Change of the Base year for Consumer Price Index for Industrial workers from 2001 to 2016

Minister of State for Labour and Employment Shri Santosh Kumar Gangwar has released new base year of Consumer Price Index (CPI) for Industrial Workers (CPI-IW) from present 2001 to 2016 after a gap of 15 years.

The new series of CPI (IW) with base 2016-100 will replace the existing series with base 2001-100.

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.

The linking factor or multiplying factor of new series 2016=100 to old series of CPI-IW (2001=100) is 2.88.

Calculation of Expected DA payable from November 2020 for Bankers

CPI-IW for the month of July 2020 (Base year 2001 = 100) :

CPI-IW for the month of August 2020 (Base year 2001 = 100) :

CPI-IW for the month of September 2020 (Base year 2016 = 100) :

Calcualtion for September on the basis of 2016 =100 base year

Conversion factor is 2.88

CPI IW announced is 118

Hence 118 * 2.88 = 339.84

On the basis of 10th Bipartite Settlement : 0.10% per slab over 4440 points

Average CPI =

4 Points = 1 Slab
0.10% PER SLAB DA AS PER 10TH BIPARTITE SETTLEMENT
DA FOR NOV 2020 TO JAN 2021

Calculation on net increse in Salary

For Substaff

select basic 9560 9885 10210 10535 10860 11270 11680 12090 12500 12910 13400 13890 14380 14870 15440 16010 16580 17235 17890 18545 19200 19855 20510 21165 21820 22475 23130 23785

For Clerical

select basic 11765 12420 13075 13730 14545 15360 16175 17155 18135 19115 20095 21240 22385 23530 24675 25820 26965 28110 30230 31540 32850 34160 35470 36780 38090 39400 40710 42020

For Officers Upto scale III

select basic 23700 24680 25660 26640 27620 28600 29580 30560 31705 32850 34160 35470 36780 38090 39400 40710 42020 43330 44640 45950 47260 48570 50030 51490

Head	Earlier 81.80%	Present 81.90%
DA
Special Pay
Da on Special pay
Total

Net Increase: