The country’s statement comes after a group of 117 members including India sought to start the selection processes for filling six vacancies in the appellate body that will not have a quorum to review new trade dispute appeals after December 10 when the second terms of two members expire. There are four existing vacancies in the panel.
The US, the EU, Canada and Australia are denying market access to short-term services providers from India.
Besides, Bangladesh and Vietnam have the benefit of scale in apparel manufacturing and a large and productive labour force. In a separate reply to a question on decline in export of cotton yarn, she said: “There is no information regarding closure of spinning units due to decline in exports of cotton yarn”.
As per the United Nations System of National Accounts (UN SNA)-2008, base year of Gross Domestic Product (GDP) series is revised from time to time to better capture structural changes in the economy. The member countries are required to revise the base year of their macro-economic indicators like Gross Domestic Product (GDP).
The meeting took place in the wake of a leaked draft of the Household Consumer Expenditure survey report showing a decline in consumer spending in rural India in 2017-18. MoSPI, which had junked the survey, said it would not use it for official purposes but was examining its repercussions and impact on all base revision of various economic indicators.
Citing a NASSCOM report, commerce and industry minister Piyush Goyal told Lok Sabha that investments in start-ups were steady with $4.4 billion in January to September 2019 across 450 start-ups at a 5% year-on-year growth.
“The basic intent of anti-dumping measures is to eliminate injury caused to the domestic industry by the unfair trade practice of dumping and to create a level playing field for the domestic industry,” commerce and industry minister Piyush Goyal told Lok Sabha. In a separate reply, he said the government will use all available instruments in the national interest, as and when necessary.
No adverse impact of American chickenlegs on domestic industry, FSSAI has no info on impact on human health: Piyush Goyal
“No report of adverse effect on the domestic poultry sector including Namakal district in Tamil Nadu, due to import of chicken legs from the United States to India, has been received in the ministry,” commerce and industry minister Piyush Goyal said in a written reply to a question in Lok Sabha.
"The main positive to be taken from November's survey was a renewed increase in new work, which provided the platform for growth of services activity and employment whilst resulting in an improvement in business confidence," said Pollyanna De Lima, principal economist at IHS Markit, in a press release.
The Ministry of Statistics and Programme Implementation plans to introduce checks for data collection and increase the sample size of surveys to improve accuracy. “Challenges which we face today are of data quality. The ministry is concerned with data quality and will take measures to improve it,” said an official aware of the details
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