THE GOVERNMENT ON Thursday announced the formation of a panel of experts to revise the base year of Wholesale Price Index (WPI) and suggest a road map for switching over to Producer Price Index (PPI).
The working group for revision of base year of WPI to 2022-23 from 2011-12 and to decide on computational methodology to be adopted for WPI and PPI will be headed by Niti Aayog member Ramesh Chand and will have 17 other members. The working group has been asked to submit its final report to the economic adviser at the Department for Promotion of Industry and Internal Trade (DPIIT) within 18 months.
Till the PPI stabilises, both WPI and PPI will run concurrently. All major economies like the US, China, Japan, Germany and France use PPI to measure the average changes in prices received by domestic producers for their output. Globally PPI tracks prices of both goods and services.
Denne historien er fra January 03, 2025-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 03, 2025-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Diplomacy Just As Vital As Expertise To Run Restaurant
I HAVE TWO pieces of pat advice for anyone rash enough to approach me for counsel. First, never speak to the press. Second, don't open a restaurant.
Comfortable design for 24/7 wear
It tracks fitness, sleep, stress & other key health vitals
Avenue needs a q-commerce boost
THE RETAILER IS LOSING OUT ON CONSUMER SPENDS
TN loses investment body chief ahead of meet
VISHNU VENUGOPALAN, MD & CEO of Guidance Tamil Nadu and a key bureaucrat instrumental in attracting major investments, including Cisco, Jabil, and Ford Motor's re-entry into the state, has exited the agency, multiple sources told FE.
Pick-up in investments, hiring expected in FY26: CII Survey
THE MAJORITY OF private firms are expected to step up investments and employment in 2025-26, as India continues to shine as a bright spot in a challenging global economic environment, according to a survey by industry body CII.
Trade partner or adversary?
India must think beyond China-Plus-One strategy as the world trade order is rapidly changing
A big display for entertainment
A budget phone that provides a hasslefree experience
A handy tool for home security
It captures clear video footage up to 20 metres
Free up pricing of agriculture
MSP FRAMEWORK NEEDS A REVISIT, IN TERMS OF FREEING UP PRICES OF PRODUCTS AS ALSO MAJOR INPUTS
Trump Holds Victory Rally Ahead of Inauguration
Mukesh, wife Nita to attend the event
