Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
January 18, Thursday 2018 8:57 PM       

       HEADLINES: One dies as bus rams into bike in Kariavattom                                              Land deal: Don’t hide truth, make confessions, says diocese publication                                              Thomas Chandy’s wet-filling case: Vigilance team changed                                              I single-handedly killed my son: Jayamol details murder to police                                              Thomas Chandy’s wet-filling case: Vigilance submits FIR, Chandy made first accused                                              Rajini, Haasan share dais amid political buzz                                              One admission test for all engg colleges                                              CJI meets four senior-most SC judges                                              SC stays states' ban on ‘Padmavat’                                              EC announces dates for Meghalaya, Tripura, Nagaland Assembly polls                                              Trump's immigration checklist: Love for US, English, Skill                                              Sharapova roars into third round of Australian Open                                              Kohli named ICC Cricketer of the Year                                              Australian Open: Paes, Bopanna make winning start                                              Kohli becomes second India batsman to reach 900-point mark                                              Kaumudi Facebook
       BUSINESS Next Article: Airtel Payments Bank head Shashi Arora steps down  
       Modi pressurised CSO to give out good data on ‘note ban’: Swamy
 
         Posted on :22:48:51 Dec 24, 2017
   
A A
       Last edited on:22:48:51 Dec 24, 2017
         Tags: Modi, CSO, Subramanian Swamy, Note ban
 

AHMEDABAD: Known for ruffling feathers across parties through his controversial statements, Rajya Sabha member and BJP leader Subramanian Swamy, while speaking at a gathering in Ahmedabad has alleged that the Modi government had pressurised senior officials from the Central Statistical Organisation to present data that said that demonetisation had not affected the Indian economy and the GDP.

As per a report from The Indian Express, Swamy told a group of chartered accountants, “Please do not go by the quarterly (GDP) data; they are all bogus. I am telling you, because my father founded the Central Statistical Organisation (CSO). Recently, I went there with (Union) minister Sadananda Gowda. He called the CSO person, because there was pressure to put out data on demonetisation. So they put out the (GDP) data (saying) that there is no impact (of demonetisation).”

He went on to say, “I am feeling nervous because I know there is an impact. So I asked the director of CSO, ‘how did you estimate the GDP for this quarter when the demonetisation was on November (2016) and you gave a printed economic survey report on February 1 (2017), which means it went for printing at least three weeks before. So on the first week of January (2017) you submit a report and you calculate GDP to show no impact. How did you calculate it?”

As per Swamy, the director of the CSO told him that ‘he was in a pressure to give out data and he gave it.’ “So he tells me, that the informal sector’s output last year as a ratio of the formal sector’s output last year, that ratio was applied to the organised sector in January. I told him that relationship has changed. He said, ‘what will I do? I was under pressure to give the data and so I gave it’.”

He advised the audience only to rely on annual GDP figures.

Swamy even slammed Moody’s upgrade of India’s credit rating that came last month after a period of 13 years.

“Don’t believe in these Moody’s and Fitches. You can pay them money and get any report published,” he said.

A A
       BUSINESS
Next Article: Airtel Payments Bank head Shashi Arora steps down
 
 
BUSINESS HEADLINES
Big blow to ‘Make in India’ as Japanese companies bag all key bullet train contracts  
Banks fuel markets Bull Run; Sensex, Nifty hit new peaks  
Netanyahu meets biz leaders over power breakfast  
Budget 2018: Hardware dealers suggest simplification of filing GST returns  
SBI to raise Rs 20,000 cr for affordable housing, infra  
Rupee rebounds 16 paise to 63.88 a dollar  
Patanjali to partner with Flipkart, Amazon  
GST meeting on Jan 18, to discuss real-estate  
Patanjali won't enter into partnerships with global firms: Ramdev  
Sensex retreats from record, slips 72 pts  
RIL to invest Rs. 5K cr in West Bengal: Ambani  
Financial Institutions to ensure US TIN for pre-existing accounts is reported  
UIDAI allows face recognition for Aadhaar authentication  
What women expect from Union Budget 2018  
Aadhaar biometric lock, a lesser-known security feature  
Govt to invite fresh applications for RBI deputy guv post  
Govt mulls tax-free gratuity of up to Rs. 20 lakh: Report  
Inflation will dip in January, claims SBI  
Commerce Secretary urges policy framework to address export financing woes  
ED arrests former Andhra Bank director  
Infosys President Rajesh Murthy steps down  
IT Dept reports significant hike in prosecutions against tax evaders  
Sensex, Nifty hit new highs on global cues  
French luxury group eyes investing over Rs. 3K cr in Patanjali  
Sensex regains 51 pts in early trade ahead of earnings  
 
Do you support withdrawal of Haj subsidy?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy