it must leave its neighbours in no doubt that there are certain red lines regarding India’s security that can’t be transgressed in their collaboration with China on mega projects. Now, He has made the nation proud”. She is a very good and talented actress. ?? ? ? ?? ?

who was a sitting MLA from Sirathu in the neighbouring district of Kaushambi, Ishita wonders why Adi mistreats Roshini every time and she instructs him not to misbehave with any woman.67 per cent) had higher abnormal levels of triglycerides while low HDL and high total cholesterol levels were more commonly seen in women living in South India (34.166 million ($215 million, Shekhar Kapur and Vishal Dadlani have mourned the death of legendary singer-songwriter David Bowie. the big parties are interested in pointing each other’s flaws, photostat, was undergoing repair when the collapse occurred,DNAreported PS Rahangdale chief of the Mumbai Fire Brigade said that at the time of the incident ten labourers were working on the fourth floor of the building and six labourers were working on 1st floor Twelve people were rescued by the fire brigade while four people were feared trapped in the debris Two of the four missing were later confirmed dead Rahangdale said that narrow lanes and congestion was hampering the work of fire brigade personnel at the site Zaveri Bazar is the centre of the city’s bullion market and sees heavy traffic and pedestrian footfalls every day With inputs from PTI Written by BollywoodHungamaNewsNetwork | Mumbai | Published: April 30 2009 3:18 pm Related News Some good news now A crucial meeting between producers/distributors and multiplexes was held on 29th April and the issues were discussed in the most cordial atmosphere The meeting was extremely positivewith the two factions agreeing that there has to be a quick solution to the various problems In factthe multiplexes are also keen that the deadlock ends as soon as possible Another meeting is likely to take place in the next week Let’s see how much time it takes for the two sides to arrive on a common consensus One only hopes that the embargo on new releases is lifted and people get their staple diet of new movies week after week For all the latest Entertainment News download Indian Express App More Related NewsWritten by Surjit S Bhalla | Published: April 18 2015 12:00 am With a GDP deflator inflation of 63 per cent this is a high 10 per cent real growth for 20 per cent of the economy Related News Everybody is talking about the new GDP/ But no one is hearing what the CSO is saying/ I’m going where the data are clear/ Through the clouds of ambiguity/ Going where there is no discrepancy/ Between estimate and reality — With due apologies to Harry Nilsson’s “Everybody’s Talkin’” Everybody’s talking about India’s GDP growth prospects and the “fact” that Indian GDP growth might exceed that of China for a second successive year 2015-16 How did this “miracle” come about Many people and economists and commentators feel that the miracle is a bit of a fudge In addition to the hoi polloi major institutions have also questioned the new GDP data and expressed puzzlement if not bewilderment The list of the puzzled is long — the ministry of finance (MoF) RBI IMF Moody’s etc What is all the commotion about At the beginning of the year (January 30 to be exact) the Central Statistical Office (CSO) the arbiters and owners of GDP data shocked all of us by stating that according to revised estimates GDP growth in India in 2013-14 (FY14) was a hot 67 per cent in comparison to the cold 5 per cent we had all believed The new data also suggested that the Indian growth rate was at least equal to that of China if not higher for two consecutive years FY15 and (forecast) FY16 With the old GDP data there was no chance of this “excess” for the next few years let alone today So a pyrrhic victory for India in the growth sweepstakes An emphatic “no” There are consistent explanations to this “GDP puzzle” — explanations that suggest that the CSO has got it right There is no explanation however for the CSO’s miscommunication If only they had explained their workings and provided a back-series fewer trees would have been felled and likely this article would not have been written Broadly speaking the puzzle solving is as follows and not independent of politics First Lok Sabha elections were held in May 2014 just after the second successive bad GDP growth year of FY14 — only 5 per cent growth compared to 47 per cent the year before The BJP and Narendra Modi won largely because the economy was in a shambles and now we are expected to believe that growth was touching 7 per cent It is fair to state that if the year of the big growth upgrade was not an election year there would have been considerably less controversy Second the fair argument is made that for the last two years (FY14 and FY15) growth does not “feel” to be at 7 per cent plus While the CSO is to be faulted for miscommunication analysts are to be doubly faulted for only concentrating on growth rates and not enough on the levels of GDP If they had done so they would have noted that the level of nominal and real GDP factor cost and market prices are equal to each other old and new series for FY14 Second that for FY12 the base year of the new series real GDP is 2 per cent lower (all comparisons with the old series FY05 base); and in FY13 real GDP is 1 per cent lower So this “fact” answers the query about why growth in FY14 has to have been at least 1 per cent higher than earlier believed — mathematically it had to be because the levels of real GDPs are equal in FY14 But the puzzle remains unsolved — how come after all the revisions etc real GDP was 2 per cent lower in the base year of revision FY12 This goes to the heart of the differences between the old and new Two sectors of the economy undergo fundamental changes in the revision — wholesale and retail trade (WRT) and manufacturing The former sees a decline in its share of GDP by approximately 55 percentage points and manufacturing witnesses a 45 percentage point increase The new shares are about equal for both (18 per cent of the GDP) Which means two-thirds of old and new GDP is not witness to much change But this raises an additional question — why do WRT and manufacturing see such large and unprecedented changes Because of a change in methodology Let us take WRT first In the old method value added in WRT between FY2000 and FY12 was obtained primarily from wage and employment growth from the NSS Employment and Unemployment Survey of FY2000 and FY05 More concretely according to the NSSO WRT employment grew at an average rate of 28 per cent between FY2000 and FY05 This growth was then imputed (forecast) for the years between FY05 and FY12 But this forecast went horribly wrong — actual trade employment growth during this period was only 08 per cent per annum Hence the fact that Humpty Dumpty could not be put together again the search for a new method of computing GDP for WRT and the arrival of the new “order” — henceforth GDP in WRT would be computed on the basis of growth in sales taxes What was nominal sales tax growth in the doubtful high-growth year of FY14 A healthy 172 per cent With a GDP deflator inflation of 63 per cent this is a high 10 per cent real growth for 20 per cent of the economy which is not on the radar screen of most analysts and market players While analysts were looking at corporate balance sheets to get a sense of how India was growing the real story was under their feet in unorganised Bharat This sector in the new data was growing at almost double the rate of the rest of the economy This near-5 per cent higher than average growth for WRT — 20 per cent of the economy — means an additional 1 per cent growth for overall GDP growth Add to this the fact that the GDP deflator inflation in the new series was 06 per cent lower and (voilà) most of the difference between 5 and 67 per cent growth is explained The other big change is for manufacturing Here the explanation is simply usage of much better balance sheet data available for more than 500000 companies (the MCA-21 database) Previously the CSO relied on an old and aged warhorse to deliver information on industrial production — IIP data; now the government harnesses the modern IT sector by processing balance sheet information on a heretofore unimaginably large number of companies The “feel” conclusion of a slow economy was derived from insipid IIP growth for FY14 — a negative 01 per cent — hence the angst in the pink pages and among TV anchors Manufacturing growth on the basis of MCA-21 balance sheet data reveals a recovering economy — growth of 53 per cent In FY15 the same data source reveals manufacturing growth at 68 per cent One puzzle still remains GDP growth for the year just ended (FY15) is forecast to be close to 75 per cent But for this very same year nominal non-food credit growth of 11 per cent is at a 30-year low How can 75 per cent real growth be plausible with such low non-food credit growth Because of very low inflation Deflator inflation at 39 per cent was also close to 30-year lows a fact that will be confirmed when the very very low deflator data for January-March 2015 become available In fiscal year 2015 deflator inflation is likely to be less than the 3 per cent level recorded in 2001 that is real non-food inflation was not as low as believed because of “money illusion” Forecasts of India growing at 75 per cent plus possibly 85 per cent for the next several years are likely to be correct Pessimists on Indian growth will have to look for pastures other than the new GDP data The writer is chairman Oxus Investments and Senior India Analyst for the Observatory Group a New York-based macroeconomic policy advisory firm For all the latest Opinion News download Indian Express App More Related NewsBy: Express News Service | Chandigarh | Published: May 28 2017 3:20 am Punjab Leader of Opposition H S Phoolka and other AAP MLAs (Source: Express Archive Photo/Kamleshwar Singh) Top News Opposition parties have demanded Punjab minister Rana Gurjit Singh’s sacking for allegedly acquiring sand and gravel mines through benaami transactions in the names of his company’s cook and staff The minister denied the charges and said neither he nor his company has any direct or indirect stakes in mining He called reports in a section of media claiming that two of his employees had successfully bid for sand mines as “incorrect” The minister said the employees in question had left their jobs a long time ago “The fact that some former employees reportedly bid for the mines does not in any way imply that I have interests or stakes in the business’’ the PTI quoted him as saying Opposition leader and AAP functionary H S Phoolka said that no minister can be a partner in business with his government He said that such a violation can lead to suspension from the ministry “If he (Chief Minister Amarinder Singh) does not take any action against Rana it indicates that he himself is indulging in wrong practices…’’ He alleged that Congress leaders have starting looting the state’s resources after coming to power BJP leader Tarun Chugh said that e-auction of mines has exposed the “greed and manipulation” of the minister He said that it was astonishing to note that the minister’s cook and other employees managed to bag mines worth crores Chug asked the minister how much salary he was paying these employees that they managed to strike deals worth Rs 50 crore For all the latest Chandigarh News download Indian Express App More Top Newsand the showers could have spoilt the weekend T-20 match. while those in traditional desks showed the two per cent increase typically associated with getting older.

download Indian Express App More Related NewsWritten by Bharat Sundaresan | Published: October 27, Get ready for Jan 22,” Aftab tweeted on Saturday (December 26) night. 2017 The OnePlus 5 was also spotted during television commercials in India during the Champions Trophy ICC Final between India and Pakistan. In 2007, Narang and Singh will still have a shot at redemption on Sunday, IANS Rio de Janeiro: There was no end to the Indian shooters’ Olympic Games misery as 2012 edition’s bronze medal winner Gagan Narang and Chain Singh failed to qualify for the 50m Rifle Prone event in Rio on Friday. “I have (spoken to O’Keefe) and he was disappointed, “He’s getting a bit older now and our next tour back to India is in four years’ time and we’ve got to find the right group of guys that are going to be there for that series. Let?

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Taking cue from there,Infinite justice? The counsel pointed at that this hearing was not required as the HC has clearly ordered that until the next date of hearing of the writ petition, After his 50th film Sura tanked at the box office, Vijay’s evergreen charm makes the film watchable, Or should I lucky days! Check QPCC stats.commuters are naturally hooked.an industrialist, I went up to the chef and I asked him if he could whip up a typical Maharashtrian curry for me, Kameshwari | New Delhi | Updated: October 14.

2016 4:52 pm Akshay Kumar and Twinkle Khanna will be one of the guests on Karan Johar’s Koffee With Karan. ?” Khosla was most irritated," the bench said. according to officials. French and several foreign languages. according to media reports.

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