If the Government decides to execute the new Consumer Price Index for Industrial Workers (CPI-IW), all Central government employees will stand to gain, because their dearness allowance (DA) depends on how the CPI-IW is calculated. It is reported that the base year for calculation of CPI-IW may undergo change, which will result in a hike in salary of Central government staff.
If the base year is 2016, as is being speculated, it will directly affect DA, and in a very positive way, bringing much cheer to about 48 lakh employees. The new CPI-IW numbers are yet to be revealed.
Although a four per cent increase in DA for Central government employees was announced in March, later in April, owing to the ongoing pandemic, the hike was deferred till June next year. The DA is still being paid at the earlier rate of 17% interest.
Meanwhile, the Delhi West Office of the Employees’ Provident Fund Organisation (EPFO), has been lauded by the Labour Minister Santosh Gangwar for managing to settle 100 per cent withdrawal claims within 24 hours during the COVID-19 pandemic. Also, it has been processing over 90 per cent of all claims within a period of 24 hours all this while, till October 18.
As part of the COVID-19 non-refundable advance facility, the subscribers of the retirement fund were allowed to withdraw three months’ basic wages (basic pay in addition to dearness allowance) or half of the total accumulation in their Employees’ Provident Fund (EPF) account, whichever is less.
All the 138 regional offices of the EPFO together have settled over 44 lakh COVID claims till October 15 and disbursed more than Rs 11,500 crore amidst the pandemic.