Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68012de9307b3-trace').style.display = (document.getElementById('cakeErr68012de9307b3-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68012de9307b3-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68012de9307b3-code').style.display = (document.getElementById('cakeErr68012de9307b3-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68012de9307b3-context').style.display = (document.getElementById('cakeErr68012de9307b3-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68012de9307b3-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68012de9307b3-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 2002,
		&#039;title&#039; =&gt; &#039;Govt already planning new base year by Asit Ranjan Mishra&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;
&lt;/font&gt;
&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Live Mint, 2 June, 2010, http://www.livemint.com/2010/06/02221047/Govt-already-planning-new-base.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 2082,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 2002,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Govt already planning new base year by Asit Ranjan Mishra&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Inflation,Agriculture&#039;,
	&#039;metaDesc&#039; =&gt; &#039;

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;&lt;font &gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 2002,
	&#039;title&#039; =&gt; &#039;Govt already planning new base year by Asit Ranjan Mishra&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;
&lt;/font&gt;
&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Live Mint, 2 June, 2010, http://www.livemint.com/2010/06/02221047/Govt-already-planning-new-base.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 2082,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 2002
$metaTitle = &#039;LATEST NEWS UPDATES | Govt already planning new base year by Asit Ranjan Mishra&#039;
$metaKeywords = &#039;Inflation,Agriculture&#039;
$metaDesc = &#039;

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few...&#039;
$disp = &#039;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;&lt;font &gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Govt already planning new base year by Asit Ranjan Mishra | Im4change.org</title>
    <meta name="description" content="

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Govt already planning new base year by Asit Ranjan Mishra</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <p align="justify"><br /><font >Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.</font></p><p align="justify"><font >The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. </font></p><p align="justify"><font >&ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.</font></p><p align="justify"><font >Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. </font></p><p align="justify"><font >But the CSO official cited above said it wasn&rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.</font></p><p align="justify"><font >&ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&rdquo; said the official.</font></p><p align="justify"><font >A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.</font></p><p align="justify"><font >A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.</font></p><p align="justify"><font >&ldquo;However, we will go by the final decision of Mospi,&rdquo; added the official, who, too, didn&rsquo;t want to be named.</font></p><p align="justify"><font >Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. </font></p><p align="justify"><font >Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &ldquo;difficult year&rdquo;.</font></p><p align="justify"><font >&ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&rdquo; Tendulkar said.</font></p><p align="justify"><font >India&rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.</font></p><p align="justify"><font >Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &ldquo;if 2009-10 was not used as the base year.&rdquo; </font></p><p align="justify"><font >The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. </font></p><p align="justify"><font >N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.</font></p><p align="justify"><font >&ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&rdquo; Bhanumurthy said.</font></p><p align="justify"><font >Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.</font></p><p align="justify"><font >&ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&rdquo; the official said.</font></p><p align="justify"><font >DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. </font></p><p align="justify"><font >The revised index is expected to have around 700 items, up from 435 at present.<br /></font></p>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68012de9307b3-trace').style.display = (document.getElementById('cakeErr68012de9307b3-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68012de9307b3-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68012de9307b3-code').style.display = (document.getElementById('cakeErr68012de9307b3-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68012de9307b3-context').style.display = (document.getElementById('cakeErr68012de9307b3-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68012de9307b3-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68012de9307b3-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 2002,
		&#039;title&#039; =&gt; &#039;Govt already planning new base year by Asit Ranjan Mishra&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;
&lt;/font&gt;
&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Live Mint, 2 June, 2010, http://www.livemint.com/2010/06/02221047/Govt-already-planning-new-base.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 2082,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 2002,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Govt already planning new base year by Asit Ranjan Mishra&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Inflation,Agriculture&#039;,
	&#039;metaDesc&#039; =&gt; &#039;

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;&lt;font &gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 2002,
	&#039;title&#039; =&gt; &#039;Govt already planning new base year by Asit Ranjan Mishra&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;
&lt;/font&gt;
&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Live Mint, 2 June, 2010, http://www.livemint.com/2010/06/02221047/Govt-already-planning-new-base.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 2082,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 2002
$metaTitle = &#039;LATEST NEWS UPDATES | Govt already planning new base year by Asit Ranjan Mishra&#039;
$metaKeywords = &#039;Inflation,Agriculture&#039;
$metaDesc = &#039;

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few...&#039;
$disp = &#039;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;&lt;font &gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Govt already planning new base year by Asit Ranjan Mishra | Im4change.org</title>
    <meta name="description" content="

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Govt already planning new base year by Asit Ranjan Mishra</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <p align="justify"><br /><font >Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.</font></p><p align="justify"><font >The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. </font></p><p align="justify"><font >&ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.</font></p><p align="justify"><font >Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. </font></p><p align="justify"><font >But the CSO official cited above said it wasn&rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.</font></p><p align="justify"><font >&ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&rdquo; said the official.</font></p><p align="justify"><font >A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.</font></p><p align="justify"><font >A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.</font></p><p align="justify"><font >&ldquo;However, we will go by the final decision of Mospi,&rdquo; added the official, who, too, didn&rsquo;t want to be named.</font></p><p align="justify"><font >Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. </font></p><p align="justify"><font >Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &ldquo;difficult year&rdquo;.</font></p><p align="justify"><font >&ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&rdquo; Tendulkar said.</font></p><p align="justify"><font >India&rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.</font></p><p align="justify"><font >Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &ldquo;if 2009-10 was not used as the base year.&rdquo; </font></p><p align="justify"><font >The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. </font></p><p align="justify"><font >N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.</font></p><p align="justify"><font >&ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&rdquo; Bhanumurthy said.</font></p><p align="justify"><font >Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.</font></p><p align="justify"><font >&ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&rdquo; the official said.</font></p><p align="justify"><font >DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. </font></p><p align="justify"><font >The revised index is expected to have around 700 items, up from 435 at present.<br /></font></p>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68012de9307b3-trace').style.display = (document.getElementById('cakeErr68012de9307b3-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68012de9307b3-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68012de9307b3-code').style.display = (document.getElementById('cakeErr68012de9307b3-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68012de9307b3-context').style.display = (document.getElementById('cakeErr68012de9307b3-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68012de9307b3-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68012de9307b3-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 2002,
		&#039;title&#039; =&gt; &#039;Govt already planning new base year by Asit Ranjan Mishra&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;
&lt;/font&gt;
&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Live Mint, 2 June, 2010, http://www.livemint.com/2010/06/02221047/Govt-already-planning-new-base.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 2082,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 2002,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Govt already planning new base year by Asit Ranjan Mishra&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Inflation,Agriculture&#039;,
	&#039;metaDesc&#039; =&gt; &#039;

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;&lt;font &gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 2002,
	&#039;title&#039; =&gt; &#039;Govt already planning new base year by Asit Ranjan Mishra&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;
&lt;/font&gt;
&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Live Mint, 2 June, 2010, http://www.livemint.com/2010/06/02221047/Govt-already-planning-new-base.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 2082,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 2002
$metaTitle = &#039;LATEST NEWS UPDATES | Govt already planning new base year by Asit Ranjan Mishra&#039;
$metaKeywords = &#039;Inflation,Agriculture&#039;
$metaDesc = &#039;

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few...&#039;
$disp = &#039;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;&lt;font &gt;Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&amp;rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;But the CSO official cited above said it wasn&amp;rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&amp;rdquo; said the official.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;However, we will go by the final decision of Mospi,&amp;rdquo; added the official, who, too, didn&amp;rsquo;t want to be named.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &amp;ldquo;difficult year&amp;rdquo;.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&amp;rdquo; Tendulkar said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;India&amp;rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &amp;ldquo;if 2009-10 was not used as the base year.&amp;rdquo; &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&amp;rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&amp;rdquo; Bhanumurthy said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&amp;rdquo; the official said.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The revised index is expected to have around 700 items, up from 435 at present.&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Govt already planning new base year by Asit Ranjan Mishra | Im4change.org</title>
    <meta name="description" content="

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Govt already planning new base year by Asit Ranjan Mishra</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <p align="justify"><br /><font >Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.</font></p><p align="justify"><font >The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. </font></p><p align="justify"><font >&ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.</font></p><p align="justify"><font >Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. </font></p><p align="justify"><font >But the CSO official cited above said it wasn&rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.</font></p><p align="justify"><font >&ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&rdquo; said the official.</font></p><p align="justify"><font >A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.</font></p><p align="justify"><font >A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.</font></p><p align="justify"><font >&ldquo;However, we will go by the final decision of Mospi,&rdquo; added the official, who, too, didn&rsquo;t want to be named.</font></p><p align="justify"><font >Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. </font></p><p align="justify"><font >Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &ldquo;difficult year&rdquo;.</font></p><p align="justify"><font >&ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&rdquo; Tendulkar said.</font></p><p align="justify"><font >India&rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.</font></p><p align="justify"><font >Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &ldquo;if 2009-10 was not used as the base year.&rdquo; </font></p><p align="justify"><font >The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. </font></p><p align="justify"><font >N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.</font></p><p align="justify"><font >&ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&rdquo; Bhanumurthy said.</font></p><p align="justify"><font >Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.</font></p><p align="justify"><font >&ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&rdquo; the official said.</font></p><p align="justify"><font >DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. </font></p><p align="justify"><font >The revised index is expected to have around 700 items, up from 435 at present.<br /></font></p>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 2002,
		'title' => 'Govt already planning new base year by Asit Ranjan Mishra',
		'subheading' => '',
		'description' => '<p align="justify">
<br />
<font face="arial,helvetica,sans-serif" size="3">Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">But the CSO official cited above said it wasn&rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&rdquo; said the official.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;However, we will go by the final decision of Mospi,&rdquo; added the official, who, too, didn&rsquo;t want to be named.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &ldquo;difficult year&rdquo;.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&rdquo; Tendulkar said.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">India&rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &ldquo;if 2009-10 was not used as the base year.&rdquo; </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&rdquo; Bhanumurthy said.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&rdquo; the official said.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The revised index is expected to have around 700 items, up from 435 at present.<br />
</font>
</p>
',
		'credit_writer' => 'Live Mint, 2 June, 2010, http://www.livemint.com/2010/06/02221047/Govt-already-planning-new-base.html',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 2082,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 2002,
	'metaTitle' => 'LATEST NEWS UPDATES | Govt already planning new base year by Asit Ranjan Mishra',
	'metaKeywords' => 'Inflation,Agriculture',
	'metaDesc' => '

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few...',
	'disp' => '<p align="justify"><br /><font >Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.</font></p><p align="justify"><font >The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. </font></p><p align="justify"><font >&ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.</font></p><p align="justify"><font >Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. </font></p><p align="justify"><font >But the CSO official cited above said it wasn&rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.</font></p><p align="justify"><font >&ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&rdquo; said the official.</font></p><p align="justify"><font >A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.</font></p><p align="justify"><font >A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.</font></p><p align="justify"><font >&ldquo;However, we will go by the final decision of Mospi,&rdquo; added the official, who, too, didn&rsquo;t want to be named.</font></p><p align="justify"><font >Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. </font></p><p align="justify"><font >Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &ldquo;difficult year&rdquo;.</font></p><p align="justify"><font >&ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&rdquo; Tendulkar said.</font></p><p align="justify"><font >India&rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.</font></p><p align="justify"><font >Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &ldquo;if 2009-10 was not used as the base year.&rdquo; </font></p><p align="justify"><font >The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. </font></p><p align="justify"><font >N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.</font></p><p align="justify"><font >&ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&rdquo; Bhanumurthy said.</font></p><p align="justify"><font >Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.</font></p><p align="justify"><font >&ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&rdquo; the official said.</font></p><p align="justify"><font >DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. </font></p><p align="justify"><font >The revised index is expected to have around 700 items, up from 435 at present.<br /></font></p>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 2002,
	'title' => 'Govt already planning new base year by Asit Ranjan Mishra',
	'subheading' => '',
	'description' => '<p align="justify">
<br />
<font face="arial,helvetica,sans-serif" size="3">Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">But the CSO official cited above said it wasn&rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&rdquo; said the official.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;However, we will go by the final decision of Mospi,&rdquo; added the official, who, too, didn&rsquo;t want to be named.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &ldquo;difficult year&rdquo;.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&rdquo; Tendulkar said.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">India&rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &ldquo;if 2009-10 was not used as the base year.&rdquo; </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&rdquo; Bhanumurthy said.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&rdquo; the official said.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The revised index is expected to have around 700 items, up from 435 at present.<br />
</font>
</p>
',
	'credit_writer' => 'Live Mint, 2 June, 2010, http://www.livemint.com/2010/06/02221047/Govt-already-planning-new-base.html',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'govt-already-planning-new-base-year-by-asit-ranjan-mishra-2082',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 2082,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 2002
$metaTitle = 'LATEST NEWS UPDATES | Govt already planning new base year by Asit Ranjan Mishra'
$metaKeywords = 'Inflation,Agriculture'
$metaDesc = '

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few...'
$disp = '<p align="justify"><br /><font >Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months.</font></p><p align="justify"><font >The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. </font></p><p align="justify"><font >&ldquo;As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,&rdquo; a senior Central Statistical Organisation (CSO) official said on condition of anonymity.</font></p><p align="justify"><font >Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. </font></p><p align="justify"><font >But the CSO official cited above said it wasn&rsquo;t certain that 2009-10 would be the ideal reference point for constructing the indices.</font></p><p align="justify"><font >&ldquo;This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,&rdquo; said the official.</font></p><p align="justify"><font >A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics.</font></p><p align="justify"><font >A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year.</font></p><p align="justify"><font >&ldquo;However, we will go by the final decision of Mospi,&rdquo; added the official, who, too, didn&rsquo;t want to be named.</font></p><p align="justify"><font >Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. </font></p><p align="justify"><font >Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a &ldquo;difficult year&rdquo;.</font></p><p align="justify"><font >&ldquo;The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,&rdquo; Tendulkar said.</font></p><p align="justify"><font >India&rsquo;s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10.</font></p><p align="justify"><font >Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results &ldquo;if 2009-10 was not used as the base year.&rdquo; </font></p><p align="justify"><font >The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. </font></p><p align="justify"><font >N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn&rsquo;t make an ideal reference point given all economic indicators had been volatile in the year.</font></p><p align="justify"><font >&ldquo;2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,&rdquo; Bhanumurthy said.</font></p><p align="justify"><font >Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month.</font></p><p align="justify"><font >&ldquo;We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,&rdquo; the official said.</font></p><p align="justify"><font >DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. </font></p><p align="justify"><font >The revised index is expected to have around 700 items, up from 435 at present.<br /></font></p>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51

Govt already planning new base year by Asit Ranjan Mishra

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months. The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say that as 2004-05 is already six years past, it needs to be updated quickly. “As soon as we release the new indices with the base year 2004-05, work for a new base year will start immediately,” a senior Central Statistical Organisation (CSO) official said on condition of anonymity. Government ministries are now debating whether 2009-10 will be an ideal base year. The department of industrial policy and promotion (DIPP), which releases the monthly wholesale price index, wants the base year to be 2009-10. But the CSO official cited above said it wasn’t certain that 2009-10 would be the ideal reference point for constructing the indices. “This was a year when the country faced a severe economic crisis and one of the worst droughts which impacted the farm output. We are thinking of making either 2010-11 or 2011-12 as the next base year,” said the official. A final decision on the matter will be taken by the Standing Committee on Industrial Statistics under the ministry of statistics. A DIPP official said that since the consumption expenditure survey by the National Sample Survey Organisation had already been carried out in 2009-10, based on which the weightage of various commodities in the WPI are calculated, the department favoured adopting 2009-10 as the base year. “However, we will go by the final decision of Mospi,” added the official, who, too, didn’t want to be named. Used as a benchmark for measuring economic data, a base year is selected by virtue of being a normal one without any wide fluctuations in production, trade and prices of commodities in general. Reliable price data should also be available for the selected year, which should be as recent as possible. Suresh Tendulkar, the former chairman of NSC, the apex body on core statistics, supported 2009-10 as the new base year while accepting that it was a “difficult year”. “The year 2004-05 was a year when change was beginning to happen. If you look at economic growth rate, it was not much different from 2009-10. If choice is between 2004-05 and 2009-10, then I would prefer the latter as it is a more recent one,” Tendulkar said. India’s gross domestic product (GDP) grew 6.9% in 20004-05; GDP expanded 7.4% in 2009-10. Tendulkar also said that while CSO can decide the weight basket of commodities used to compile IIP based on the annual survey of industry, deciding the weight basket of price indices such as wholesale and consumer price indices will have to wait another five years for the consumption expenditure survey results “if 2009-10 was not used as the base year.” The CSO official said if 2009-10 is not made the base year, an interim consumption expenditure survey may have to be conducted in 2011-12 for the weight basket. N.R. Bhanumurthy, an economist at the New Delhi-based National Institute of Public Finance and Policy, said 2009-10 wouldn’t make an ideal reference point given all economic indicators had been volatile in the year. “2010-11 will be a more stabilizing year from the cost and price point of view. Hence, the ministry of statistics should plan for a consumption expenditure survey in this year to make it the base year,” Bhanumurthy said. Asked about the release of IIP with the new base year scheduled for this month, the CSO official said that it may be delayed by another month. “We are waiting for the views of the Planning Commission. We will send the note to the cabinet secretary, which will be then taken up by the committee of secretaries,” the official said. DIPP is also in the advanced stages of updating the base year for WPI to 2004-05, abandoning the current one of 1993-94, and is currently carrying out a test run for the new series. The revised index is expected to have around 700 items, up from 435 at present.