New inflation index to impact DA, 30 mn govt staff to get more pay
The Union government is set to change the base year for the consumer price index–industrial workers (CPI-IW), paving the way for a possible increase in minimum wage of private sector workers and dearness allowance of government employees. Union Labour and Employment Minister Santosh Kumar Gangwar is scheduled to release the new CPI-IW index, keeping 2016 as the base year, on October 21, a top labour ministry official said. The CPI-IW hasn’t been revised since 2001 — an exercise which should usually take place every five years.