The base year of price index numbers will be revised at frequent intervals, generally not exceeding 10 years to reflect the changes that take place in the consumption pattern of consumers. 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 new index will assign more weight to spend on services such as education, healthcare, housing, travel and transportation, as spending on these items have gone up, as compared to primary items such as food.
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Strike notice on 27.10.2020 and demands by confederation
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.
Central autonomous body employee’s Bonus issues
Central autonomous body employees request the Hon’ble Finance Minister’s personal intervention in this case , so that instructions will be issued to all Ministries to restore Bonus to Autonomous body Employees with immediate effect. Action may also be taken to grant arrears of eligible Bonus from 2015 -16 onwards. so the government should fix a date to resolve the long-standing issue of the employees.
Cabinet approves PLB & non-PLB for 2019-2020
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval to pay Productivity Linked Bonus (PLB)for the year 2019-2020 to 16.97 lakh non-gazetted employees of commercial establishments like Railways, Posts, Defence, EPFO, ESIC,etc.will be benefitted and the financial implication would be Rs.2,791 crore.
Letter to Finance Minister regarding grant of eligible Bonus to Central Autonomous body Employees
Request the Hon’ble Finance Minister’s personal intervention in this case, so that instructions will be issued to all Ministries to restore Bonus to Autonomous body Employees with immediate effect. Action may also be taken to grant arrears of eligible Bonus from 2015 -16 onwards.