Mint ST : 2019-02-11

VIEWS : 20 : 16

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16 POLICY MONDAY, 11 FEBRUARY 2019 NEW DELHI STRAIGHT FORWARD SHASHI SHEKHAR Respond to this column at [email protected] Gireesh Chandra Prasad [email protected] NITI Aayog’s autonomy is like that of RBI. We all are autonomous and independent, but we do have to maintain dignity and honour N NEW DELHI ITI Aayog, successor to the Planning Commission, has been striving to contribute to and influence policies at the national and state levels. But without the financial leverage its predecessor had with state administrations, all that NITI Aayog has in getting states to act on its recommendations is the power of ideas it can bring to the table. Is NITI Aayog measuring up to this challenge? In an interview, vice chairman Rajiv Kumar speaks about the think tank’s autonomy, need for fund allocation powers and the impact of the interim budget FY20. Edited excerpts: Students of IIM Calcutta got an average salary offer of ₹25.36 lakh. IIM Calcutta secures job offers for all its students NITI Aayog vice chairman Passengers cannot ‘opt out’ meals on board Vande Bharat Express Prashant K. Nanda bit.ly/2sgdrio [email protected] The delay in publishing the annual Periodic Labour Force Survey (PLFS) report of the National Sample Survey Office (NSSO) gives the impression that the government is shying away from publishing the jobs data. (A recent news report on the NSSO survey suggested joblessness was at a 45-year high at 6.1% in 2017-18.) Your comment? NITI Aayog seems to favour the official narrative on the economy. As a think tank, NITI Aayog should be more independent, should it not? NEW DELHI T Tax policy expert Dr Vijay Kelkar said last month that after NITI Aayog replaced Planning Commission, central government’s policy reach in promoting regionally balanced growth has reduced. Although Kelkar did not recommend returning to the Planning Commission era, he said this weakness in fiscal federalism needs to be corrected. Do you agree? he Indian Institute of Management Calcutta (IIM-C) recorded 100% placement in the first two days of the annual event, the premier institution said on Sunday. IIM-C said 123 companies made 501 offers to the students of its flagship MBA programme. Of the 441 students who had sought placement, 29% accepted offers from the consulting sector, while 21% preferred finance. “The placements closed by Day 1 afternoon, which corresponds to the second day of making offers in the placement week,” the IIM-C said, adding its students bagged an average salary of ₹25.36 lakh, an increase of ₹1.16 lakh compared to last year’s average. On Saturday, IIM Ahmedabad had said that placements started well with consulting firms offering higher number of jobs. While Accenture made 24 offers, Boston Consulting Group (BCG) offered 20 positions. The institute does not reveal salary details till it completes a placement audit, usually by August-september every year. IIM-A said Goldman Sachs, HSBC, JP Morgan, and Mckinsey & Company were also among those offering placements. IIM-C said top consulting firms such as AT Kearney, Bain & Co., BCG and Mckinsey & Co. made offers in double digits, which means each company has offered more than 10 jobs. Other prominent names included Ey-parthenon, Alvarez and Marsal, and PWC, among others. Accenture was the largest recruiter with 24 offers. IIM Lucknow, too, has completed its placements with 460 students getting jobs in 147 companies. It said the top 4 segments were consulting (32%), finance (16%), sales and marketing (16%), and e-commerce (15%). XLRI Jamshedpur said it has completed the process, placing 358 students in two days. Other than top consultancies, Citi, Deutsche Bank, Amazon, Uber, Microsoft, Google, Wipro, Tata Group and Aditya Birla group firms were top recruiters. That is not correct. The government wants to make sure the data that is released is comparable across different quarters and does not lead to wrong conclusions. NSSO will release the employment data when we have the comparison data between first and 5th quarter, so that we can calculate the change in employment. The government has always given premium to honesty. But the fact of the matter is that the quality of our data needs to improve. So does the whole data system in the country, which has been neglected to some extent. It needs more attention and resources, and needs to be modernized. We need to ensure that the quality of data collected by all agencies of the government is of the highest level. mint Interim budget FY20 has steps that could boost consumption. What will be its impact on inflation? Priyanka knows that the way you speak and carry yourself may turn the tide in your favour Asit Ranjan Mishra [email protected] NEW DELHI F inance minister Piyush Goyal on Sunday hinted that Union minister Arun Jaitley who has returned from the US on Saturday may resume charge of the finance ministry soon. “I have got this opportunity to address you because I have the temporary charge of the finance ministry. It is a matter of happiness that Arun Jaitley has returned yesterday evening in good health. I spoke to him yesterday and told him that can I excuse myself from this event. He said, ‘No, because you have agreed for this event, you have to go’,” Goyal said at the foundation day event of Security Printing Jaitley is unlikely to resume office during the current budget session of Parliament which ends Wednesday, says govt official Finance minister Piyush Goyal. FROM PAGE 1 Most of the recent notifications for government job vacancies have been for the post of a constable in the police department, not university jobs which many qualified candidates have been waiting for, he says. As a result, a section of highly-qualified people like Ellaiah has begun to accuse Telangana chief minister K. Chandrashekar Rao and his Telangana Rashtra Samithi (TRS) of using them to achieve power, and letting the student community down. In this imagination, Rao’s political ambitions apparently fit in conveniently into the dominant narrative in Hyderabad’s university landscape—the alleged hegemony of coastal Andhraites in jobs, The aspiration for well-paid jobs has led to students continuing their studies in the hope of a decent job at the end Students enrol themselves in public universities like Osmania University to get a subsidized stay while looking for jobs.

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