Journal of Income and Wealth

  • Year: 2023
  • Volume: 45
  • Issue: 1and2

Representing the unreported - Experiences in compilation of accounts for non-financial private corporate (NFPC) sector

  • Author:
  • Brijendra Singh1, A. P. Meera2,**, Saumya Mishra3,*
  • Total Page Count: 15
  • DOI:
  • Page Number: 163 to 177

1Deputy Director General, National Accounts Division, Ministry of Statistics and Programme Implementation, Government of India, Khurshid Lal Bhawan, Janpath Road, New Delhi-110001, India

2Director, National Accounts Division, Ministry of Statistics and Programme Implementation, Government of India, Khurshid Lal Bhawan, Janpath Road, New Delhi-110001, India

3Deputy Director, National Accounts Division, Ministry of Statistics and Programme Implementation, Government of India, Khurshid Lal Bhawan, Janpath Road, New Delhi-110001, India

Abstract

From receipt of only Global PUC figures to receiving entire Frame of Active companies, MGT-7 data, CIN change history etc., the increasing collaboration with Ministry of Corporate Affairs has aided not only in improving the estimates of NFPC sector through appropriate classification, duplicate detection etc. but has also enabled examination of the present methodology as NAD now has access to unit level data for both the reporting(detailed financial information) as well as non reporting (only basic details) companies. Instead of relying on a single Global Paid Up Capital (PUC) figure, made available in initial days, receipt of disaggregated data has provided an opportunity to factor in many dimensions in estimating the contribution of non reporting companies. This paper is an attempt to investigate some of these along with their likely impact on the estimates.

Keywords

Compilation, Experiences, NFPC, Representing, Unreported