(11 September 2023) Government Data Roundup: Reports by Ministry of Jal Shakti, Finance, RBI, MoSPI Among Those Released Recently - FACTLY
Sai Krishna Muthyanolla
September 11, 2023
In this 37th edition of fortnightly government data roundup, we look at the 6th Census report on Minor Irrigation (MI) Schemes by the Ministry of Jal Shakti, 5th Annual Advanced Pricing Agreement(APA) report by Ministry of Finance, All-India House Price Index(HPI) for Q1:2023-24 by RBI, and Estimates Of Gross Domestic Product For The First Quarter (April-June) 2023-24 by Ministry of Statistics and Program Implementation.
Among the monthly reports, CPI for Industrial workers, and Combined Index of Eight Core industries were released. The explainer on key price indices can be read here.
Key statistics from these reports are as below.
6th Census Report on Minor Irrigation (MI) Schemes
Brief about the report:
An accurate and reliable database for minor irrigation schemes is crucial for efficient planning and policymaking within the water resources sector. To achieve this goal, the Indian government had been conducting surveys of minor irrigation schemes. So far, five such censuses have been carried out, corresponding to the reference years 1986-87, 1993-94, 2000-01, 2006-07, and 2013-14, respectively. Additionally, the 6th minor irrigation census, referring to the year 2017-18, has been completed in 32 states and union territories.
Key findings of the report:
5th Annual Advanced Pricing Agreement (APA) report
Brief about the report:
The Advance Pricing Agreement (APA) program by the CBDT is a leading effort aimed at fostering a tax environment in India that is welcoming to investors and avoids adversarial situations. Ever since its launch, the Indian APA program has played a substantial role in advancing the Indian government’s goal of making it easier to conduct business. The reports provide essential information and figures regarding the APA program. This information encompasses the distribution of applicants by industry sector, the types of transactions addressed, and the transfer pricing methods utilized, among other details.
Key highlights of the report:
All-India House Price Index (HPI) for Q1:2023-24
Brief about the report:
The Reserve Bank created a quarterly House Price Index (HPI) for ten significant cities, namely Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur, and Kochi. Using these individual city indices, an overall House Price Index is also compiled that reflects the housing price trends across all of India. The Aggregate House Price Index is calculated as a weighted average price index utilizing the Laspeyres’ method, with the base year being 2010-11.
Key highlights:
Estimates of Gross Domestic Product for First Quarter (April-June) 2023-24
Brief about the report:
The Quarterly GDP Estimates are generated using the benchmark indicator approach, which means that they rely on quarterly data from the previous year (referred to as the benchmark year) and extrapolate it using relevant indicators that represent sector performance. These estimates are constructed by incorporating data collected from a variety of sources, including government ministries, departments, and private agencies, which provide valuable inputs for the compilation process. Total tax revenue used for GDP compilation includes Non-GST Revenue as well as GST Revenue.
Key highlights: