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.
Denne historien er fra December 26, 2024-utgaven av Financial Express Kochi.
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Denne historien er fra December 26, 2024-utgaven av Financial Express Kochi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Smart Cities Mission: School enrolment up 22%
STEPS TAKEN UNDER the Smart Cities Mission have led to a 22% increase in school enrolment in 19 cities and improved real-time tracking of criminal activities, according to two studies by the Indian Institute of Management, Bangalore.
South steals the spotlight
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IIFL Home Finance expects 15% AUM growth in FY25
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Jewellery units lose sheen on weak Rupee
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US airline stocks beat market
A RECORD YEAR FOR travel in the US is pushing airline stocks to a soaring annual outperformance, and the prospect of sustained earnings power points to a bullish outlook for 2025.
Nissan shares decline most since August
NISSAN MOTOR'S SHARES declined the most since August's market rout, amid volatility as investor focus shifts to the terms of the carmaker's planned deal with Honda Motors.
Squid Game stocks tank
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