Current method no longer accurate due to greater automation: Pronab Sen The Central Statistics Office (CSO) needs to rethink how it estimates the growth of the informal sector as the current method is no longer accurate, former Chief Statistician of India Pronab Sen said on Wednesday. “Using the corporate sector …

Mixed views on extension of timings, says draft report An internal committee of the Reserve Bank of India (RBI), which was set up to review timings of different financial markets, suggested that the foreign exchange market could function from 9 am to 9 pm At present, the currency market works …

Finance Minister Nirmala Sitharaman on Wednesday clarified that the Economic Survey and the Union Budget project different rates of nominal GDP growth for 2019-20 because they use different base figures. However, she added that the two rates were consistent with each other. While the Union Budget presented on July 5 …

Some important topics for discussion include how to replicate Brazil’s success of domestic coffee consumption The World Coffee Producers’ Forum (WCPF) is scheduled to discuss a range of issues critical to the economic sustainability of coffee farmers round the globe at its two-day conference that commenced on Wednesday. WCPF is …

SIAM seeks measures to save jobs in a sector that employs close to 37 million people With domestic automobile sales continuing on a downward spiral, the industry on Wednesday cautioned that if immediate concrete measures are not taken by the government to help arrest the fall, job cuts may soon …

‘Top-line growth likely to be lowest in a decade’; global concerns to hit IT sector With companies all set to releaseresults for the first quarter of the current financial year, market participants appear to be unanimous in predicting a subdued quarter for most sectors. According to most brokerages, the overall …

Now is the “right moment” for peace in Afghanistan, President Ashraf Ghani said on Wednesday as he once more called on the Taliban to negotiate with his government. The Taliban have steadfastly refused to discuss peace with Mr. Ghani, whom they consider a U.S. stooge heading an illegitimate regime. But …

Sri Lanka’s Parliament on Wednesday began debating a no-confidence motion against the government for failing to prevent Easter suicide bombings that killed more than 250 people. The Opposition Marxist Peoples’ Liberation Front submitted a motion accusing the ruling coalition of failing to prevent the April 21 attacks despite the “fact …

President Rouhani terms seizure of tanker ‘a foolish act’ Iran’s President Hassan Rouhani warned Britain on Wednesday of “consequences” over the detention of an Iranian oil tanker off the coast of Gibraltar. “I point out to the British that you initiated insecurity (on the seas) and you shall grasp the …

Food park plan on Assam jumbo corridor shelved The plan for a mega food park in Assam’s Soniptur district has been shelved after a team of wildlife experts found 50% of its area encroaching a major elephant corridor and setting it up would severely disturb their movement. The survey and …