New WRI series Current Affairs, GK & News

Base year modified in Wage Rate Index (WRI)

Recently, Ministry of Labour released a new series of Wage Rate Index (WRI) with base year 2016. Key Points The Wage Rate Index (WRI) is being compiled and maintained by the Labour Bureau. New series of WRI with base 2016=100 is going to replace old series with base 1963-65. Why base year was revised? Central ..