(30 January 2023) Government Data Roundup: RBI’s ‘State Finances- A Study of Budgets’, EPFO Payroll data, CPI Numbers Among The Data/Reports Released Recently
Sai Krishna Muthyanolla
January 30, 2023
The 21st edition of the fortnightly government roundup covers data/reports released by the RBI, MoSPI, Labour Bureau among others.
In this 21 edition of fortnightly government data roundup, we look at the State Finances- a study of budgets by RBI, Primary (Urban) Co-operative Banks’ Outlook 2021-22, RBI Bulletin for January 2023, All-India Consumer Price Index Numbers For Agricultural and Rural labourer’s – December 2022, EPFO Payroll Data, Consumer Price Index Numbers for Rural, Urban and Combined for December 2022, Quick Estimates of Index of Industrial Production for November 2022 and Payroll reporting- a formal employment perspective for November 2022. Key publications in the last fortnight from 14 to 27 January 2023 have been covered in this story.
In addition, the Telecom Regulatory Authority of India (TRAI) released consultation papers on ‘License Fee and Policy matters of DTH Services’, and ‘Telecommunication Infrastructure Sharing, Spectrum Sharing, and Spectrum Leasing’. These are open for comments till 13 February 2023 and 10 February 2023 respectively. Further, the International Financial Services Centers Authority notified the framework for disclosures by the Fund Management Entities (FMEs) which intend to launch the ESG scheme.
State Finances- A study of Budgets
Brief about the Report:
The RBI released its annual publication, ‘State Finances- A study of Budgets 2022-23’ recently. The report provides information on the assessment of finances of the State Governments for 2022-23 against the actual and revised provisional accounts for 2020-21, and 2021-22 respectively. The theme for this year’s publication is ‘Capital Formation in India – The Role of the States’.
Key Findings:
Primary (Urban) Co-operative Banks’ Outlook 2021-22
Brief about data and findings:
The ninth annual publication of the ‘Primary (urban) co-operative Banks outlook 2021-22 contains the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks (UCBs) for the financial year 2021-22. It provides information on key indicators such as profit and loss, non-performing assets, priority sector advances and important financial ratios such as capital adequacy, employee productivity and profitability.
Key findings:
RBI Bulletin- January 2023
Brief about the report:
The RBI published its monthly bulletin for January 2023. This bulletin has information on current statistics, three speeches and five articles. The five articles are as below.
Key Highlights
All-India Consumer Price Index Numbers for Agricultural and Rural labourers – December 2022
Brief about data and findings:
The Labour Bureau had been compiling CPI data for farm laborers since September 1964. The new series of CPI Numbers for (i) Agricultural and (ii) Rural Labourers (base 1986-87=100) replaced the previous series on base 1960-61=100 with effect from November 1995. These index statistics are compiled each month by the Field Operations Division (FOD) of the National Sample Survey Organization (NSSO), which periodically collects price information from 600 sample villages selected from 20 States.
Key highlights:
EPFO Payroll Data
Brief about the paper:
The EPFO has been releasing monthly payroll data from April 2018 covering a period from September 2017. It contains the details of the new subscribers joining the EPF scheme, the number of subscribers exiting the scheme, and the number of exited subscribers who re-joined and resubscribed. This data is available across different age groups. The data on net new payroll is available for both state-wise as well as age groups.
Key highlights:
Consumer Price Index for Rural, Urban, and combined for December 2022
Brief about the report:
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.
Key findings:
Index of Industrial Production for September 2022
Brief about the data:
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 has 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 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%).
Key findings:
Payroll Reporting in India – A Formal Employment Perspective
Brief about the report:
Using data on the number of subscribers who have subscribed under three major schemes, namely the Employees’ Provident Fund (EPF) Scheme, the Employees’ State Insurance (ESI) Scheme, and the National Pension Scheme, this Ministry has been publishing employment-related statistics in the formal sector since April 2018 covering the period from September 2017 onward (NPS). The subscriber counts from several sources could overlap sometimes, which results in differences in the estimates from several sources. The information provides many viewpoints on the level of employment in the nation’s formal sector. It does not, however, quantify employment in a comprehensive way.
Key findings: