As web-based media sites publish a woman's allegations of sexual harassment against CJI Ranjan Gogoi, the Supreme Court Secretariat denies all charges and Justice Gogoi recuses himself from passing orders. He says it is a larger conspiracy to destabilize the judiciary

News Snippets

  • BCCI ombudsman fines Hardik Pandya and KL Rahul Rs 20 lakhs each for misogynistic comments on the chat show Koffee With Karan
  • Buzz around BJP fielding Sunny Deol from Amritsar as Amit Shah meets the actor
  • EC bans web series on Modi and asks the channel to take down all content
  • #MeToo reaches Supreme Court. Former junior research assistant levels sexual harassment charges against CJI Ranjan Gogoi
  • In West Bengal, official in charge of EVMs goes missing but EC says it is for personal reasons
  • Mulayam and Mayawati share the stage at Mainpuri to bury 24-year old enmity
  • After nation-wide outrage, Pragya apologizes and says Karkare was a martyr who was killed by enemy bullets
  • BJP says Pragya's statement are her personal views
  • Pragya Thakur, Malegaon blasts accused and BJP candidate from Bhopal, says police officer Hemant Karkare of anti-terror squad, tortured her in jail and was killed in the 26/11 operations due to her "curse"
  • PM Modi defends choice of Pragya Thakur as BJP's contestant from Bhopal
  • India suspends trade across the Line of Control with Pakistan
  • PM Modi says Pak PM Imran Khan tried to influence Indian elections with "reverse swing" by making comments favouring him
  • 66% voting recorded in phase 2. sporadic violence reported from many places, especially West Bengal
  • Election Commission bans chowkidar chor hai campaign in MP
  • BJP workers' son commits suicide by hanging from a tree in West Bengal
hqdefault
Economic Data Should Not Be Window Dressed

By Sunil Garodia

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Writes for a number of publications.

It needs to be recognized that modern economy – in fact, even society – is increasingly being driven by data. Hence, it is imperative that data collection, analysis and presentation are robust, timely and credible. Since the Indian economy is in the top six in the world and growing at a good rate, both domestic and international investors look to invest here and their decisions are largely based on sectoral data and related policy decisions of the government. The government also takes policy decisions based on economic data.

Hence, frequent tinkering with back data confuses economists and investors and is not good for generating inflow of funds in the economy or for formulating policy. The NDA government has shifted the base year for calculations from 2004-05 to 2011-12. While there is nothing intrinsically wrong in this as it brings data closer to current prices given that inflation skews the figures over time, the effects have triggered a political row. The new set of back data show that the growth rate during the first four years of UPA I & II was 6.7%, much lower than the earlier figure of 8.1% (with 2004-05 as base) and lower than the 7.4% achieved under NDA in the last four years (with 2011-12 as base).

Periodic updating of the base year is necessary and is done in all economies across the globe. It is not as if the UPA growth rate has been rubbished by the new set of data. Those who understand economics, statistics and data will always talk about growth rates as per the base year from which they are calculated. Hence, there is no need for political squabbling. But it also needs to be stressed that frequent tinkering with data, window dressing figures and presenting them in slanted way is not proper and should be avoided at all costs.

In Depth

holymenandthecurse

Pragya Thakur, Sakshi Maharaj And The Power Of The Curse

Editor's Pick

chowkidar stay alert

Yes, I Would Like My Children To Be Chowkidars

Election Special - National

EC acts

EC Acts To Ban Yogi, Mayawati, Maneka and Azam Khan From Campaigning

Election Special - States

evms and naidu

Who Is Defeating Chandrababu Naidu – Jagan Reddy Or EVMs?

mobiles