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The government is going to prepare new CPI-IW for industrial workers with the base year 2016 -100. Dearness Allowance hike.
In the execution of new CPI-IW the Dearness Allowance will definitely go up.
Da for industrial workers. Dearness Allowance hike. The central government has decided to increase the Industrial Workers Variable Dearness Allowance VDA by 95. The Labour Ministry has increased the VDA of the Armed Workers from Rs 87 to Rs 104 per day.
Dearness Allowance DA Dearness Allowance is cost of living adjustment allowance which the government pays to the employees of the public sector as well as pensioners of the same. DA component of the salary is applicable to both employees in India and Bangladesh. The Calculation of DA is done with the help of CPI-IW Index.
In the execution of new CPI-IW the Dearness Allowance will definitely go up. The government is going to prepare new CPI-IW for industrial workers with the base year 2016 -100. Currently DA had stopped due to COVID-19 pandemic till June 2021.
Revised Variable DA Minimum Wages for Industrial Workers of Stone Mines wef 1st April 2021. The Union government is set to change the base year for the consumer price index for industrial workers CPI-IW paving the way for a possible hike in minimum wage of private sector workers and dearness allowance DA of government employees. Union Labour and Employment Minister Santosh Kumar Gangwar is scheduled to release the new CPI-IW index keeping 2016 as the.
Hence there is an increase in DA slabs of 43 ie. 818 Slabs for payment of DA for the quarter November December 2020 January 2021. In terms of clause 7 of the 10th Bipartite Settlement dated 25052015 and clause 3 of the Joint Note dated 25052015 the rate of Dearness Allowance payable to workmen and officer employees for the months of.
DA for central government employees started from 0 with effect from 1st Jan 2016 by merging DA with basic pay. Dearness Allowance payable with effect from 7th CPC Basic Pay Avg of CPI-IW for the past 12 months Average of CPI-IW recorded in 2015100 Average of CPI-IW recorded in 2015 How to Calculate DA from 1st January 2016. Minimum Wages VDA for Industrial Workers in Construction from 01102019.
13632019-LS-II Government of India Ministry of Labour Employment Office of the Chief Labour CommissionerC New Delhi. Dearness Allowance from July 2013. AICPIN -Consumer Price Index for Industrial Workers CPI-IW January 2013 As it was almost confirmed that expected dearness allowance from January 2013 will be 80 and only issuing Government order for.
New CPI-IW Base Year 2016100 for DA Calculation. October 22 2020 admin Leave a Comment. The CPI-IW is the single most important price statistics which has financial implications.
It is primarily used to regulate the dearness allowance of government employees and the workers in the industrial sectors. The government plans to change the base year for the Consumer Price Index for Industrial Workers CPI-IW to 2016 from 2001. Expected DA from Month of January 2021.
With this calculator we can know the predictable Dearness allowance for the coming January 2021 using the AICPIN points issued by the labor bureau every month. All India Consumer Price Index for Industrial Workers CPI-IWfor the month of September 2020 New Base 2016100 118 Points. The Labour Bureau has changed the base year of the Consumer Price Index for Industrial Workers from 2001 to 2016.
The link factor for the new series 2016100 to the old series 2001100 is 288. The above table gives the values from September 2020 with base year as 2001 calculated by multiplying the new index number with the link factor. The government on Thursday launched the new series of CPI for industrial workers CPI-IW with a new base year of 2016.
This is used by policymakers for tracking inflation and for fixing dearness allowance DA of employees and industrial workers. I expect the Labour Bureau which is working towards modifying the. The CPI-IW is mainly used for determining dearness allowance DA paid to centralstate government employees and workers in the industrial sectors besides fixation and revision of minimum wages in scheduled employments.
The move will benefit 30 million organised industrial workers of the country and central and state government employees along with public sector unit workers since the DA is based on the. All India Consumer Price Index for Industrial Workers Base Year 2001100 Current Status of AICPI is 338 As on 30092020 Calculation of Expected DA for Central Government Employees and Pensioners AICPIN indirectly reflects in the. All India Consumer Price Index for Industrial Workers CPI-IW Feb 2019 AICPIN for February 2019 Expected DA from July 2019.
Expected Dearness Allowance Calculation from July 2019. No512019-CPI GOVERNMENT OF INDIA MINISTRY OF LABOUR EMPLOYMENT LABOUR BUREAU CLEREMONT SHIMLA-171004 DATED.