The GDP back series data 'accidently' became public thanks to a report on real sector statistics prepared by a committee constituted by the National Statistical Commission. In the din that ensued, some of the more serious concerns that the committee raised regarding quality of the data got lost. Business Today's Prosenjit Datta and Dipak Mondal caught up with Sudipto Mundle, chairman of the Committee on Real Sector Statistics, which prepared the new series, to dig deeper into the observations made in the report. Edited excerpts:

A survey found that a fifth of 63 million small businesses faced a 20 per cent fall in profits since the GST rollout, and had to sack hundreds of thousands of workers.

The larger companies will make some noise, but will adopt it, because they have no choice and will start looking at productivity improvement and automation to compensate for the increase in costs. The MSME sector will be impacted.

Rishi Kapoor said that for a while the family juggled with the idea of renovating the studio with state-of-the-art technology.

Prime Minister Narendra Modi on Friday visited flood-ravaged Kerala and announced an immediate financial assistance of Rs 500 crore. He also announced an ex-gratia of Rs 2 lakh per person to the next of kin of the deceased and Rs 50,000 to those seriously injured.

Eight people were killed and several feared trapped under the rubble of two adjacent buildings which collapsed in Greater Noida on the outskirts of the national capital, officials said today.

The move will have a big impact on Indian-American women as they are the major beneficiary of the Obama-era rule. Fearing job loss, many such women have started applying in different companies back in India.

In India, an estimated 4.2 per cent of total hours worked were lost in 1995 due to high heat levels, amounting to 15.1 million full-time jobs.

The government has stepped up work on the draft Labour Code on Social Security.

A Twitter user asked if Capgemini made 0% profit and if its top management would accept such a hike.

The Challenge lies in creating opportunities for workforce.

Commerce and Industry Minister Suresh Prabhu talks to Anilesh S. Mahajan about the strategy to make exports a big part of the plan to make India a $5 trillion economy and how India is resetting trade ties with China and other big powers.

How badly India needs to fix its employment (and unemployment) and jobs data problem can be seen from the furious debates that break out each time a new study on job creation comes out, writes Business Today Editor Prosenjit Datta.

According to a US think tank, the top seven Indian IT companies experienced a whopping 43 per cent drop in their H-1B visa approvals between 2015 and 2017.

Only sustained productivity growth can raise living standards

More than 2.5 crore people, a number greater than Australia's population, have applied for about 90,000 positions in India Railways, underlining the challenge Prime Minister Narendra Modi faces in providing millions of jobs ahead of an election in 2019.