Current Affairs Section
VIACOM18 ਮੀਡੀਆ ਰਿਲਾਇੰਸ ਇੰਡਸਟਰੀਜ਼ ਦੀ ਸਿੱਧੀ ਸਹਾਇਕ ਕੰਪਨੀ ਬਣ ਗਈ ਹੈ
Date: 04-01-2025Category: National
- The government of India has set up a Working Group to revise the base year of the Wholesale Price Index (WPI) and also suggest a road map to gradually transit from the existing WPI to the Producer Price Index.
- The base year of the present WPI is 2011-12 and it is to be switched to 2022-23.
WPI and CPI and PPI
WPI
- The WPI I captures the average wholesale prices of goods. It includes only basic prices and does not include taxes, rebate/trade discounts, transport, and other charges.
- It is also called a producer-level index.
- The WPI includes only goods and services that are not included.
- It is used as a GDP deflator to calculate real GDP from nominal GDP.
- The WPI data is released monthly by the DIIPT, Union Ministry of Commerce and Industry.
Consumer Price Index (CPI)
- CPI is also called retail inflation.
- It includes the average price of the goods and services used by the consumers.
- The CPI is used by the government/Reserve Bank of India to target inflation, wage revision, dearness allowances, etc.
- The CPI data is released monthly by the National Statistic Office (NSO), Union Ministry of Statistics, and Programme Implementation.
Proposed Producer Price Index (PPI)
- PPI will measure wholesale prices of goods and services by tracking prices at different stages of production.
- The PPI will also include the service sector which is a major part of the Indian economy and is not included in calculating WPI.
- In most of the developed countries, the PPI has been replaced as per the internationally agreed System of National Accounts (SNA) to compile measures of economic activity.
- The Indian government has been trying to find a suitable methodology to construct the P
Date: 04-01-2025
Category: National
- Madhya Pradesh Chief Minister Mohan Yadav inaugurated the 31st National Children’s Science Congress at the Ravindra Bhawan in Bhopal,Madhya Pradesh .
- The 30th National Children's Science Congress (NCSC) was held in Ahmedabad,Gujarat 2023.
- The main theme of the 31st National Children’s Science Congress is “Understanding Ecosystems for Health and Well-being”.
- The National Children’s Science Congress is organised by the National Council for Science and Technology Communication (NCSTC). The NCSTC comes under the Department of Science and Technology, Government of India.
Category: National
- The Union Cabinet has approved the Memorandum of Understanding (MoU) signed by the Union Ministry of Cooperation and the Ministry of Trade of Indonesia.
- India will supply one million metric tonnes of non-basmati white rice to Indonesia per year at the prevalent international price.
- The duration of the MoU will be four years and will be automatically extended for four years.
- Basmati rice is premium rice and in 2023-24 the major export destinations of basmati rice were Saudi Arabia, Iran Iraq, United Arab Emirates, the USA, and Yemen.
- The total export of non-basmati rice in 2023-24 was Rs. 37804.48 Crores or $4570.06 Million. The major export markets were Benin, Guinea, Togo, Cote D Ivoire, and Vietnam.
Category: National
- According to the government of India, the country will emerge as the 6th largest exporter of textiles and apparel in the world in 2023.
- The share of the country in the world’s textiles and apparel market was 3.9 % in 2023.
- China remains the largest exporter of textiles and apparel in the world followed by the European Union and Bangladesh.
- The total exports of textiles, apparel, and handicraft were USD 21.358 billion during the April-October period of FY 2025
Category: National
ਭਾਰਤ 2029 ਤੱਕ ਅੰਟਾਰਕਟਿਕਾ ਵਿੱਚ ਮੈਤਰੀ ਨੂੰ ਮੈਤਰੀ-2 ਰਿਸਰਚ ਸਟੇਸ਼ਨ ਨਾਲ ਬਦਲੇਗਾ
Date: 03-01-2025
Category: National
- In a boost to the agricultural sector in the country, the government of India has approved several policy decisions including the extension of the major crop insurance scheme- Restructured Weather Based Crop Insurance Scheme and Pradhan Mantri Fasal Bima Yojana.
- The government has also approved the creation of FIAT to fund research and development projects in the agricultural sector like YES-TECH, and WINDS.
- The central government has extended the central sector crop insurance scheme -Pradhan Mantri Fasal Bima Yojana and Restructured Weather Based Crop Insurance Scheme by one year till 2025-26.
Category: National