• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • DOPT ORDERS 2020
  • FinMin Orders 2020
  • Railway Orders 2020
  • Contact Us

7th Pay Commission Latest news

Central Government Employees News

  • DOPPW Orders
  • 7th Pay Commission
  • Dearness Allowance
  • Dearness Relief
  • CSD Price List
  • Defence
    • Defence Pension
You are here: Home / Railway Employees Order / Change of Base Year of Consumer Price Index of Industrial Workers – Railway Order

Trending
FINMIN Order : Dearness Allowance to Central Government employees from Jan 2022 “hot”
AICPIN for the month of March 2022 “hot”
GPF Interest Rate from April 2022 to June 2022 “hot”
Small Savings Schemes Interest Rate from April 2022 to June 2022 “hot”

Change of Base Year of Consumer Price Index of Industrial Workers – Railway Order

September 14, 2021 pcadmin Leave a Comment

Change of Base Year of Consumer Price Index of Industrial Workers

Government of India
Ministry of Railways
(Railway Board)

No. 2021/CE-I/EDCE(G)/Misc./3/LabourIndex

New Delhi, Dated 06.09.2021

To,
As per list attached

Sub: Change of Base Year of Consumer Price Index of Industrial Workers (Labour Index)

1. RBI has published Consumer Price Index for Industrial Workers, CPI(IW), with the base year 2001 up to, August 2020. After August 2020, CPI(IW) has been published by RBI with the base year 2016. The base year of Consumer Price Index for Industrial Workers i.e. CPI(IW) has been changed from year 2001 to year 2016 with effect from September 2020. Further, RBI has provided a linking factor of 2.88 between the old series and the revised series.

2. The Clause 46A of GCC deals with the price variation clause in contracts. Formulae used for the calculation of the amount of variation in the price for labour components require consumer price index for industrial worker-All India; published in RBI Bulletin.

3. The issue has been examined. It has been decided by Board (MI, MF) to adopt above linking factor of 2.88 for linking index of Base year 2001 and 2016. Example for applying linking factor is as under:

The amount of variation in prices in labour is worked out by the following formulae

Linking Factor

L­ – Amount of price variation in Labour


W- Gross value of work done by Contractor as per on-account bill(s) excluding cost of material supplied by railway at fixed price, minus the price value of cement and steel. This will also exclude specific payment, if any, to be made to the consultants engaged by Contractors (such payment shall be indicated in the Contractor’s offer)

LB– Cosumer Price Index for Industrial Workers- All India: Published in RBI bulletin for the base period

LQ-Consumer Price Index for Industrial Workers-·All India: Published in RBI bulletin for the average price index of the 3 months of the quarter under consideration

LC– % of labour Component

Item

Base Year

Linking Factor

Consumer Price Index for Industrial Workers

Jul-20

Aug-20

Sep-20

Consumer Price Index for Industrial Workers- CPl(IW)

2001

–

336

338

–

2016

2.88

–

–

118

Sept 2020 CPl(IW} of Base Year 2001= Sept 2020 CPl(IW) of Base Year 2016 x Linking Factor i.e 118-x 2.88 = 339.84

LQ = (336+338+339.84)/3 i.e 337.95

4. This issues with ‘the concurrence of Finance Directorate of Ministry of Railways.

(प्रेम सागर गुप्‍ता)
कार्यपालक निदेशक स‍िविल इंजीनियरिंग(जी)/रेलवे बोर्ड

Signed Copy

Filed Under: AICPIN, Railway Employees Order

Also Read

AICPIN for the month of May 2022

AICPIN for the month of May 2022

June 30, 2022 By pcadmin Leave a Comment

AICPIN for the month of May 2022 The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the … [Read More...] about AICPIN for the month of May 2022

Small Savings Schemes Interest rates from July 2022 to September 2022

Small Savings Schemes Interest rates from July 2022 to September 2022

June 30, 2022 By pcadmin Leave a Comment

Small Savings Schemes Interest rates from July 2022 to September 2022 F.No.1/4/2019-NS Government of IndiaMinistry of FinanceDepartment of Economic Affairs (Budget Division) North Block, New DelhiDated: 30.06.2022 OFFICE MEMORANDUM Subject: Revision of interest rates for Small Savings … [Read More...] about Small Savings Schemes Interest rates from July 2022 to September 2022

Revision of weightage with reference to age for all Voluntary Retired Persons

Revision of weightage with reference to age for all Voluntary Retired Persons – TN G.O

June 29, 2022 By pcadmin Leave a Comment

Revision of weightage with reference to age for all Voluntary Retired Persons - TN G.O ABSTRACT Fundamental Rules - Rule 56(3)(d) - Revision of weightage with reference to age for all the Government servants other than the Government servants in the Tamil Nadu Basic Service — Amendment - … [Read More...] about Revision of weightage with reference to age for all Voluntary Retired Persons – TN G.O

Pensioners Awareness Program by DOPPW conducted at Puducherry

Pensioners Awareness Program by DOPPW conducted at Puducherry

June 29, 2022 By pcadmin Leave a Comment

Pensioners Awareness Program by Department of Pension & Pensioners’ Welfare conducted at Puducherry Department of Pension and Pensioners’ Welfare (DoP&PW) today conducted Pensioners’ Awareness Program at Puducherry. This is the first physical program post pandemic covering the Southern … [Read More...] about Pensioners Awareness Program by DOPPW conducted at Puducherry

Delay in commencement of family pension and Ease of living for Pensioners/family pensioners

Delay in commencement of family pension and Ease of living for Pensioners/family pensioners: DOPPW

June 28, 2022 By pcadmin Leave a Comment

Delay in commencement of family pension and Ease of living for Pensioners/family pensioners: DOPPW 1(52)/2022-पी एंड पी डब्‍लू(ई)कार्मिक, लोक श‍िकायत तथा पेंशन मंत्रालयपेंशन और पेंशनभोगी कल्‍याण विभाग(डेस्‍क-ई) तीसरा तल, लोक नायक भवनखान मार्केट, नई दिल्‍ली-110003दिनांक 14 जून, 2022 सेवा … [Read More...] about Delay in commencement of family pension and Ease of living for Pensioners/family pensioners: DOPPW

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

All About Pension

All about Pension

Latest DOPT Orders

Central Government Offices Holiday List 2023: DOPT ORDER

Inclusion of sports disciplines for recruitment of meritorious sports persons to any post in Group ‘C’ – DOPT

Paid Holiday: Bye election to three (3) Parliamentary Constituencies and seven (7) Assembly Constituencies of various States on 23.06.2022

Career progression for MTS staff in Central Secretariat Ministries/Departments

Status of Cadre Review proposals as on 02nd June, 2022

Latest Finmin Orders

Travelling Allowance on transfer to/from North-Eastern Region, Union Territories of Andaman & Nicobar, Lakshadweep Islands and Ladakh

CGEGIS 1980 – Table of Benefits from April to June 2022

FINMIN Order : Dearness Allowance to Central Government employees  from Jan 2022

Modification of instructions regarding Air Travel on Government account. – FINMIN

CGEGIS Table of Benefits from Jan 2022 to March 2022

Latest Railway Orders

Grant of Leave to Probationary officers: Railway Board

Productivity Linked Bonus to all eligible non-gazetted Railway employees for 2020-2021

Cabinet approves Productivity Linked Bonus to Railway Employees for the year 2020-21

Change of Base Year of Consumer Price Index of Industrial Workers – Railway Order

Advance payment of salary on account of Onam festival.

Categories

Copyright © 2022