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GDP estimates: Decoding GDP Estimates: Six iterations in three years, but is it necessary? - Vimarsana News

GDP estimates: Decoding GDP Estimates: Six iterations in three years, but is it necessary?

Releasing GDP estimates undergoes six revisions over three years, starting with the First Advance Estimate (FAE). Examining four years of data reveals similarities between estimates, suggesting the merging of FAE and Second Advance Estimate (SAE) to streamline the process. Scrutiny indicates negligible differences between Second Revised Estimate (SRE) and Third Revised Estimate (TRE), proposing the elimination of TREs for a more efficient system. Additionally, consolidating First Revised Estimate (FRE) and SRE could yield a more accurate, swifter estimation process within 16 months.

Geotagging of all properties planned - Vimarsana News

Geotagging of all properties planned

The New Delhi Municipal Council (NDMC) in its budget 2024-25  announced geotagging of all properties,  hosting a Tulip festival and redevelopment of the sewerage system. Among his other announcements were modernising the dhobi ghats, acquiring electric bikes and scooters for field staff,

Net surplus of Rs 240.27 crore projected in NDMC budget 2024-25 - Vimarsana News

Net surplus of Rs 240.27 crore projected in NDMC budget 2024-25

"We have our footprints in 15 of the 17 SDGs prescribed for municipal bodies, " NDMC chairman Amit Yadav said while briefing mediapersons about the budget during a press conference.

The economics of election freebies - Vimarsana News

The economics of election freebies

Election season is upon us. Political parties are going all out to woo voters with promises of farm loan waivers, free laptops and free transport to women. But where do welfare measures end and freebies start and who foots the bill? - Issue Date: Jan 07, 2024

Govt to stick to Rs 33.61 lakh cr tax collection target in revised estimate, no case for fuel tax cut: Official - Vimarsana News

Govt to stick to Rs 33.61 lakh cr tax collection target in revised estimate, no case for fuel tax cut: Official

"So far, direct tax collection is up by about 20 per cent and indirect tax is higher by 5 per cent. We have data till the eight months of the fiscal and usually the collections are better in the first half. So, at the moment, we will stick to the Budget numbers in our Revised Estimates (RE)," an official said.