News Update

ICG seizes 86 kg narcotics worth Rs 600 croreChief of Defence Staff Gen Anil Chauhan concludes his official visit to France9 killed as two vehicles ram into each other in ChhattisgarhConsumer court orders Swiggy to compensate for failure to deliver Ice CreamRequisite Checks for Appeals - Court FeeI-T - Members of Settlement Commission appointed amongst persons of integrity & outstanding ability & having special knowledge in/experience of direct taxes; unfortunate that SETCOM's orders are challenged without establishing them to be contrary to law or lacking in jurisdiction: HCThe 'taxing' story of Malabar Parota, calories notwithstanding!I-T - Unless a case of bias, fraud or malice is alleged, then Department cannot assail SETCOM's order: HCCentre allows export of 99,150 MT onion to Bangladesh, UAE, Bhutan, Bahrain, Mauritius & LankaI-T- Re-assessment vide Faceless Assessment u/s 144 of I-T Act, is barred by Section 31 of IBC 2016, which is binding upon all creditors of corporate debtor: HCPension Portals of all Pension Disbursing Banks to be integratedI-T- Resolution Plan under IBC, once approved, nullifies any claims pertaining to a period prior to approval of said Plan: HC‘Flash Mob’ drive in London seeks support for PM ModiI-T - Once assessee has produced all supporting documents which includes profit & loss account, balance sheet and copy of ITR of creditors, then identity & creditworthiness is established: ITATTo deliver political message, Pak Sessions judge abducted and then released: KPKI-T - Assessee shall provide monthly figures to arrive at year-end average of deposits received from members, interest paid thereon & investments made in FDs from external funds, for calculating Sec 80P deduction: ITATMaersk to invest USD 600 mn in Nigerian seaport infraI-T - It shall not be necessary to issue authorization u/s 132 separately in name of each person where authorization has been issued mentioning thereon more than one person: ITATChile announces 3-day national mourning after three police officers killedI-T- Since facts have not yet been verified by AO, issue of CSR expenditure can be remanded back for reconsideration: ITATIndian Coast Guard intercepts Pakistani boat with 86 kg drugs worth Rs 600 CroreI-T - Failure to substantiate cash deposits by employer during festival will not automatically lead to additions u/s 68, in absence of any opportunity of hearing: ITATGold watch of richest Titanic pax auctioned for USD 1.46 millionGST - There is no material on record to show as to why the registration is sought to be cancelled retrospectively - Order cannot be sustained: HCIraq is latest to criminalise same-sex marriage with max 15 yrs of jail-termST - Court cannot examine the issue, which is only a question of fact and evidence and not of the law - Petition dismissed: HCGST - fake invoice - Patanjali served Rs 27 Cr demand notice
 
CSO goes for online data collection to increase accuracy

By TIOL News Service

NEW DELHI, MAY 31, 2017: INDIA is a participant in the current phase of the International Comparison Programme (ICP) with reference to 2017, which is a global statistical initiative that supports inter-country comparisons of Gross Domestic Product (GDP) and its components, based on Purchasing Power Parity. The Ministry of Statistics & Programme Implementation (MOSPI) would undertake the task of price collection in rural and urban areas all over the country.

Towards the objective of collecting data for the International Comparison Programme, the Central Statistics Office (CSO) has lately been conducting several data gathering exercises, such as the Annual Survey of Industries (ASI), which is the principal source of industrial statistics in India every year. These days, data is collected online through a web-portal directly from data source, which permits either the respondent establishment or the field office of NSSO to submit the data for validation and processing, thereby increasing the data accuracy, since the validation checks reduced errors considerably. Online collection of data also significantly reduced the cost and time and the web portal is being continuously refined. Moreover, the CSO plans to develop a similar scheme for developing a web-based data collection system for Index of Industrial Production (IIP), a monthly index compiled to assess the growth of industrial production and release. The project is expected to result in huge time savings and will be performed by the surveyors of the National Sample Survey Organisation (NSSO), who will track and upload employment data, among others.

The Ministry has also established a wide area network dedicated to information on ‘State Domestic Product' whose objective is to collect and present data pertaining to SDP from all 29 States and 7 Union Territories of India at one platform.

The Ministry has been making efforts to provide NSS estimates at lower administrative level. At present, the NSS estimates are provided at National and State levels due to limitation on size of Central Sample. Increase in sample size by pooling of Central and State sample data enables the generation of sub-state level estimates. A Manual on Pooling of Central and State Sample Data covering all methodological aspects of Pooling Central and State sample data, prepared by NSSO, has been released for use by States. NSSO is also providing technical support to State/UTs in the exercise of pooling of data of central and state samples.

In tune with the objective of collection of data for ICP, the Minister for Statistics & Programme Implementation, Mr D.V.Sadananda Gowda, inaugurated the new office building of National Sample Survey Office (NSSO), named Sankhyiki Bhawan, in New Delhi today.

The inauguration of the new building is slated to open a new chapter in the history of the NSSO. With all Divisions under one roof, coordination of various work at a very closer level is expected to improve, resulting in speedier and better output. The Minister expressed hope that the present infrastructure would provide a better working environment resulting in quality output. The better facilities are expected to further enhance productivity and reach new levels of professionalism, making Sankhyiki Bhawan a new landmark in Delhi. The building is equipped with modern energy efficient devices while also conserving natural light and using solar power, apart from also having modern and state-of-the-art information technology and communication facilities.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.