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.
This story is from the January 03, 2025 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 03, 2025 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Golden Globes: The Brutalist, Emilia Perez grab top honours
THE BRUTALIST, THE story of a Holocaust survivor who chases the American dream, and musical thriller Emilia Perez took home the first major movie honours of Hollywood's awards season at the Golden Globes.
Top IITs see a drop in campus placements
● More students likely getting jobs independently
ICC explores two-tier Test cricket system
ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points
US set to lift curbs on Indian nuclear entities
EYEING DEEPER ENERGY TIES
D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
Consent manager framework: A key Big Tech concern
CONSENT MANAGERS MUST meet stringent registration criteria, including being based in India with a minimum net worth of ₹2 crore and implementing robust security measures to prevent data breaches.
Q-comm boost to gig worker hiring in 2025
THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.
Eight jawans among 9 killed in Naxal attack
IN THEIR BIGGEST strike on security forces in Chhattisgarh in two years, Naxals blew up a vehicle using an improvised explosive device weighing 60 to 70 kg, killing eight security personnel and their civilian driver in Bijapur district on Monday, police said.
Banks: Slower loan growth a worry
Asset quality concerns ease
Cautious outlook for auto companies in Q3
● No segment shows growth except tractors
