GS-III

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 …

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 …

The Supreme Court on Wednesday said it would consider the plea seeking urgent hearing of a PIL petition challenging the constitutional validity of Article 370 which grants special status to Jammu and Kashmir and limits Parliament’s power to make laws for the State. A Bench comprising Chief Justice Ranjan Gogoi …

The Union Cabinet approved the Transgender Persons (Protection of Rights) Bill, 2019, a previous version of which had lapsed when the Lok Sabha was dissolved in May. The Bill looks at providing social, economic and educational empowerment to transgender persons, a statement said. Sending the Bill to the Parliament again …

The Union Cabinet approved an amendment to the Protection of Children from Sexual Offences Act, 2012. The Bill, which had been introduced earlier but lapsed in Parliament when the Lok Sabha was dissolved in May, was approved by the Cabinet chaired by PM Narendra Modi, Information and Broadcasting Minister Prakash …