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.
Bu hikaye Financial Express Lucknow dergisinin January 03, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Financial Express Lucknow dergisinin January 03, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Chinese Dam on Table for Sullivan's India Visit
AI, civilian nuclear cooperation, space may also be taken up
Mike Johnson Re-elected US House Speaker
Republican Congressman Mike Johnson on Friday was re-elected as Speaker of the US House of Representatives with a narrow victory margin of three votes.
S Korea investigators ask acting prez to clear way for Yoon's arrest
SOUTH KOREAN INVESTIGATORS again asked the country's acting president on Saturday to order the presidential security service to comply with an arrest warrant for impeached President Yoon Suk Yeol.
Microsoft to spend $80 billion on AI data centers this year
MICROSOFT CORP PLANS to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.
No jail time for Trump, suggests judge in US hush money case
Will keep fighting, says communications director Cheung
Rohit clears the air: Not going anywhere
Says those on outside can't influence when he stops playing
Border-Gavaskar Trophy: As Bumrah leaves, 'captain' Kohli calls the shots
Kohli took charge after Bumrah left bowling due to spasm
Big rockets, a telescope & big changes in space await in 2025
Some key events to look forward to in space & astronomy
Worrying signs from the Arctic
Scientists say fires in the region could have major consequences
Dr Manmohan Singh, RIP
emissary he had deployed. Although sceptical, I bounded off to North Block and was ushered in. It was my first official meeting with the FM. I conveyed the request, not a direction, of the prime minister.
