Page 4 - Programme Implementation Mo News Today

It is important to understand here that at a time when the government has prioritised capital expenditure especially in infrastructure projects to revive and sustain economic growth, COR and TOR can become major barriers. 

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Logistics Costs: The report has been prepared by the National Council of Applied Economic Research (NCAER) in a consultative manner with guidance of the Asian Development Bank (ADB) experts and task force members.

“The kind of investment that India is making in both physical and digital infrastructure....all that is creating an enabling environment where we will start getting good and credible data, on the basis of which we can do data-based planning and ultimately data based policy making as well,” DPIIT secretary Rajesh Kumar Singh said while releasing the study.

India is set to release a framework to assess its logistics cost, with estimates suggesting it stands at 13-14% of the countrys GDP. The government is working on a comprehensive report containing baseline aggregated logistics cost estimates and a long-term logistics cost calculation framework, which has been reviewed by external experts from the World Bank.

Get latest articles and stories on Latest News at LatestLY. The government is expected to release a framework to assess the logistics cost in the country to get a realistic estimate tomorrow, an official has said. Latest News | Govt Likely to Come out with Logistics Cost Estimate Framework on Thursday.

The retail prices of key agricultural produce such as rice, wheat, onion, and sugar have been on an upswing in the last six months. Notwithstanding the government’s efforts, Crisil expects prices to remain elevated due to supply-side issues.

In the October meeting, it had projected Q2 real GDP growth of 6.5 per cent, which turned out to be 110 basis points lower than the actual number

Revision of the base year for both CPI and GDP are long overdue. The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier. We have since seen the emergence of new sectors like platform-based work and online marketing. The employment surveys and the consumption surveys need to reflect these adequately.

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