The government has changed the base year for Wage Rate Index (WRI). What is the new base year?
Answer with explanationAnswer: Option D
The Labour ministry has released the new series of Wage Rate Index (WRI) with the base year being 2016. The government periodically revises the base year of WRI for key economic indicators in order to provide a clear picture of economic changes and record the wage pattern of workers. The new series of WRI with base 2016=100 will replace the old series with base 1963-65.
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