15 Aug, 2013 1:35p.m.

New series for CPI-IW, DA Calculation formula to change

A new series for the calculation of the Consumer Price Index is under preparation. The index is used as the baase for calculation of Dearness Allowance for the central government and state government employees. 

Ministry of Labour and Employment, Government of India has decided to prepare a new series of Consumer Price Index for Industrial Workers. 

For this purpose, Government has set up a Standing Tripartite Committee (STC) to advise the Government on issues pertaining to the Consumer Price Index for Industrial Workers (New Series).

The STC will go into details of various parameters that are taken into consideration for updation of the base year such as the weighting diagram, consumption basket, selection of centres, sample size of establishments for price collection etc.

Government has no specific information about the skilled/semi-skilled worker outsourced by the Central Government /State Governments through contractors not being paid as per the CPI. 

However, the Contract Labour Act, 1970 inter-alia, contains provisions for payment of wages to these category of workers. 

The contract workers are also entitled to receive minimum wages as notified by the appropriate Governments from time to time.

This information was given by Minister of State for Labour & Employment Shri Kodikunnil Suresh in the Lok Sabha today in reply to a written question.

Latest in Important News
opportunity-for-revision-of-option-to-come-over-to-revised-pay-structureOpportunity for revision of option to come over to revised pay structure 🕑 13 Dec,18
will-bjps-election-drubbing-make-govt-reconsider-demands-made-by-govt-employeesWill BJP's election drubbing make Govt. reconsider Demands made by Govt. Employees ? 🕑 13 Dec,18
railway-union-to-support-the-party-which-fullfill-their-demandsRailway union to support the party which fullfill their demands 🕑 11 Dec,18
minutes-of-meeting-general-secretary-nfir-and-railway-minister-on-dec-7-2018Minutes of meeting - General Secretary, NFIR and Railway Minister on Dec 7, 2018 🕑 10 Dec,18
tier-ii-nps-investments-by-govt-staff-to-get-it-deductions-under-80cTier II NPS investments by Govt. staff to get IT deductions under 80C 🕑 10 Dec,18
aai-employees-on-hunger-strike-against-airports-privatisationAAI employees on hunger strike against airports privatisation 🕑 10 Dec,18
govt-contribution-to-nps-hiked-to-14Govt. contribution to NPS hiked to 14%. 🕑 07 Dec,18
bsnl-employee-unions-defer-strike-december-10BSNL employee unions defer strike December 10 🕑 06 Dec,18
govt-rejects-demand-higher-military-service-pay-mspGovt. rejects demand higher Military Service Pay (MSP) 🕑 04 Dec,18
cabinet-secretary-assures-matter-of-providing-benefits-of-the-old-pension-scheme-to-be-taken-up-in-the-next-cabinet-meetingCabinet secretary assures matter of providing benefits of the old pension scheme to be taken up in the next Cabinet meeting 🕑 04 Dec,18
Latest in Other News Sections
ITR forms soon to come prefilled 🕑 04 Dec,18 9:41p.m.
Govt. mulling rewards for honest and consistent taxpayers 🕑 14 Oct,18 9:54p.m.
Ayushman Bharat Health Scheme: All You Need To Know 🕑 25 Sep,18 1:39p.m.
Amazon launches five new Echo products in India 🕑 21 Sep,18 11:30a.m.
Interest for PPF and other small savings schemes hiked 🕑 20 Sep,18 12:06p.m.
Apple announces iPhone XS, XS Max and XR. 🕑 13 Sep,18 9:10p.m.
Five most healthful nuts 🕑 12 Sep,18 1:03p.m.
10 purposes where you can withdraw PF contribution before retirement 🕑 23 Jul,18 6:20p.m.
PFRDA to allow partial fund withdrawal from NPS for higher education 🕑 03 May,18 8:11p.m.
Seven things Aadhaar card holders need to know 🕑 17 Jan,18 4:50p.m.