Governmental Statistical Agencies
Credit Rating/Market Research Agencies in India
Non-Government/Autonomous Economic Research Agencies
Governmental Statistical Agencies
Government of India has a number of agencies that collect and publish various economic statistics. Details of the agencies, type of data collected, type of reports generated by them and their web links are given below.
• Office of the Registrar General of India conducts Population Census of India at an interval of every decade. Census statistics are available at http://www.censusindia.gov.in
• The Central Statistical Organization (CSO) compiles and maintains standards of the macro-economic statistics of India. Major Statistics compiled in CSO are:
- National Income Accounting / GDP and related measures. Data are available at: http://mospi.nic.in/mospi_nad_main.htm
- Annual Survey of Industries that gives detailed data on organized manufacturing sector of India, are available at: http://mospi.nic.in/mospi_asi.htm
- Index of Industrial Production (IIP) to measure the industrial growth are available at : http://mospi.nic.in/mospi_iip.htm
- All other data compiled by CSO are available at: http://mospi.nic.in/cso.htm
• The National Sample Survey Organization (NSSO) is the central government agency that prepares Survey Design, conducts surveys to collect data relating to various sectors of the economy. Details of NSSO’s surveys and statistics are available at: http://mospi.nic.in/nsso.htm
• Indian Ministry of Finance prepares, presents, and monitor annual Union Budget. Union Budget are available at: http://indiabudget.nic.in
• The annual Economic Survey containing macro-economic review is presented one day in advance of the Union Budget every year. Economic Surveys are available at: http://indiabudget.nic.in
• Indian Public Finance Statistics containing fiscal deficit/surplus and its components published annually by Ministry of Finance is available at: http://finmin.nic.in/downloads/reports/IPFStat200607.pdf
• Quarterly report on India’s External Debt brought out by Ministry of Finance is available at: http://www.finmin.nic.in/the_ministry/dept_eco_affairs/economic_div/QEDS_Quar_june07.htm
• Agricultural statistics of India compiled and published annually by the Indian Ministry of Agriculture are available at http://agricoop.nic.in/Agristatistics.htm
• Inflation Rates in India is measured based on two types of indices:
- The Wholesale Price Index (WPI) generated by the Office of the Economic Adviser in the Ministry of Commerce & Industry are available at : www.eaindustry.nic.in
- The Consumer Price Indices (CPI) for Urban Non-Manual Employees generated by CSO are available at http://mospi.nic.in/mospi_cpi.htm. CPI for Industrial Workers, Agricultural Laborers and Rural Laborers generated by the Labor Bureau under the Indian Ministry of Labor are available at : http://labourbureau.nic.in/indexes.htm.
• Director General of Foreign Trade under the Indian Ministry of Commerce & Industry monitors and compiles Foreign Trade Statistics of India which are available at: http://commerce.nic.in/india_trade.htm
• Department of Industrial Promotion and Policy under the Indian Ministry of Commerce & Industry monitors and compiles data relating to Foreign Direct Investment as well as domestic investment in manufacturing sector of India. Monthly Foreign Direct Investment Statistics are available at http://siadipp.nic.in/publicat/pub_mn.htm. Monthly Statistics relating to domestic investments in Indian industries are available at : http://siadipp.nic.in/publicat/stats/sep2007/index.htm
• Planning Commission of India is responsible for formulation of the Five Year Plans. Five Year Plan documents of India are available at: http://www.planningcommission.nic.in/plans/planrel/fiveyr/default.html
• Planning Commission also came out with a National Human Development Report for the first time in 2001. The report is available at: http://www.planningcommission.nic.in/reports/genrep/reportsf.htm
• Macroeconomic monetary indicators of both domestic and external sectors of the Indian economy are monitored and compiled by the Reserve Bank of India.
- Balance of Payments reported monthly in RBI Bulletin are available at http://www.rbi.org.in/scripts/BS_ViewBulletin.aspx
- Foreign Exchange Reserves reported in Weekly Statistics are available at : http://www.rbi.org.in/scripts/BS_ViewWSS.aspx
- Exchange Rates and various interest rates are reported daily at: http://www.rbi.org.in/home.aspx
- Capital Market indicator reflected in Share Price Indices is available at RBI Bulletin: http://www.rbi.org.in/scripts/BS_ViewBulletin.aspx
Investment by Indian Companies Abroad
• Overseas Investment Policy
• Routes for overseas investment
• Streamlining of the overseas investment policy
• Overseas investment approvals
• Actual outflows
• Inflows from JV/WOS
• Sector-wise, country-wise etc. classification of overseas investment
• Annexure-1 - Statement of approved overseas investments
• Annexure-2 - Actual investment outflow
• Annexure-3 - Inflows from JV/WOS
• Annexure-4- Sector-wise break-up of overseas investment approvals
• Annexure-5- Classification of approved overseas investments by Economic Regions
Annexure-6- Country-wise classification of approved overseas investment
• Data relating to State Economies of India are available at: http://goidirectory.nic.in/stateut.htm
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Credit Rating/Market Research Agencies in India
• Credit Rating Information Services of India Limited (CRISIL): www.crisil.com
• Investment Information and Credit Rating Agency of India (ICRA): www.icra.in
• Credit Analysis & Research Limited (CARE): www.careratings.com
• Onicra Credit Rating Agency of India Ltd.: www.onicra.com
• Operation Research Group & Marketing & Resaerch Group: ORG-MARG
• Duff & Phelps Credit Rating India Private Ltd. (DCR India)
• Other state level Market Research agencies are listed at: http://dir.indiamart.com/indianservices/market1.html
International Credit Rating Agencies doing credit rating of India
• Standards & Poors
• JP Morgan
• Price WaterHouse
• Morgan Stanley
• Merill Lynch
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Non-Government/Autonomous Economic Research Agencies
• CMIE: http://www.cmie.com
• NCAER: http://www.ncaer.org
• National Institute of Public Finance and Policy: http://www.nipfp.org.in
• Indian Institute of Foreign Trade : http://www.iift.edu/iift/index.asp
• Tata Economic Consultancy Services: http://www.tecsglobal.com
• Indian Council for Research on International Economic Relations (ICRIER): http://www.icrier.org
• Institute of Economic Growth: http://iegindia.org
• Centre for Development Studies: http://www.cds.ac.in
• Centre for Policy Research http://www.cprindia.org
• Centre for Economic & Social Studies: http://www.cess.ac.in/cesshome/cessmain.asp
• Gokhale Institute of Politics and Economics: http://www.gipe.ernet.in
• Indian Institute of Management : http://www.iimahd.ernet.in
• Indian Statistical Institute: http://www.isical.ac.in
• Indira Gandhi Institute of Development Research: http://www.igidr.ac.in
• National Centre for Agricultural Economics and Policy Research: http://www.icar.org.in/ncap/ncap_index.htm
• Gujarat Institute of Development Research: http://www.gidr.ac.in
• Indian Institute of Finance: http://www.iif.edu
• Institute for Social and Economic Change: http://www.isec.ac.in
• Institute for Studies in Industrial Development: http://isidev.nic.in
• Madras Institute of Development Studies: http://www.mids.ac.in
• Indian Institute of Capital market: http://www.utiicm.com
• V.V.Giri National Labour Institute: http://www.vvgnli.org
Workmen’s Compensation Act 1923
Minimum Wages Act 1948
Payment of Wages Act 1936
Industrial Disputes Act 1947
Employees Provident Fund and Miscellaneous Provisions Act 1952
Payment of Bonus Act 1965 Payment of Gratuity Act 1972
Maternity Benefit Act 1961
Industrial Employment (Standing orders) Act 1946
List of various central labour laws http://labour.nic.in/act/welcome.html
Workmen’s Compensation Act 1923
The Workmen’s Compensation Act provides that compensation shall be provided to a workman for any injury suffered during the course of his employment or to his dependents in the case of his death. The Act provides for the rate at which compensation shall be paid to an employee.
Workmen’s Compensation Act 1923
http://indiacode.nic.in/fullact1.asp?tfnm=192308
Minimum Wages Act 1948
The Minimum Wages Act prescribes minimum wages for all employees in all establishments or working at home in certain employments specified in the schedule of the Act. Central and State Governments revise minimum wages specified in the schedule.
Minimum Wages Act 1948 http://indiacode.nic.in/fullact1.asp?tfnm=194811
Payment of Wages Act 1936
The Payment of Wages Act regulates issues relating to time limits within which wages shall be distributed to employees and that no deductions other than those authorized by the law are made by the employers.
Payment of Wages Act 1936 http://indiacode.nic.in/fullact1.asp?tfnm=193604
Industrial Disputes Act 1947
The Industrial Disputes act 1947 provides for the investigation and settlement of industrial disputes in an industrial establishment relating to lockouts, layoffs, retrenchment etc. It provides the machinery for the reconciliation and adjudication of disputes or differences between the employees and the employers. Industrial undertaking includes an undertaking carrying any business, trade, manufacture etc.
The Act lays down the conditions that shall be complied before the termination/retrenchment or layoff of a workman who has been in continuous service for not less than one year under an employer. The workman shall be given one month’s notice in writing, indicating the reasons for retrenchment and the period of the notice that has expired or the workman has been paid, in lieu of such notice, wages for the period of the notice. The workman shall also be paid compensation equivalent to 15 days’ average pay for each completed year of continuous service. A notice shall also be served on the appropriate government.
Industrial Disputes Act 1947 http://indiacode.nic.in/fullact1.asp?tfnm=194714
Employees Provident Fund and Miscellaneous Provisions Act 1952
This Act seeks to ensure the financial security of the employees in an establishment by providing for a system of compulsory savings. The Act provides for establishments of a contributory Provident Fund in which employees’ contribution shall be at least equal to the contribution payable by the employer. Minimum contribution by the employees shall be 10-12% of the wages. This amount is payable to the employee after retirement and could also be withdrawn partly for certain specified purposes.
Payment of Bonus Act 1965
The payment of Bonus Act provides for the payment of bonus to persons employed in certain establishments on the basis of profits or on the basis of production or productivity. The Act is applicable to establishments employing 20 or more persons. The minimum bonus, which an employer is required to pay even if he suffers losses during the accounting year is 8.33% of the salary.
Payment of Bonus Act 1965 http://indiacode.nic.in/fullact1.asp?tfnm=196521
Payment of Gratuity Act 1972
The Payment of Gratuity Act provides for a scheme for the payment of gratuity to all employees in all establishments employing ten or more employees to all types of workers. Gratuity is payable to an employee on his retirement/resignation at the rate of 15 days salary of the employee for each completed year of service subject to a maximum of Rs. 350,000 ($ 7778).
Payment of Gratuity Act 1972 http://indiacode.nic.in/fullact1.asp?tfnm=197239
Maternity Benefit Act 1961
The Maternity Benefit Act regulates the employment of the women in certain establishments for a prescribed period before and after child birth and provides certain other benefits. The Act does not apply to any factory or other establishment to which the Employees State Insurance Act 1948 is applicable. Every women employee who has actually worked in an establishment for a period of at least 80 days during the 12 months immediately proceeding the date of her expected delivery, is entitled to receive maternity benefits under the Act. The employer is thus required to pay maternity benefits and/or medical bonus and allow maternity leave and nursing breaks.
Maternity Benefit Act 1961 http://indiacode.nic.in/fullact1.asp?tfnm=196153
Industrial Employment (Standing orders) Act 1946
The Industrial Employment Act requires employers in industrial establishments to clearly define the conditions of employment by issuing standing orders duly certified. Model standing orders issued under the Act deal with classification of workmen, holidays, shifts, payment of wages, leaves, termination etc.
Industrial Employment (Standing orders) Act 1946 http://indiacode.nic.in/fullact1.asp?tfnm=194620 |
