Base Year Change

A base year is the reference year whose prices are used to calculate the real growth (minus inflation) in national income

The ministry is currently undertaking a market survey, a requirement to update the base year for CPI, as it is used to update the CPI basket

Economic indices such as the Index of Industrial Production (IIP), Wholesale Price Index (WPI), and National Income are benchmarked to FY12

Navi Finserv debt bond got listed on Friday following 1.65 times subscription of the base issue of Rs 300 crore, the company said. The issue which closed on June 2, eight days ahead of schedule, received total bids worth Rs 495.72 crore which was about 65 per cent higher than the base issue. The fintech firm's secured, rated, listed and redeemable Non-Convertible Debentures (NCDs) had a total value of Rs 600 crore, including the greenshoe option of Rs 300 crore. The maximum bid for the Navi Finserv (NFS) issue came from Qualified Institutional Buyers (QIB) followed by HNIs (High Net-worth Individuals) and retail investors. "It's great to see the response to our maiden public NCD issuance from both retail and institutional investors. Our goal was to diversify our borrowing profile, and with more than 5,000 retail and HNI investors participating in the issue, the market has shown its confidence in our company's strong fundamentals and robust business model," NFS chairman and CEO Sach

FY20 is being considered for a 'more realistic comparison'

Govt should prioritise releasing back series for national statistics

Statistics Minister D V Sadananda Gowda said the change will happen by the end of 2018