Questions

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.

The purines are bases in the DNA. The two purines in DNA are Adenine and Guanine. These two purines forms hydrogen bonds with their complimentary pyrimidines such as Thymine and Cytosine to keep the two rails of the DNA molecule together.

One of the thing that progressive support would be: Direct election of senators.

The progressive wanted this so they could the candidate based on the person and not the party.
Direct election of senators will make it easier for them to elect the person that represent their value for the position.

Marginal propensity to consume (MPC) in economics is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers).

Several Budget proposals, including the reintroduction of the tax on long-term capital gains (LTCG) exceeding 1 lakh from the sale of shares, will kick in from 01st April 2018, the beginning of the 2018-19 financial year.