Friday, November 30, 2018

Jaitley spars with Chidambaram over 'hatchet job' remark on GDP revision

New Delhi, 29 November Finance minister Arun Jaitley took on predecessor P Chidambaram on the revision of earlier Gross Domeestic Product (GDP) data for saying this was the result of a hatchet job.The back-series data in question, said Jaitley, had been calculated by a highly credible organisation, the Central Statistics Office, which maintains an arm's length distance from his ministry."Those who took after the new series in 2015 now consider the new series to be a "hatched job" and a "bad joke". What humours some when data shows an upward trend depresses them if it moves in the reverse direction," Jaitley said on his Facebook page.Chidambaram had said on Wednesday of the Niti Aayog's revised GDP numbers: "They are a bad joke. Actually, they are worse than a bad joke. The numbers are the result of a hatchet job." Jaitley reminded Chidambaram that the latter had, on February 3, 2015, welcomed the new GDP series. He quoted Chidambaram as saying: "The new data successfully establishes ..

from Today's Paper https://ift.tt/2Qp7KxO

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