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Government to revise GDP base year, measure women’s economic contribution
New Delhi, Feb 15 (IANS) The government is set to revise the base years of Gross Domestic Product (GDP), Index of Industrial Production (IIP) and Consumer Price Index (CPI) in order to “accommodate and factor” the economic changes in the country, it said on Thursday.
Addressing the media, Union Minister of Statistics and Programme Implementation D.V. Sadananda Gowda said that his ministry intends to undertake several initiatives during financial year 2018-19 “to further improve statistical system to meet the data requirements in the emerging socio-economic scenario of the country”.
He said the ministry was “proposing to initiate steps to revise the base years of GDP, IIP and CPI”. The new base year for GDP and IIP will be 2017-18 and for CPI, it will be 2018.
At present, 2011-12 is used as the base year for calculating the GDP.
Gowda said the ministry would also launch new surveys to address the data gap and to ensure regular flow of data for the services and informal sector.
“The ministry also proposes to launch a Time Use Survey, which inter-alia aims at assessing the contribution of women in non-marketed social and economic activities, which have not been measured so far,” he said.
The ministry brings out estimates of macro-economic aggregates, estimates on various socio-economic parameters and on short-term indicators from time to time, as per pre-determined calendar of releases for “facilitating better understanding and assessment of the progress of the economy and the society for promoting evidence-based policy formulation”.
The ministry has launched a Periodic Labour Force Survey (PLFS) in April 2017 to assess the labour force scenario in the country. The results of this survey (rural and urban) would be made available to the government and non-government stakeholders in 2018-19, he said.
“The ministry is at an advanced stage of establishing a National Data Warehouse on official statistics. The data warehouse will act as repository of all official statistics,” the minister said.
Gowda said that the ministry was also inclined to prepare during 2018-19 a national report on baseline data to monitor the status of progress for goals and targets under the United Nations’ Sustainable Development Goals (SDGs).
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.