False
Download Learnerz IAS app from the Play Store now! Download

$show=search/label/May%202022

 


New Standing Committee on Statistics UPSC NOTE

 


  • The Standing Committee on Economic Statistics (SCoS) has been established with enhanced terms of reference.

  • The SCoS will review economic indicators related to industrial and services sectors, as well as labor force statistics.

  • The committee will focus on high-frequency data like the Index of Industrial Production (IIP) and the Consumer Price Index (CPI), and conduct surveys like the Economic Census and Periodic Labour Force Survey.

  • The SCoS has a broader mandate to advise the Ministry on existing surveys, identify data gaps, propose ways to fill them, and conduct pilot surveys and studies for better data capture.

  • The new committee is half the size of the previous 28-member panel responsible for reviewing economic data.

  • The SCoS includes experts like Mr. Sen, along with seven academics from esteemed institutions.

  • The SCoS can proactively work on issues beyond surveys and provide guidance to the Ministry in diverse areas.

  • The credibility of some of the National Statistical Office's (NSO) data, particularly household surveys by the National Sample Survey Office (NSSO), has been questioned in recent years.

  • The government's decision to discard survey results due to "data quality issues" has raised concerns about credibility.

  • Fresh Household Consumption Expenditure Survey (HCES) results may take time to be finalized, causing reliance on outdated data for key economic indicators.

  • The SCoS can advise the Statistics Ministry on individual surveys and data sets, address issues related to survey results and methodology, and sensitize data users about nuanced interpretation of numbers.

  • The SCoS and the National Statistical Commission must work to rebuild the credibility of India's official statistics and bridge the trust deficit surrounding data.

COMMENTS

Name

Amritsar,1,April 2024,301,Art & Culture,1,August 2023,251,Courses,7,Daily Current Affairs,48,December 2023,189,Disaster Management,2,Environment and Ecology,184,February 2024,228,Foundation Course,1,GDP,1,GEMS Club,1,GEMS Plus,1,Geography,188,Govt Schemes,2,GS 2,1,GS1,6,GS2,61,GS3,23,GST,1,History,10,Home,3,IAS Booklist,1,Important News,71,Indian Economy,164,Indian History,8,Indian Polity,183,International Organisation,12,International Relations,140,Invasive Plant,1,January 2024,240,July 2023,281,July 2024,159,June 2022,6,June 2023,268,June 2024,324,March 2024,238,May 2022,17,May 2024,330,Mentorship,2,November 2023,169,October 2023,203,Places in News,2,Science & Technology,121,Science and Technology,93,September 2023,205,UPSC CSE,111,
ltr
item
Learnerz IAS | Concept oriented UPSC Classes in Malayalam: New Standing Committee on Statistics UPSC NOTE
New Standing Committee on Statistics UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
https://www.learnerz.in/2023/08/new-standing-committee-on-statistics.html
https://www.learnerz.in/
https://www.learnerz.in/
https://www.learnerz.in/2023/08/new-standing-committee-on-statistics.html
true
4761292069385420868
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content