Answer & Explanation
A) Ministry of Commerce and Industry
The India's commerce and industry ministry has started the exercise to revise base year to 2017-18 for computation of wholesale inflation with a view to present more realistic picture of the price situation
In May last year, the government revised the base year for WPI-based inflation to 2011-12 to give a better indication of changes in prices of commodities.
The new index, with 2017-18, is expected to have new items, which would provide a more realistic picture of price rise and its impact on people.
Most of the additions could be in the manufactured products category. Currently, the index has a total of 697 items, including primary articles, fuel and power and manufactured products.