Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
SPONSORED BY
LIVE TV DownloadNews18 App
News18 English
»
2-min read

Gutka, Calculators, TV Picture Tubes Removed From New Index of Industrial Production

Items like gutka, calculators and coloured TV picture tubes have been removed from the new series of Index of Industrial Production with 2011-12 as base year, while steroids and refined palm oil are among those that have found place in it.

PTI

Updated:May 12, 2017, 9:19 PM IST
facebookTwittergoogleskypewhatsapp
Gutka, Calculators, TV Picture Tubes Removed From New Index of Industrial Production
Representative image (Image: Reuters)
Loading...
New Delhi: Items like gutka, calculators and coloured TV picture tubes have been removed from the new series of Index of Industrial Production with 2011-12 as base year, while steroids and refined palm oil are among those that have found place in it.

The total number of items in the index has increased to 809 as compared to 620 earlier.


The changes effected by the government in the product basket are aimed at capturing the economic data in a more comprehensive manner.

The 149 new items include steroids and hormonal preparations, cement clinkers, medical/surgical accessories, pre-fabricated concrete blocks and refined palm oil. On the other hand, 124 items such as biaxially oriented polypropylene films, calculators, colour TV picture tubes, gutka have been deleted from the 2004-05 series.

The Central Statistics Office (CSO), under the Ministry of Statistics and Programme Implementation, revises the base year of the macroeconomic indicators as a regular exercise to capture structural changes in the economy and improve the quality and representativeness of the indices.


The revised series uses the National Industrial Classification (NIC) 2008 for the purpose of classification of industrial production.

The ministry also said in a statement that in order to reflect the increasing significance of electricity generation from renewable sources, it has been decided to include the data in the new series.

Further, it added that the number of source agencies reporting data for compilation of IIP in the new series will be 14 as compared to 15 earlier.

The objective of the revision is to update the item basket and reporting entities and to "bring the coverage more in line with the current consumption and production patterns", Chief statistician TCA Anant told reporters in New Delhi.


He said certain items which were in the old series are present in the new series as well, but are appropriately reclassified either by splitting up old items or combining them.

"An effort has been made to broad-base data collection to ensure that we get data from much larger establishments," he added.

He also said that with the release of the new series of IIP (base 2011-12), an institutional mechanism has been established for facilitating dynamic revision of the item list of products and the panel of factories, through a Technical Review Committee, chaired by Secretary, Ministry of Statistics.

The committee will meet at least once a year for identifying new items that need to be included in the item basket and removing those that have lost relevance in the industrial sector or are no longer being produced.
| Edited by: Bijaya Das
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 
Most Active
Company Price Change %Gain
Reliance 1,385.95 3.14
PC Jeweller 145.15 -0.55
Interglobe Avi 1,554.40 -1.74
Tata Motors 236.25 2.49
Infosys 717.05 -0.97
Company Price Change %Gain
SpiceJet 136.25 2.68
PC Jeweller 145.20 -0.55
HDFC Bank 2,290.15 -0.63
Reliance 1,382.90 2.79
Jet Airways 163.90 -32.23
Top Gainers
Company Price Change %Gain
Reliance 1,385.95 3.14
JSW Steel 299.15 2.73
Tata Motors 236.25 2.49
BPCL 362.90 1.51
Wipro 284.80 1.39
Company Price Change %Gain
Reliance 1,382.90 2.79
Tata Motors 235.90 2.32
Asian Paints 1,465.35 0.65
TCS 2,145.50 0.61
Coal India 251.75 0.22
Top Losers
Company Price Change %Gain
Yes Bank 255.80 -4.00
Indiabulls Hsg 800.55 -3.83
Hindalco 207.20 -3.61
Vedanta 178.60 -3.43
Zee Entertain 402.30 -3.19
Company Price Change %Gain
Yes Bank 255.30 -4.18
Vedanta 178.70 -3.51
IndusInd Bank 1,764.00 -2.86
Tata Steel 542.85 -1.77
Larsen 1,360.75 -1.57

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results