(21 November 2022) Government Data Roundup: CPI Numbers, Estimates of IIP, Report on Municipal Finances by RBI, Among the Data/Reports Released Recently. - FACTLY
Sai Krishna Muthyanolla
November 21, 2022
The sixteenth edition of the fortnightly government data roundup covers Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of September 2022, Consumer Price Index Numbers on Base 2012 for Rural, Urban and Combined for the Month of October 2022, Report on Municipal Finances by RBI, among others.
The Sixteenth edition of the fortnightly government data roundup covers reports such as National Bio Energy Programme, National Compilation on Dynamic Ground Water Resources of India 2022, India’s First Sovereign Green Bonds Framework, Report of Expert Committee on SVAMITVA Scheme, Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of September 2022, Consumer Price Index Numbers on Base 2012 for Rural, Urban and Combined for the Month of October 2022, Report on Municipal Finances by RBI, Report of the Inter-Ministerial Committee (IMC) on just Transition from Coal by NITI Aayog, Report of the IMC on Low Carbon Technologies by NITI Aayog, and Report of the IMC on Energy Data Management by NITI Aayog.
Apart from these, some other quick highlights of this fortnight are:
Brief about the report/data:
The Consumer Food Price Index (CFPI) for Rural (R), Urban (U), and Combined (C) and the All-India Consumer Price Index (CPI) on Base 2012=100 is released by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) every month. The price information is gathered from 1114 urban markets and 1181 villages that span all States and UTs.
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Brief about the report:
This index tracks variations in the economy’s level of industrial production. It conveys the tone of the nation’s industrial activity. This index’s base year is 2011–12, and it is given a value of one hundred. This index provides a short-term examination of industrial performance in contrast to the annual survey of industries, which provides a complete and detailed picture of industrial activity. The Indian Bureau of Mines, the coffee board, the tea board, and the central power authority are just a few of the fourteen organisations that provide the data for this index.
The three sectors of mining (14.2%), manufacturing (75.5%), and electricity (10.1%) make up the industrial production index. Their relative weights are shown by the values in the brackets. As an alternative, there is a classification of commodities known as “use-based.” – primary goods (34.05%), capital goods (8.22%), intermediate goods (17.22%), infrastructure goods (12.34%), consumer durables (12.84%), and consumer non-durables (15.33%).
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Brief about the report:
The MNRE has been promoting bioenergy in India since the 1980s to use the enormous excess biomass, cow dung, industrial, and urban biowaste that is available in the nation for the recovery of energy. On 2 November 2022, the National Bioenergy Programme was notified by the Ministry of New and Renewable Energy (MNRE), Government of India. The National Bioenergy Programme has been continued by MNRE through 2025–26. Two phases for the program’s implementation have been suggested. A budget of Rs. 858 crores has been approved for the Program’s Phase-I.
The National Bioenergy Program shall comprise of the following initiatives- Waste to Energy Programme, Biomass Programme, and Biogas Programme
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Brief about the report:
The National Compilation on Dynamic Ground Water Resources of India, 2022 was released by Gajendra Singh Shekhawat, the Union Minister for Jal Shakti. The evaluation was completed collaboratively by the Central Ground Water Board (CGWB) and the States/UTs, and it may be used by different stakeholders to make the best interventions possible. Previous instances of joint exercises between CGWB & States/UTs were in 1980, 1995, 2004, 2009, 2011, 2013, 2017 and 2020.
Key Highlights:
Brief about the report:
In line with the goal of lowering the economy’s carbon intensity, the Union Budget for 2022–2023 announced the issuance of Sovereign Green Bonds. Below is a verbatim of the budget: ‘As a part of the government’s overall market borrowings in 2022-23, sovereign Green Bonds will be issued for mobilizing resources for green infrastructure. The proceeds will be deployed in public sector projects which help in reducing the carbon intensity of the economy.’
The Government of India would benefit from the issuing of Sovereign Green Bonds by being able to attract the necessary funding from potential investors for use in public sector initiatives.
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Brief about the report:
On National Panchayati Raj Day, 24 April 2020, the Prime Minister introduced the SVAMITVA programme with the goal of providing each rural household owner in a rural inhabited area a “Record of Rights.” The programme addresses a variety of issues, such as making it easier to monetize properties and enable bank loans, lowering property-related disputes, and thorough village-level planning.
The Scheme is implemented in a phased manner. Based on the successful implementation and outcome of the pilot phase, the scheme was rolled out for implementation across all States/UTs on 24 April 2021. 31 States and UTs have so far signed memorandums of understanding (MoU) with the Survey of India to put the SVAMITVA Scheme into effect there.
Key Highlights:
Brief about the report:
Till date, RBI has been publishing regular financial statistics about both the Union and State Governments. However, data regarding the third tier of governance was absent due to lack of availability of consolidated data. The RBI has published the maiden report of municipal finances this year, which shall be published annually to make it a regular publication, and to address such gaps in data.
The provision of local government statistics would also aid India’s Flow of Funds (FoF) accounts in broadening their sectoral coverage. In the future, municipal finances, which account for around 70% of the finances of urban local bodies in India, would be included in general government data issued by the RBI, and ongoing efforts will be made to broaden this coverage.
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Brief about the report:
It was decided to strengthen cooperation in the areas of Energy Data Management, Low Carbon Technologies, Carbon Market, and Just Transition in Coal Sector and form four committees involving Indian and US counterparts in the relevant fields at a Sustainable Growth Pillar meeting held on 12 July 2021, as part of the India-US Strategic Partnership.
In response, a committee on just transition in the coal sector was established, consisting of eighteen members from India and the US. The current report on ‘Just Transition in Coal Sector’ has been created based on talks held and feedback from various committee members.
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Brief about the report:
The Strategic Clean Energy Partnership (SCEP) is a part of the U.S.-India Climate and Clean Energy Agenda 2030 Partnership. With a renewed focus on electrification and decarbonization of processes and end uses, scaling up innovative clean energy technology, and finding solutions for challenging-to-decarbonize sectors, the SCEP will continue to improve energy security and innovation.
This is the second committee established to strengthen cooperation in the areas of Energy Data Management, Low Carbon Technologies, Carbon Market, and Just Transition in Coal Sector.
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Brief about the report:
Energy data in India is quite decentralized, and highly unstandardized. It is challenging to automate the process of data exchange and publication on dashboards due to the lack of defined formats.
To ensure uniform reporting of data, it is necessary to standardise the definitions, terminologies, and calculation processes for all the important parameters in the energy sector. This committee was formed to identify parameters that are to be standardized across various energy statistics products in India. This is the third committee established to strengthen cooperation in the areas of Energy Data Management, Low Carbon Technologies, Carbon Market, and Just Transition in Coal Sector, under the Strategic Clean Energy Partnership between India and US.
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