MINISTRY OF STATISTICS
Formal job creation continues to decline in November
Provisional payroll data from the Ministry of Statistics and Programme Implementation, released on Monday, shows net new subscriber added under EPFO in November 2020 stood at 1.01 million compared to 1.05 in October and 1.33 in September. However, the figure was higher than the average monthly addition of 0.65 million in 2019-20.
IIP contracts 1.9% in November; fails to continue revival trend
October IIP had grown at 3.6 per cent helped by festive demand and a sharp ba...
CPI inflation eases to 4.59% in Dec; IIP contracts 1.9% in November
New Delhi: Consumer Price Index inflation eased to 4.59% in December 2020...
India's GDP set to drop 7.7%, biggest contraction since 1952
The contraction is in line with what the RBI had projected in its December policy review. Other projections have also been revised upwards as second half could see a bounce back led by improvement in a slew of economic indicators.
PM, Shah should apologise for disinformation campaign against Bengal: Amit Mitra
According to the data, West Bengal was ahead of the national rate in services and agriculture sectors also, Mitra, a former secretary general of the Federation of Indian Chambers of Commerce and Industry (FICCI), said.
442 infrastructure projects show cost overruns of Rs 4.34 lakh crore: MoSPI Report
"Total original cost of implementation of the 1,671 projects was Rs 21,21,383.82 crore and their anticipated completion cost is likely to be Rs 25,55,957.52 crore, which reflects overall cost overruns of Rs 4,34,573.70 crore (20.49 per cent of original cost)," the ministry's latest report for November 2020 said.
At 1.55%, November WPI reaches nine-month high
The annual rate of inflation based on WPI Food Index, which comprises 'food articles' from primary articles group and 'food product' from manufactured products group, decreased to 4.27% in November from 5.78% in October. The government retained the wholesale inflation for September at 1.32%.
These three companies are helping digitalise infrastructure
According to a recent report by the Union Ministry of Statistics and Programme Implementation, 552 projects of 1,634 projects it monitors were delayed. Moreover, 373 projects also reported cost overruns.
437 infrastructure projects show cost overruns of Rs 4.37 lakh crore
"Total original cost of implementation for the 1,663 projects was Rs 21,09,236.41 crore and their anticipated completion cost is likely to be Rs 25,47,057.52 crore, which reflects overall cost overruns of Rs 4,37,821.11 crore (20.76 per cent of the original cost)," the ministry's latest report for September 2020 said.
MOSPI operationalises revamped NSO website
"The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has upgraded its website with improved functionality and content accessibility from 17th November 2020," a ministry statement said.
Urban unemployment eased to 7.9% in October-December 2019: Govt
The labour force participation rate rose to 37.2% from 36.8% in the trailing quarter while the worker population ratio increased to 34.2% from 33.7% in the September quarter.
Urban unemployment fell to 8.4% in July-September 2019: Government
Urban unemployment in the age group 15-29 years was 20.6%. Among states, urban unemployment was higher than the national average in Kerala, Uttar Pradesh, Rajasthan, Andhra Pradesh, Delhi, Bihar, Chhattisgarh, Madhya Pradesh and Telangana, among others.
Indians spent half the day on self-care, maintenance in 2019: National Statistical Office
As per survey findings released Tuesday, Indians spent 50.4% or 726 minutes of their time daily on self-care and maintenance. Rural males spent an average 51.2% of their total time on these activities.
Industrial production output continues to shrink in double digits; contracts 10.4% in July
The double-digit fall also marked a weak start to the second quarter of FY21 after April-June gross domestic product (GDP) contracted 23.9%, the sharpest decline among major economies.
Early signs of formal employment gaining ground appear as suggested by EPFO data
In what could be early signs of formal employment gaining ground after significant dip in April due to nationwide lockdown, the number of subscribers who left and rejoined Employees Provident Fund (EPF) scheme stood at an all-time high so far this year in June, while the number of exits from the scheme dropped significantly.
