Question
What is the proposed new base year for GDP calculation
as suggested by the Ministry of Statistics and Programme Implementation (MoSPI)?Solution
MoSPI has proposed updating the GDP base year from 2011-12 to 2022-23 to enhance the relevance and accuracy of economic data. This change is expected to take effect by February 2026, with updates also planned for the Consumer Price Index (CPI) and Index of Industrial Production (IIP).
Who among the following was nominated to the Rajya Sabha by President Droupadi Murmu?
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