(TO BE PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(2)-B(PD)/2020
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
New Delhi, the 27th October, 2020
RESOLUTION
It is announced for general information that during the year 2020-2021, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st October, 2020 to 31st December, 2020. This rate will be in force w.e.f. 1st October, 2020. The funds concerned are:
The Cabinet Secretary,
Cabinet Secretariat,
Government of India,
Rastrapathi Bhawan,
NEW DELHI.
Dear Sir,
This is to give notice that the employees who are members of the affiliated organisations of the Confederation of Central Government Employees and Workers will go on One Day Nationwide strike on 26th November-2020.
The Charter of demands in pursuance of which the employees will embark upon the one day strike action is enclosed.
Thanking you,
Yours Sincerely,
(R.N. Parashar)
Secretary General,
Encl: Charter of demands.
CHARTER OF DEMANDS
1. Scrap New Contributory Pension Scheme (NPS). Restore old defined benefit Pension Scheme (OPS) to all employees. Guarantee 50% of the last pay drawn as minimum pension.
2. (a) Scrap the draconian FR 56((j) & (i) and Rule 48 of CCS (Pension) Rules 1972. Stop terrorizing and victimizing employees.
(b) Withdraw the attack against the recognised status of Associations and Federations.
(c) Withdraw the anti-worker Wage/Labour codes and other anti-labour reforms.
(d) Stop attack on trade union rights.
3. (a) Withdraw the orders freezing the DA and DR of employees and Pensioners and impounding of arrears till 30-06-2021.
(b) Implement five year wage revision and Pension revision to Central Government employees and Pensioners. Appoint 8th Central Pay Commission and revise the Pay, Allowances and Pensionary benefits of Central Government employees and Pensioners with effect from 01-01-2021.
(c) Honour the assurance given by Group of Ministers (GoM) to NJCA leaders on 30-06-2016. Increase minimum pay and fitment formula recommended by 7th CPC. Grant HRA arrears from 01-01-2016.
(d) Withdraw “Very Good” bench mark for MACP, grant promotional heirarchy and date of effect of MACP from 01-01-2006.
(e) Grant Option-1 parity recommended by 7th CPC to all Central Govt. Pensioners. Grant one notional increment to those who retired on 30th June.
(f) Settle all anomalies arising out of 7th CPC implementation.
4. Stop ban on creation of new posts. Fill up all seven lakhs vacant posts in Central Government departments in a time bound manner. Scrap National Recruitment Agency and introduce Departmentwise recruitment and Regional recruitment for Group B and C posts. Stop re-engaging retired personnel in Central Govt. services.
5. Stop Corporatisation and privatisation of Railways, Defence and Postal Departments. Withdraw closure/merger orders of Govt. of India Printing Presses and Postal Stores depots/Postal Stamp depots. Stop proposed move to close down salt department. Stop outsourcing and closure of Govt. establishments.
6. (a) Regularisation of Gramin Dak Sevaks and grant of Civil Servants status. Implement remaining positive recommendations of Kamalesh Chandra Committee Report.
(b) Regularise all casual and contract workers including those joined service on or after 01-09-1993.
7. Settle all Covid-9 related issues pertaining to Central Govt. employees and Pensioners on top priority basis. Treat the period of absence during lock down as duty. Grant full wages to casual, part-time, contingent and contract workers during the lock down period.
8. Grant equal pay for equal work for all. Remove disparity in pay scales between Central Secretariat staff and similarly placed staff working in field units of various departments.
9. Implement 7th CPC wage revision and pension revision to remaining Auton omous body employees and pensioners. Ensure payment of full arrears without further delay. Grant Bonus to Autonomous body employees pending from 2016-17 onwards.
10. Remove arbitrary 5% ceiling imposed on compassionate appointments. Grant appointment in all eligible cases.
11. Grant five time-bound promotions to all Group B & C employees. Complete cadre review in all departments in a time bound manner.
12. Ensure prompt functioning of various negotiating forums under the JCM Scheme at all levels.
Employees’ Provident Fund Organisation
(Ministry of Labour & Employment, Govt. Of India)
Head Office
Bhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi-110066
No.WSU/25(1)/2018-19/PLB
Date: 22.10.2020
All Addl. CPFC (Zones),
RPFC-I (ASD), Head Office &
Director (PDNASS) and
All Regional P.F. Commissioners-Incharge of
Regional Offices.
Sub: Declaration of Productivity Linked Bonus (P.L.B.) for the employees of the EPFO for the year 2019-2020
Sir/Madam,
The Central Government has conveyed its approval to the existing Productivity Linked Bonus Scheme for the year 2019-2020 for the employees of EPFO vide letter No A- 26022/1/94-SS-1 (Pt) dated 22nd October, 2020.
2. Accordingly, the competent authority is pleased to convey the approval for payment of the Productivity Linked Bonus for the year 2019-2020 for 60 (Sixty) days in all the offices of EPFO. The bonus of 60 days has been assessed on the basis of data/information submitted by the Zonal Offices in compliance to Head Office letter dated 07.10.2020. The payment of bonus is to be released to all Group ‘C’ and Group ‘B’ (Non-Gazetted) employees of EPFO.
3. The quantum of bonus may be assessed as per the following formula:-
=(AVERAGE EMOLUMENTS) X (NUMBER OF DAYS OF BONUS) 30.4*
(* Average number of days in a month)
4. The expenditure incurred for payment of bonus may be debited from the budget head “Productivity Linked Bonus.” It may be ensured that Bonus is disbursed as per eligibility.
OFFICE OF THE PR. CONTROLLER OF DEFENCE ACCOUNTS (PENSIONS)
DRAUPADI GHAT, ALLAHABAD – 211 014
EPBAX Tele- (053201877; 2491879, 2421880 Extn-3120
Call Centre No (Toll Free) – 18001805325 (Timing – 09:30 AM to 06:00 PM)
(Through website)
Circular No 214
No. AT/Tech/30/Vol-XX
Dated: 21/10/2020
To
1. The Chief Accountant, RBI Deptt. of Govt. Bank Accounts,
Central office C-7, Second Floor, Bandre- Kurla Complex, P B
No. 8143, Bandre East Mumbai-400051
2. The Director of Treasuries (all states)
3. The Manger CPPC of Public Sector Banks including IDBI
4. The CDA (PD), Belvedee Complex, Ayudh Path, Meerut-250001
5. The CDA-Chennai, 618, Anna Salai, Teynampet, Chennai-600018
6. The Nodal Officers (ICICI/ AXIS/HDFC Bank)….
7. The Pay & Accounts Officer, Andaman and Nicobar Administration, Port Blair
8. The Pay & Accounts Officer, Govt. of Maharashtra,
Free Press Journal Marg, Mumbai-400021
9. The Pay & Accounts Officer, No. III (Pensions), Delhi Administration,
R K Puram, New Delhi
10. The Pay & Accounts Officer, No. V (Pensions), Delhi Administration, Tis Hajari, Delhi
11. Military and Air Attache, Indian Embassy Kathmandu, Nepal.
12. The all DPDOs
13. The Post Master Kathua, Jammu and Kashmir Circle, Srinagar
Subject: Extension of period for submission of Life Certificate from October 2020 till December 2020.
*****
Govt. of India, Ministry of Personnel, Public Grievances & Pension, Department of Pension & Pensioners’ Welfare O.M. No. No.18/1/2020-P&PW/(C)-6681 dated 11/09/2020 and OM No. 1/2/0/2018-P&PW(E) dated 18/07/2019 on the above subject are reproduced herewith for immediate implementation of provisions contained in above OM mutatis-mutandis to Defence pensioners/family pensioners by the Pension Disbursing Authorities.
2. Further, Para-4 of above OM No.18/1/2020-P&PW/(C)-6681 dated 11/09/2020 provides Video based Customer Identification Process (V-CIP) based on RBI Notification No. RBI/2019-20/138 dated 09/01/2020 in order to avoid rush at the bank branches.
3. All Pension Disbursing Authorities are requested to take necessary action as per provisions contained in above OMs.
4. This Circular is available on this office website www.pcdapension.nic.in.
मोदी सरकार के तहत कार्मिक एवं प्रशिक्षण विभाग (डीओपीटी) द्वारा लाए गए कुछ प्रमुख सुधारों के बारे में जानकारी देते हुए, केंद्रीय पूर्वोत्तर क्षेत्र विकास राज्य मंत्री (स्वतंत्र प्रभार), प्रधानमंत्री कार्यालय, कार्मिक, लोक शिकायत, पेंशन, परमाणु ऊर्जा एवं अंतरिक्ष राज्यमंत्री डॉ. जितेंद्र सिंह ने आज कहा कि सरकार के पुरुष कर्मचारी भी अब बच्चों की देखभाल से संबंधित अवकाश के हकदार होंगे।
हालांकि, डॉ. जितेंद्र सिंह ने कहा कि बच्चों की देखभाल से संबंधित अवकाश (सीसीएल) का प्रावधान और विशेषाधिकार केवल उन पुरुष कर्मचारियों के लिए उपलब्ध होगा जो “एकल पुरुष अभिभावक” हैं। इस श्रेणी में वैसे पुरुष कर्मचारी शामिल हो सकते हैं जो विधुर या तलाकशुदा या अविवाहित हैं और इस कारण एकल अभिभावक के रूप में उन पर बच्चे की देखभाल की जिम्मेदारी है।
इस कदम को सरकारी कर्मचारियों के जीवन यापन को आसान बनाने की दिशा में एक महत्वपूर्ण और प्रगतिशील सुधार बताते हुए, डॉ. जितेंद्र सिंह ने कहा कि इस संबंध में आदेश कुछ समय पहले जारी कर दिए गए थे, लेकिन किन्ही वजहों से जनता में इसका पर्याप्त प्रचार नहीं हो पाया।
इस प्रावधान में थोड़ी और ढील दिये जाने की जानकारी देते डॉ. जितेंद्र सिंह ने बताया कि बच्चों की देखभाल से संबंधित अवकाश पर जाने वाला कोई कर्मचारी अब सक्षम प्राधिकारी की पूर्व स्वीकृति से मुख्यालय छोड़ सकता है। इसके अलावा, उस कर्मचारी द्वारा छुट्टी यात्रा रियायत (एलटीसी) का लाभ उठाया जा सकता है, भले ही वह बच्चों की देखभाल से संबंधित अवकाश पर हो। इस बारे में और अधिक जानकारी देते हुए, उन्होंने बताया कि बच्चों की देखभाल से संबंधित अवकाश की मंजूरी पहले 365 दिनों के लिए 100% सवेतन अवकाश और अगले 365 दिनों के लिए 80% सवेतन अवकाश के साथ दी जा सकती है।
डॉ. जितेंद्र सिंह ने कहा कि कुछ समय से प्राप्त जानकारी के आधार पर, इस संबंध में उठाया एक अन्य कल्याणकारी कदम यह है कि एक दिव्यांग बच्चे के मामले में, चाइल्ड केयर लीव को बच्चे की 22 वर्ष की आयु तक ही दिए जाने के प्रावधान को हटा दिया गया है और अब किसी भी उम्र के दिव्यांग बच्चे के लिए सरकारी कर्मचारी द्वारा चाइल्ड केयर लीव का लाभ उठाया जा सकता है।
डॉ. जितेंद्र सिंह ने कहा कि प्रधानमंत्री श्री नरेन्द्र मोदी के व्यक्तिगत हस्तक्षेप एवं संलग्नता और शासन सुधारों पर उनके विशेष जोर की वजह से पिछले छह वर्षों में डीओपीटी में कई उल्लेखनीय निर्णय लेना संभव हुआ है। उन्होंने कहा कि इन सभी फैसलों का मूल उद्देश्य हमेशा एक सरकारी कर्मचारी को अपनी अधिकतम क्षमता के साथ योगदान करने में सक्षम बनाना रहा है। वहीं, भ्रष्टाचार या काम में खराब प्रदर्शन के प्रति कोई ढिलाई या उदारता नहीं बरती जायेगी।
While briefing about some of the major reforms brought by Department of Personnel & Training (DoPT) under the Modi government, Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said today that the male employees of the government are also now entitled to Child Care Leave.
However, Dr Jitendra Singh said that the provision and privilege of Child Care Leave (CCL) will be available only for those male employees who happen to be “single male parent”, which may include male employees who are widowers or divorcees or even unmarried and may therefore, be expected to take up the responsibility of child care as a single – handed parent.
Describing it as a path-breaking and progressive reform to bring ease of living for government servants, Dr Jitendra Singh said, the orders regarding this had been issued quite some time back but somehow did not receive enough circulation in the public.
In a further relaxation to this provision, Dr Jitendra Singh informed that an employee on Child Care Leave may now leave the head quarter with the prior approval of Competent Authority. In addition, the Leave Travel Concession (LTC) may be availed by the employee even if he is on Child Care Leave. Elaborating further, he informed that Child Care Leave can be granted at 100% of leave salary for the first 365 days and 80% of leave salary for the next 365 days.
Based on the inputs over a period of time, Dr Jitendra Singh said, another welfare measure introduced in this regard is that in case of a disabled child, the condition of availing Child Care Leave up to the age of 22 years of the child has been removed and now Child Care Leave can be availed by a government servant for a disabled child of any age.
With the personal intervention and indulgence of Prime Minister Sh Narendra Modi and his special emphasis on governance reforms, Dr Jitendra Singh said, it has been possible to make several out-of-box decisions in the DoPT over the last six years. Basic purpose behind all these decisions has always been to enable a government employee to contribute to the maximum of his potential, although at the same time there will be no leniency or tolerance toward corruption or non-performance, he said.
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the Ordinance’) on 31st March, 2020 which, inter alia, extended various time limits. The Ordinance has since been replaced by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act.
The Government issued a Notification on 24thJune, 2020 under the Ordinance which, inter alia, extended the due date for all Income Tax Returns for the FY 2019-20 (AY 2020-21) to 30th November, 2020. Hence, the returns of income which were required to be filed by 31st July, 2020 and 31st October, 2020 are required to be filed by 30th November, 2020. Consequently, the date for furnishing various audit reports including tax audit report under the Income-tax Act, 1961 (the Act) has also been extended to 31st October, 2020.
In order to provide more time to taxpayers for furnishing of Income Tax Returns, it has been decided to further extend the due date for furnishing of Income-Tax Returns as under:
(A) The due date for furnishing of Income Tax Returns for the taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the extension by the said notification) as per the Act is 31st October, 2020] has been extended to 31st January, 2021.
(B) The due date for furnishing of Income Tax Returns for the taxpayers who are required to furnish report in respect of international/specified domestic transactions [for whom the due date (i.e. before the extension by the said notification) as per the Act is 30th November, 2020] has been extended to 31st January, 2021.
(C) The due date for furnishing of Income Tax Returns for the other taxpayers [for whom the due date (i.e. before the extension by the said notification) as per the Act was 31st July, 2020] has been extended to 31st December, 2020.
Consequently, the date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction has also been extended to 31st December, 2020.
Further, in order to provide relief to small and middle class taxpayers, the said notification dated 24th June, 2020 had also extended the due date for payment of self-assessment tax for the taxpayers whose self-assessment tax liability is up to Rs. 1 lakh. Accordingly, the due date for payment of self-assessment tax for the taxpayers who are not required to get their accounts audited was extended from 31st July, 2020 to 30th November, 2020 and for the auditable cases, this due date was extended from 31st October, 2020 to 30th November, 2020.
In order to provide relief for the second time to small and middle class taxpayers in the matter of payment of self-assessment tax, the due date for payment of self-assessment tax date is hereby again being extended. Accordingly, the due date for payment of self-assessment tax for taxpayers whose self-assessment tax liability is up to Rs. 1 lakh has been extended to 31st January, 2021 for the taxpayers mentioned in para 3(A) and para 3(B) and to 31st December, 2020 for the taxpayers mentioned in para 3(C).
The necessary notification in this regard shall be issued in due course.
No.10(1)/2020-D (Estt/NG)
Government of India,
Ministry of Defence,
(Deptt. Of Defence Production)
New Delhi
Dated: the 23rd Oct., 2020
To
The Chairman,
Ordnance Factory Board,
1OA, S. K. Bose Road.
Kolkata-700 001.
The Controller General of Defence Accounts, New Delhi.
The Director General of Quality Assurance, New Delhi.
The Director General of Aeronautical Quality Assurance, New Delhi.
Subject: Payment of Productivity Linked Bonus to Civilian Employees of Defence Production Establishments for the year 2019-20.
Madam / Sir,
I am directed to refer to this Ministry’s letter No.48(4)/98/D(B&C) dated 27th July 2000 on the above subject and to convey the sanction of the President to payment of Productivity Linked Bonus for the year 2019-20 equivalent to 37 days wages to the eligible employees in Defence Production Establishments as mentioned therein with an overall ceiling of wages of Rs.7000/- per month. PLB is to be calculated taking average number of days per month as 30.4 days.
2.The casual labour who has worked for at least 240 days, in each year, for 03 years or more, will be eligible for this PLB payment. The amount will be paid on a notional monthly wages of Rs. 1200/-. In case where the actual emoluments fall below Rs.1200/- per month, the amount will be calculated on actual monthly emoluments. All payments under these orders will be rounded off to the nearest rupee.
3.The above sanction is subject to the following condition:
(a) OFB will submit a monthly status report on the progress achieved to review the formula for calculation of PLB which otherwise would have been reviewed after three years from implementation i.e. from the accounting year 1999-2000.
(b) GMs of each of the respective factories should submit the Certificate regarding standard man-hours for jobs whenever there is a change in production processes or when new labour saving machines are introduced, incorporating the following details :
(i)Standard Man Hours before the installation of CNC Machines.
(ii)Standard Man Hours after the installation of CNC Machines.
(iii)Difference between the above two leading to savings in Standard Man Hours.
In the event of more than one CNC Machine being installed on two different occasions. cach time figures are to be updated for additional subsequent addition of CNC Machine.
(c) The financial implications on this account would be met from your existing sanctioned Budget of FY 2020-21 without any additionality from the Government.
4.It is also advised that formula for working out PLB may be revisited/re-examined for future years. However since PLB for the current year has been computed as per the approved formula, the proposal of OFB for Payment of 37 days PLB for 2019-20 to the 75016 eligible employees of OFB, DGQA, DGQAQA and DAD working in OFB is sanctioned.
5.The expenditure will be debited to Major Head 2079 of the Defence Service Estimates (Ordnance Factories) from the existing budget provisions for the F.Y. 2020-21 and to the respective Heads to which the pay and allowances of employees of allied establishments are debited.
6.This issues with the concurrence of Ministry of Finance vide ID No.7-39/2007-E-III(A). dated 21.10.2020/eFTS 1506055/2020 and MoD (Finance Division) vide N-23 in MoD File No. 10(I)/2020-D(Estt/NG).
(Manisha Bhatnagar)
Deputy Secretary to the Govt. of India
The Consumer Price Index for Industrial Workers 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. It is also used in fixation and revision of minimum wages in scheduled employments besides measuring the inflation in retail prices.
The base year of price index numbers should be revised at frequent intervals generally not exceeding 10 years to reflect the changes that take place in the consumption pattern of consumers. The CPI-IW is compiled as per international best practices & guidelines of ILO.
Shri Gangwar also released the maiden index with base year 2016 for the month of September, 2020. The Index is compiled for 88 centres and All India.
The All India index for the month of September, 2020 stands at the level of 118and linking factor for the conversion of new series index to previous series on base 2001=100 is 2.88.
The next issue of CPI-IW for the month of October, 2020 will be released on Friday 27th November, 2020. The same will also be available on the office website www.labourbureaunew.gov.in.
Minister of State (I/C) for Labour& Employment Shri Santosh Kumar Gangwar, in the presence of ShriApurva Chandra, Secretary L&E and Shri DPS Negi, Senior Labour& Employment Advisor and Director General, Labour Bureau released the new series of Consumer Price Index for Industrial Worker (CPI-IW) with base year 2016, beingcompiled and maintained by Labour Bureau, an attached office of Ministry of Labour& Employment. The new series of CPI(IW) with base 2016=100 will replace theexisting series with base2001=100.
Earlier to this revision, the series were also revised from the year 1944 to 1949;1949 to 1960; 1960 to 1982 and 1982 to 2001 since inception of Labour Bureau.
In this regard, Union Labour Ministersaid that the revision of CPI-IW with new base covering representing latest consumption pattern of the target population will prove to be in the interest of workers in times to come.
Shri Gangwar said this will help in measurements of macroeconomic indicators of the Indian economy. He added the improvements made in it, incorporating international standards and practices, will make it more comparable at international level.
Minister lauded the efforts of Labour Bureau for their steadfastness and exemplary role which have finally culminated in the release of updated series of CPI(IW). While lauding the efforts, Minister mentioned that data on all aspects of labour is crucial to serve as inputs in policy making and this justifies the existence of an organization like Labour Bureau, dedicated to labourand price statistics. With the ever increasing importance of data in the times to come coupled with the fact that India is a labour abundant nation, a dedicated organization for labourand price statistics like the LabourBureau merits strengthening.
Shri Gangwar told media persons that the LabourBureau is making impressive strides on all the fronts. It has a rich legacy of producing quality labour statistics, the roots of which can be traced to its establishment in 1920. From the launch of a much needed logo after 100 years of its existence to moving to a new building and now Labour Bureau has releasednew series of CPI(IW).
Shri Apurva Chandra disclosed that Labour Bureau has initiatedthree big surveys on Employment generated by Professionals and non-formal transport sector, Migrant workers and Domestic workers. Labour Bureau has also been mandated with the task of collection of data on recently proposed four labour codes, he said. The Secretary assured to give all possible support to Labour Bureau in its future endeavours.
The Report on “New Series of Consumer Price Index for Industrial Workers (Base 2016=100)” is an important publication meant to give insights into the concepts, definitions and methodology related to the new series of CPI-IW with 2016 as base year. This will serve as a useful reference book for researchers, academicians, scholars and all other stakeholders of CPI-IW. As per the recommendations of International LabourOrganisation (ILO), Index Review Committee (IRC) and National Statistical Commission (NSC), the base year of price index numbers should be revised at frequent intervals generally not exceeding 10 years to reflect the changes that take place in the consumption pattern of consumers. The CPI-IW is compiled as per international best practices & guidelines of ILO.
Shri Gangwar also released the maiden index with base year 2016 for the month of September, 2020. The Index is compiled for 88 centres and All India. The All India index for the month of September, 2020 stands at the level of 118 and linking factor for the conversion of new series index to previous series on base 2001=100 is 2.88.
The CPI-IW (2016=100) series replaces the CPI-IW (2001=100) series. The new series is more representative in character and reflects the latest consumption pattern of the industrial workers.
Shri Gangwar elaborated some of the important improvements made under the new series of CPI-IW (2016=100) vis-à-vis old series (2001=100)which are as under:
A total of 88 centers have been covered in the 2016 series as against 78 centers in the 2001 series.
The sample size for the conduct of Working Class Family Income and Expenditure Survey, on the basis of which weighting diagrams have been derived, was increased to 48384 families from 41040 in the 2001 series.
The number of selected markets for collection of retail price data has also been increased to 317 markets under the 2016 series as against 289 markets covered in the 2001 series.
The number of items directly retained in the index basket has increased to 463 items as against 392 items in the 2001 series.
The number of States/UTs has increased to 28 under 2016 series as against 25 in the 2001 series.
In the new series, as per the direction of Technical Advisory Committee (TAC) on Statistics of Prices and Cost of Living (SPCL), the Geometric mean based methodology (GM of Price Relatives) is used for compilation of indices as againstArithmetic mean used in 2001 series.
The group level weights under newseries has changed in comparison to earlier series (1982 and 2001). The weight of Food & Beverages has declinedover time whereas the weight of Miscellaneous group(Health; Education & Recreation; Transport & Communication;Personal Care & Effects; Household Goods & Services etc.) has increasedsubstantially under 2016 series vis-à-vis earlier series. The weight of Housing Group has reported an increasing share over period of time.
The Group-wise Index for the month of September, 2020 varies from 113 points of Housing group to 132 points ofPan, Supari, Tobacco & Intoxicantsgroup under new series.
Shri D.P.S.Negi, Director General, Labour Bureau said that the linking factor of new series 2016=100 to old series of CPI-IW (2001=100) is 2.88. There are 65 common centres between both the series and the linking factor of common centers ranges from 2.38 of Doom-Dooma Tinsukia to 3.60 of Nagpur.
Shri Negi said the All-India Consumer price Index Numbers for Industrial Workers (CPI-IW) for the month of September, 2020 is released on New Base: 2016=100. The maiden index on new base for September, 2020 stands at the level of 118 and linking factor for the conversion of new series index to previous series on base 2001=100 is 2.88.
In the new series is broader in scope and larger in perspective. The coverage widened to 88 centres against 78 centres in the previous series. Rise in number of markets from 317 collecting retail consumer prices of 463 items against 289 markets and 392 items in the old series makes it more representative in character and reflects the latest consumption pattern of the target population, i.e., industrial workers.
Unlike predecessors, the new series has same survey base year and price base which in itself is a major improvement. It is also released in the shortest time span of less than 4 years as never before.
The Technical Advisory Committee on Statistics of Prices and Cost of Living (TAC and SPCL) has approved the new series.
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. It is also used in fixation and revision of minimum wages in scheduled employments besides measuring the inflation in retail prices.
The next issue of CPI-IW for the month of October, 2020 will be released on Friday 27th November, 2020. The same will also be available on the office website www.labourbureaunew.gov.in.
