First inflation readings under the revised CPI framework comes in at 2.75%, with food inflation at 2.13 percent, as MoSPI expands market coverage & updates consumption weights.
New consumer basket, expanded markets & digital datasets aim to make inflation estimates more representative, says MoSPI Secretary Saurabh Garg. Henceforth, MoSPI aims to revise base yr every 5 yrs.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Draft Bill was released for public consultation in September. It aims to bring in sweeping changes to 94-yr-old iconic Indian Statistical Institute by repealing ISI Act, 1959.
New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.
Conservationists and former forest officials say the new accounting inherits the same weaknesses of the India State of Forest Report, which overlooks forest fragmentation.
The Gen Z movement was a serious wave that RSP and Balen together managed to capture—the first milestone reflecting the relevance of issues-based politics.
As Iran war enters 11th day, government prioritises household gas supply, boosts LPG output and invokes Essential Commodities Act amid concerns over potential shortages.
SMPP Limited gets order for additional 10,000 bulletproof jackets for BSF, CISF & SSB. This is over & above the existing order for 40,000 jackets, taking the total to 50,000.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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