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AICPIN for the month of September 2020 with base year (2016 -100) – 118 points

October 22, 2020 by rajasinghmurugesan 6 Comments

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.

Filed Under: AICPIN - All India Consumer Price Index, HOT CGNEWS, HOT NEWS

Strike notice on 27.10.2020 and demands by confederation

October 22, 2020 by GEDWEBZIP Leave a Comment

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.

Filed Under: CGE Latest News, HOT NEWS

Central autonomous body employee’s Bonus issues

October 22, 2020 by GEDWEBZIP 2 Comments

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.

Filed Under: Bonus, CGE Latest News, HOT CGNEWS, HOT NEWS

Cabinet approves PLB & non-PLB for 2019-2020

October 21, 2020 by rajasinghmurugesan Leave a Comment

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.

Filed Under: Bonus, CGE Latest News, HOT CGNEWS, HOT NEWS, PIB NEWS

Letter to Finance Minister regarding grant of eligible Bonus to Central Autonomous body Employees

October 20, 2020 by GEDWEBZIP Leave a Comment

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.

Filed Under: CGE Latest News, HOT NEWS

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