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Exclusive: Unemployment is low as people have to work to earn, says India’s chief statistician

Amid talk of jobless growth and the urgent need for India to create employment for its millions of young men and women, the Chief Statistician of India, T.C.A. Ananth, says there is not much evidence to show that the unemployment scenario may have worsened in the last three or four years. Anubhuti Vishnoi

TALK POINT: Can official data be fudged? How can we ensure that the credibility of official data is not damaged?

In recent months, many allegations have been made about fudging of official data by government departments in both the centre and the states. How do the allegations hurt the credibility of institutions and what safeguards can be put in place? We ask experts. The art of book-cooking and “smart” accounting hid the true state of Punjab’s finances -- Manpreet Badal, Punjab Finance Minister On assuming office on March 16, 2017, the Congress government was shocked to learn that the financial position of the state was far worse than even our wildest imagination. The treasury was virtually lying closed under the weight of the bills amounting to Rs 13,000 crore pending clearances, farmers were all set to sell their Rabi crop, and the government was awaiting sanction of the Cash Credit Limit (CCL). And then came the RBI shocker  - a letter on March 29 suspending all payments to the state. Normally, budget...

On Camera

Boring Joe Biden chooses boring Kamala Harris for VP. But it’s a logical choice

California’s Kamala Harris is a nationally known senator from a big state who had run for president and acquitted herself well. That speaks well of Biden.
Marketplace in South Korea. Photo | Bloomberg

Why deflation is a bigger risk for the global economy than inflation

The cost of allowing prices to overshoot is nothing compared to the misery that will be inflicted if this wrenching slump is allowed to linger.

Defence

The national flags of China and India (Representational Image) | Photo: Dhiraj Singh | Bloomberg

No progress made in India-China major general-level talks, all eyes now on diplomatic parleys

Talks were held Sunday over Depsang Plains tensions. Next round of meeting under Working Mechanism for Consultation and Coordination is being scheduled now.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.