https://www.taxtmi.com/news?id=13901 Revision of the national accounts base year to 2011-12 incorporates conceptual and statistical changes, new data sources and presentation conventions. Industry output will be presented as Gross Value Added at basic prices and the aggregate as GDP at market prices; GVA at factor cost remains derivable using production taxes less subsidies. Rebasing has revised nominal and constant-price estimates of GDP and related aggregates for 2011-12 through 2013-14, altered sectoral growth profiles, and affected saving and capital formation measures while leaving common ratios to nominal GDP broadly intact. en-us Sat, 31 Jan 2015 17:18:40 +0530 Sat, 31 Jan 2015 17:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13901 Revision of the national accounts base year to 2011-12 incorporates conceptual and statistical changes, new data sources and presentation conventions. Industry output will be presented as Gross Value Added at basic prices and the aggregate as GDP at market prices; GVA at factor cost remains derivable using production taxes less subsidies. Rebasing has revised nominal and constant-price estimates of GDP and related aggregates for 2011-12 through 2013-14, altered sectoral growth profiles, and affected saving and capital formation measures while leaving common ratios to nominal GDP broadly intact. News - Sat, 31 Jan 2015 17:18:40 +0530 https://www.taxtmi.com/news?id=13901