Experts Want PDS Food Items Out Of The New Inflation Series
Financial Express Kolkata|December 26, 2024
The Ministry of Statistics & Programme Implementation (MoSPI) has floated a discussion paper to seek views on the treatment of "free public distribution system (PDS) items in the Consumer Price Index (CPI) compilation", as it feels the current mechanism doesn't properly capture the impact of free food distribution on inflation.
PRIYANSH VERMA

Most experts who FE spoke to, however, said there is no need to include freely distributed food items in the CPI series, as there is no money spent by households on these items. But some say, a new mechanism to capture the PDS items in a better way should be developed.

The paper comes in the backdrop of the CPI base revision exercise, which is being undertaken to overhaul the entire CPI basket, so that new consumption patterns of households may be captured and adequately reflected in the inflation numbers.

As per the paper, CPI base year will be changed from 2012 at present to 2024, and the index's weights and items will be derived from Household Consumption Expenditure Survey (HCES) 2022-23.

Diese Geschichte stammt aus der December 26, 2024-Ausgabe von Financial Express Kolkata.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der December 26, 2024-Ausgabe von Financial Express Kolkata.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FINANCIAL EXPRESS KOLKATAAlle anzeigen
Financial Express Kolkata

China Clears World's Largest Dam in Tibet Near India Border

INFRA PUSH

time-read
1 min  |
December 27, 2024
Financial Express Kolkata

Govt mulls tax relief for middle class

More money in the hands of the middle class may help rev up the economy, the world's fifth-biggest and which grew at its slowest pace in seven quarters between July and September.

time-read
1 min  |
December 27, 2024
Financial Express Kolkata

A weak rupee may jack up import bills

\"THE COST OF imports of oil & gas will increase with a weakening rupee. However, with the decline in oil prices to $70-75 per barrel now, the impact of weakening rupee would be offset,\" said Girishkumar Kadam, senior vice-president & group head - corporate ratings, at Icra.

time-read
3 Minuten  |
December 27, 2024
Financial Express Kolkata

Dhindsa: Talk less, deliver more

IT IS SUCH attention to detail that's helping Blinkit leave the competition behind by a mile.

time-read
2 Minuten  |
December 27, 2024
Financial Express Kolkata

Skilled jobs can power urban development

Panellists discussed how cities can boost employability and create enablers for migrant workers to remain invested at the Lucknow edition of IE Thinc: CITIES series, presented by The Indian Express with Omidyar Network India. The session was moderated by Udit Misra, Associate Editor

time-read
3 Minuten  |
December 27, 2024
Financial Express Kolkata

In a first, EatSure launches multi-restaurant ordering

EATSURE, THE D2C platform of online restaurant company Rebel Foods, on Thursday announced the launch of a new feature allowing users to order from multiple restaurants in one order.

time-read
1 min  |
December 27, 2024
Financial Express Kolkata

World Looks At India For Youth Power: PM On Veer Bal Diwas

HIGHLIGHTING HOW YOUTH energy has played a significant role in the country's progress, Prime Minister Narendra Modi said on Thursday that the world looks at India with hope and expectation because of its youth power, which is driving new revolutions.

time-read
1 min  |
December 27, 2024
Financial Express Kolkata

Mahatma's legacy under threat from those in power in Delhi, says Sonia

ASSERTING THAT MAHATMA Gandhi has been and will continue to be the fundamental source of inspiration, Congress Parliamentary Party (CPP) chief Sonia Gandhi on Thursday said his legacy is under threat from those in power in Delhi and the ideologies and institutions that have nurtured them.

time-read
1 min  |
December 27, 2024
Financial Express Kolkata

Former PM Manmohan Singh passes away

IN THE SAME year, the Right to Information Act, too, was brought in, and it has since served as a tool for higher accountability in governance.

time-read
2 Minuten  |
December 27, 2024
Financial Express Kolkata

Speed is of the essence

● Service providers must amp up reach to expand market

time-read
3 Minuten  |
December 27, 2024