Not furnishing data by a company under the Collection of Statistics Act, 2008, may seem to be a trivial offence, but, in effect, has a major impact on the process of planning of economic policies of a nation, the High Court of Karnataka has said.
As India is associated with the International Monetary Fund (IMF) and its Special Data Dissemination Standards, and SAARC Social Charter, the gap in data collection would also impact various international commitments and implementation of national programmes, the court said.
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