Govt lifts veil off sources, methods used for statistics

Govt lifts veil off sources, methods used for statistics

To assist data users and allow closer scrutiny of official statistics, the government on Friday released a description of the sources and methods used by statistical agencies when collecting data.

Sources and Methods 2007 comes after a 17-year break during which definitions and methodologies used by the main statistical agency, the Central Statistical Organisation (CSO), were updated, yet their description was not changed.

“This has been something of a grey area for nearly 18 years," India’s chief statistician Pronab Sen said while releasing the publication.

“Users now have a reference source that is up to date on the changes in complexity of the Indian economy and other developments," he said.

The report will be in the public domain as a ready-reckoner for CSO’s clients, which include private sector companies, research organizations as well as the government. It details the standards followed by CSO in preparing its annual publication of National Accounts Statistics that lists subjects from public sector accounts to consolidated accounts of the nation, macro-economic data, consumption expenditure and national savings.

CSO is the most frequently used data source in the public and private sectors, but has of late been criticized for not being transparent about how its data is being collected, particularly those relating to employment.

Employment data released by CSO has, at present, a five-year time lag.

TVS files defamation suit against Bajaj

New Delhi:India’s third biggest two-wheeler maker, TVS Motor Co. Ltd, said it has filed a Rs250 crore defamation suit against larger rival Bajaj Auto Ltd after the latter alleged it had breached patents. “We have filed this suit as we said we would do," said a TVS spokesperson. “There’s nothing new about it." Bajaj Auto officials declined comment. In August, TVS had unveiled a 125-cc model called Flame, which it intends to introduce in the market next month. The new model triggered an intellectual property rights battle as Bajaj accused TVS of copying its technology—which uses two igniters instead of one—and threatened to take TVS to court. Ravi Krishnan

IT raids on K’taka mining barons

Bangalore:The income-tax department has raided several mining barons in Karnataka including controversial Bharatiya Janata Party (BJP) legislator Janardhan Reddy who owns the Oblapuram mines and his brother and BJP member of parliament Karunakara Reddy; the Baldotas of MSPL; and cousins of JD(S) and BJP legislators (respectively) Santosh and Anil Lad who own another mining company. Even as Mint went to press, the raids were continuing. I-T officials refused to comment. People familiar with the development said the raids were carried out at the residences and commercial premises of mining barons at Bangalore, Hospet, Sandur and Bellary. Reddy had earlier alleged that former state chief minister H.D. Kumaraswamy had taken a bribe of Rs150 crore from mine owners. Staff Writer

Infy rejigs biz units, to tap India market

Bangalore: IT major Infosys Technologies Ltd announced on Friday that the company has reorganized its business units in order to tap the growing domestic market. Realigning its business units, Infosys has formed six vertical industry business units and five horizontal business units that cut across all the vertical units. The reorganization will be effective November.

A separate business unit, to be headed by board member Srinath Batni, has been set up to focus on India and tap the growing domestic market, with stress on delivery excellence. PTI