CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Government has set up a 13-member committee to upgrade the norms for computation of economic data, GDP. This Committee will be headed by
A
Avinash K Srivastava
B
YH Malegam
C
Ravindra H Dholakia
D
R Gandhi
Explanation: 

Detailed explanation-1: -This 13 member Committee for Sub-National Accounts will be headed by Ravindra H Dholakia. Bakul Harshadrai Dholakia is the Former Director General of International Management Institute, New Delhi. He is best known for his time at IIM Ahmedabad, where he was the Director (2002–2007).

Detailed explanation-2: -Recognizing the importance of the SDP, the Committee for Sub-National Accounts was constituted through the Gazette Notification dated 27th June, 2018 (Annex-I) under the Chairmanship of Prof. Ravindra H.

Detailed explanation-3: -The base year for calculating GDP (Gross Domestic Product) in India is 2011-12. The Ministry of Statistics and Programme Implementation is considering changing of base year for GDP calculation from 2011-12 to 2017-18.

Detailed explanation-4: -The new committee for Sub-National Accounts will be headed by Ravindra H Dholakia, a retired professor of IIM Ahmedabad. MOSPI has decided to change the base year to 2017-18 for the calculation of GDP and IIP numbers from the current 2011-12 with an aim to capture changes in the economy.

There is 1 question to complete.