs 2,500 crore during the offer period.
The Axis Bank subsidiary which competes with 44 other players, is also eyeing around Rs 3 lakh AUM by the end of this fiscal, given the market rally.
The fund house opened the year with an AUM (assets under management) over Rs 2.25 lakh crore.
The open-ended equity scheme represents the manufacturing theme and opens for subscription from December 1 and closes on December 15.
The fund will track Nifty manufacturing index and will be managed by Shreyash Devalkar and Nitin Arora, the company announced here.
If 10 per cent of the investment is redeemed/switched within 12 months from the date of allotment there will be no exit load, while for the remaining investment there will be a 1 per cent charge, B Gop Kumar, managing director & chief executive of the fund house said.
On the overall AUM target for the year, Kumar said the growth has been

mutual funds, MFs

The Central Drugs Standard Control Organisation (CDSCO) and state drug inspectors have been conducting inspections as part of a massive nationwide crackdown on spurious and substandard medicines

pharma, medicine, drugs

Anil Bedia, Rajendra Bedia, and Sukra Bedia returned to their village late on Friday night

Uttrakhand tunnel rescue, rat miners, rat mining

The Enforcement Directorate (ED) has registered a case of money laundering concerning the alleged fraud in setting up oxygen plants in hospitals during the COVID-19 pandemic, police said on Saturday.
The police's economic offences wing (EOW) had on November 24 arrested contractor Romil Chheda of M/s Highway Construction Company for allegedly causing the Brihanmumbai Municipal Corporation (BMC) a loss of Rs 6 crore, an official said.
The ED on Friday registered a case under the Prevention of Money Laundering Act (PMLA) in connection with the fraud, he said.
Chheda was awarded a contract to set up oxygen plants in nine BMC-run hospitals and two jumbo COVID-19 centres despite allegedly not having prior experience in executing such work, he said.
According to the EOW, the fraud took place between April 2021 and January 2022 at the municipal workshop in Byculla and the oxygen plants on the premises of civic-run hospitals  V N Desai, Dr Babasaheb Ambedkar, GTB, Kasturba, BYL Nair, R N ..

Enforcement Directorate

The Jharkhand government has put its hospitals on alert, asking them for surveillance, preventive measures and testing of respiratory illness cases in the backdrop of a mysterious pneumonia outbreak in China, officials said on Saturday.
In a letter to the district administrations, Additional Chief Secretary for Health Arun Kumar Singh directed them to remain prepared and keep a constant vigil on the situation.
"In view of the recently reported surge in respiratory illness, especially in children in Northern China, in the recent weeks, this is to bring to your kind notice that there is an urgent need to keep a constant vigil, monitor trends of cases and quickly respond to any emerging public health," Singh said in the letter.
In view of the ongoing influenza, there might be an increase in respiratory illness cases, he said.
"This is predominantly attributed to usual causes like Influenza strain (H1N1/H3N2/H5N1/H9N2 etc.), mycoplasma pneumonia, SARS-CoV-2, etc," Singh said.
"In orde

china, clinics, pneumonia

Vice President Jagdeep Dhankhar on Saturday lamented that retired judges have kept the arbitral system of the country in a "tight fist grip", denying chance to other qualified minds.
He suggested that the time has come when we need to introspect and move forward by bringing about necessary changes, including, if required, by legislation.
"Nowhere on the planet, in no other country, in no other system, there is such tight fist grip on the arbitral system by retired judges. In our country, this is at large," he said.
He also lauded the "bold" remarks of Chief Justice of India D Y Chandrachud -- a person, he said, is changing the landscape of judiciary in the country -- on the arbitral system in India.
Dhankhar said the CJI reflected on the lack of diversity in appointing arbitrators. Chandrachud, Dhankhar quoted, had said retired judges dominate the field.
"He goes on to add, and I salute him for this, he said while other qualified candidates are overlooked, he implied this reflects

Jagdeep Dhankhar

Vaishali is also the sister of young 18-year-old chess sensation Praggnanandhaa, making them the first-ever grandmaster siblings pair in the game's history

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Three workers rescued from Uttarakhand tunnel return to Jharkhand

ED registers money laundering case in connection with oxygen plant fraud

Jharkhand puts hospitals on alert amid pneumonia outbreak in China

Retired judges keeping country's arbitral system in tight fist grip: VP

Vaishali Rameshbabu becomes India's third female Chess grandmaster

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Handle with care: India's latest GDP numbers flatter but don't deceive

GST mop-up rises 15% to Rs 1.68 trn; two-wheeler sales enter fast lane

Dark patterns: Govt sets guidelines of the game for digital business

GST collections jump 15% to Rs 1.68 trillion in Nov: Finance Ministry

RBI, Bank of England sign agreement to exchange information on CCIL

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