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Current Affairs - Miscellaneous - Discussion

Discussion Forum : Miscellaneous - Latest Current Affairs (Q.No. 4123)
2019-07-01 Miscellaneous
4123.
Which is the nodal office for the 18 member working group chaired by Ramesh Chand formed to revise current series of Wholesale Price Index (WPI)?
Department of Financial Services(DFS)
Department for Promotion of Industry and Internal Trade (DPIIT)
Department of Economic Affairs(DEA)
Department of Investment and Public Asset Management(DIPAM)
Answer: Option
Explanation:
Government formed a 18-member working group headed by Ramesh Chand, member of NITI (National Institution for Transforming India) Aayog, to revise current series of Wholesale Price Index (WPI) with base year 2011-12 and come up with a new Producer Price Index (PPI). The nodal office for the group is the Department for Promotion of Industry and Internal Trade (DPIIT). The revision of the base year 2011-12 will help to describe a more realistic picture of the price situation and its impact on people. It will draft a roadmap to switch over from WPI to PPI.
Discussion:
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