{"id":17319,"date":"2025-01-02T16:14:36","date_gmt":"2025-01-02T10:44:36","guid":{"rendered":"https:\/\/asiannewsservice.in\/en\/?p=17319"},"modified":"2025-01-02T16:15:05","modified_gmt":"2025-01-02T10:45:05","slug":"constitution-of-working-group-for-the-revision-of-the-current-series-of-wholesale-price-index-base-2011-12","status":"publish","type":"post","link":"https:\/\/asiannewsservice.in\/en\/constitution-of-working-group-for-the-revision-of-the-current-series-of-wholesale-price-index-base-2011-12\/","title":{"rendered":"Constitution of Working Group for the revision of the current series of Wholesale Price Index (Base 2011-12"},"content":{"rendered":"

Delhi, Jan 2<\/p>\n

\n
<\/div>\n

The Government of India has decided to constitute a Working Group for base revision of the current series of Wholesale Price Index (WPI) from base 2011-12 to 2022-23. The composition of the Working Group is as follows:<\/p>\n

 <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
1.<\/td>\nProf. Ramesh Chand, Member, NITI Aayog<\/td>\nChairman<\/td>\n<\/tr>\n
2.<\/td>\nAdditional Director General, Field Operations Division, Ministry of Statistics & P.I.<\/td>\nMember<\/td>\n<\/tr>\n
3.<\/td>\nDeputy Director General, Economic Statistics Division, Ministry of Statistics & P.I.<\/td>\nMember<\/td>\n<\/tr>\n
4.<\/td>\nDeputy Director General, National Accounts Division,<\/p>\n

Ministry of Statistics & P.I.<\/td>\n

Member<\/td>\n<\/tr>\n
5.<\/td>\nDeputy Director General, Enterprise Survey Division,<\/p>\n

Ministry of Statistics & P.I.<\/td>\n

Member<\/td>\n<\/tr>\n
6.<\/td>\nEconomic Adviser, Department of Economic Affairs,<\/td>\nMember<\/td>\n<\/tr>\n
7.<\/td>\nAdviser, Price & Marketing Division,<\/p>\n

Department of Agriculture & Farmers Welfare<\/td>\n

Member<\/td>\n<\/tr>\n
8.<\/td>\nSenior Economic Adviser, Department of Consumer Affairs<\/td>\nMember<\/td>\n<\/tr>\n
9.<\/td>\nDeputy Director General, Ministry of Petroleum & Natural Gas<\/td>\nMember<\/td>\n<\/tr>\n
10.<\/td>\nChief Executive Officer, Goods & Services Tax Network<\/td>\nMember<\/td>\n<\/tr>\n
11.<\/td>\nRepresentative from RBI<\/td>\nMember<\/td>\n<\/tr>\n
12.<\/td>\nDr Soumya Kanti Ghosh, Chief Economist, SBI Group<\/td>\nMember<\/td>\n<\/tr>\n
13.<\/td>\nDr Surjit Bhalla, Economist<\/td>\nMember<\/p>\n

(Non official)<\/td>\n<\/tr>\n

14.<\/td>\nDr Shamika Ravi, Member, Economic Advisory Council to PM<\/td>\nMember<\/p>\n

(Non Official)<\/td>\n<\/tr>\n

15.<\/td>\nDr Dharmakirti Joshi, Chief Economist, Crisil<\/td>\nMember<\/p>\n

(Non Official)<\/td>\n<\/tr>\n

16.<\/td>\nShri Nilesh Shah, MD, Kotak Mahindra Asset Management<\/td>\nMember<\/p>\n

(Non Official)<\/td>\n<\/tr>\n

17.<\/td>\nShri Indranil Sengupta, Co-Head & Economist,<\/p>\n

Bank of America Merrill Lynch<\/td>\n

Member<\/p>\n

(Non Official)<\/td>\n<\/tr>\n

18.<\/td>\nDeputy Director General, DPIIT<\/p>\n

(Member Secretary)<\/td>\n

Member<\/td>\n<\/tr>\n<\/thead>\n<\/table>\n<\/div>\n

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The Terms of Reference of the Working Group will be as follows: –<\/h1>\n
    \n
  1. To suggest the commodity basket of WPI and PPI with base year 2022-23 in the light of structural changes in the economy.<\/li>\n
  2. To review the existing system of price collection and suggest changes for improvement.<\/li>\n
  3. To decide on the computational methodology to be adopted for WPI \/ PPI.<\/li>\n
  4. To examine the methodology for compilation of PPI approved by Technical Advisory Committee on Statistics of Prices & Cost of Living and suggest further improvement in compilation and presentation and recommend roadmap for switch over from WPI to PPI.<\/li>\n<\/ol>\n
      \n
    1. To examine the method of computing the linking factor adopted so far and suggest\u00a0 appropriate changes in the method of computing the linking factor, if necessary.<\/li>\n
    2. To suggest any other improvements as may be necessary for enhancing the reliability of WPI \/ PPI.<\/li>\n<\/ol>\n

       <\/p>\n

      The Chairman of the Working Group may co-opt experts\/ representatives of other agencies, as may be considered necessary.<\/p>\n

      The Working Group has been asked to submit its final report to the Office of the Economic Adviser within 18 months of issue of this notification.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      Delhi, Jan 2 The Government of India has decided to constitute a Working Group for…<\/p>\n","protected":false},"author":3,"featured_media":74,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,2,6],"tags":[],"class_list":["post-17319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-national","category-others"],"yoast_head":"\nConstitution of Working Group for the revision of the current series of Wholesale Price Index (Base 2011-12 - Asian News Service | English Language | Latest News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/asiannewsservice.in\/en\/constitution-of-working-group-for-the-revision-of-the-current-series-of-wholesale-price-index-base-2011-12\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Constitution of Working Group for the revision of the current series of Wholesale Price Index (Base 2011-12 - 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