 "industrial workers")
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 base year, on October 21, a top labour ministry official said. The new index will be released for September 2020.
The CPI-IW hasn’t been revised since 2001 — an exercise that should usually take place every five years.
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 new index will be released for September 2020.
The CPI-IW hasn’t been revised since 2001 — an exercise that should usually take place every five years.
