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Get latest articles and stories on Latest News at LatestLY. The government is expected to release a framework to assess the logistics cost in the country to get a realistic estimate tomorrow, an official has said. Latest News | Govt Likely to Come out with Logistics Cost Estimate Framework on Thursday.
The retail prices of key agricultural produce such as rice, wheat, onion, and sugar have been on an upswing in the last six months. Notwithstanding the government’s efforts, Crisil expects prices to remain elevated due to supply-side issues.
In the October meeting, it had projected Q2 real GDP growth of 6.5 per cent, which turned out to be 110 basis points lower than the actual number
'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'
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