Saturday, June 11, 2011

Revision of Base Year of All India Index of Industrial Production

Revision of Base Year of All India Index of Industrial Production

The Committee of Secretaries (COS) in its meeting held on 10th May, 2011 approved the release of the new series of Index of Industrial Production (IIP) with 2004-05 as its base and directed that the new series of IIP may be released for the month of April, 2011onwards. Accordingly IIP new series is released today i.e 10th June, 2011, which is the Quick Estimate (QE) of IIP for the month of April, 2011. The time series indices for the period of April, 2005 to March, 2011 are also released along with the QE of April, 2011 index. Though the Q.E. of the IIP pertaining to the old series of IIP (Base: 1993-94=100) is also made available through this Ministry’s website for comparison and academic purposes, the same will be discontinued from the month of September, 2011 onwards. In other words, the Q.E. of IIP pertaining to 1993-94 series will be provided only upto the month of August, 2011, which will be the Q.E. of IIP for the month of June, 2011.

The revision of base year of IIP was undertaken based on the recommendations of the Standing Committee on Industrial Statistics (SCIS), constituted by the Ministry of Statistics & PI. The SCIS includes members from concerned Ministries, and it is presently chaired by Dr. Biswanath Goldar, Professor, Institute of Economic Growth. The National Statistical Commission (NSC) also recommended revision of base year of IIP to 2004-05.

Ramdev, on an indefinite fast against corruption

Babas fast for the 8th consecutive day has brought attention of all segments of society and looks towards the UPA government for their actions to pursue the Yoga celebrity to end the fast.Veerappa Moily talks Sri Sri Ravishankar to convince Ramdev to give up his fast, Swami Agnivesh meeting the PM and FM is asked to do the needful to end fast.Yoga guru Ramdev, who is on an indefinite fast against corruption, black money here, today decided to take lemonade and honey after being persuaded by district administration officials. "He has accepted our request and has decided to take lemon water and honey so that his body gets glucose," Haridwar District Magistrate R Meenakshi Sundaram told reporters after meeting Ramdev here. Defence Minister A K Antony today said politicians, bureaucrats and others holding key positions are not ready for the "transition to transparency" and contended that this was creating problems. "Country is passing through a new era revolution-- the transparency revolution.

BJP core group tonight expressed concern at the health of Ramdev who was admitted to the ICU of a Dehra Dun hospital on the seventh day of his fast and said any untoward turn in the Yoga guru's condition will become a national issue.BJP leaders at the meeting discussed the Yoga guru's health and opined that any untowrd turn in his condition will become a national issue, party sources said. (PTI) The condition of yoga guru Ramdev, who was admitted to a hospital near here yesterday, was stable today, his close aides said.Ramdev, who was admitted to the Himalayan Institute of Medical Sciences last evening after his condition deteriorated on the seventh day of his fast against corruption, was administered saline and glucose.A spokesman of the hospital said a team of doctors would again monitor Ramdev's health in the morning and issue a medical bulletin later in the day."He is conscious. He spoke to his aides last night," sources said.

Ramdev was being administered intervenous fluid - glucose and normal saline - following which his condition improved, doctors said.The 46-year-old yoga exponent was admitted to the ICU immediately after he was brought to the hospital where doctors examined him.Chief Minister Ramesh Pokhriyal Nishank said government took the decision to hospitalise Baba Ramdev due to his falling health.

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