Govt contemplates New Consumer Price Index on the basis of Survey
Govt contemplates New Consumer Price Index on the basis of Working Class Family Income and Exemption Survey-2015
The All India Consumer Price Index with base year 2001=100, which is presently mainained by Labour Bureau is due for revision as reported by sources from Govt.
In order to adopt a realistic Consumer price index, Government has initiated a survey project which is known as “The Working Class Family Income and Exemption Survey-2015”
The Working Class Family Income and Exemption Survey-2015 will cover workers engaged in seven organised sectors of employment-registered factories, mines, plantations, ports & docks, public motor transport undertakings, electricity generating and distributing establishments, and railways as reported by the Deccan Herald an Englihs Daily recently.
The survey, which will be conducted by the National Sample Survey Organisation, a Government of India body, will be used to finalise consumer price index (CPI) numbers for the working class. The CPI is the base for deciding dearness allowances (DA) of the working class.
The survey will be conducted in 88 centres spreading across 28 states and union territories including Delhi, Karnataka, Andhra Pradesh and Uttar Pradesh. The survey will be conducted in eight places in Karnataka — Bengaluru, Belagavi, Chikkamagaluru, Davangere-Harihar, Hubballi-Dharwad, Kodagu, Mysuru and Mangaluru.
With the last such survey conducted around 15 years back in 1999-2000, the fresh survey required following a lot of changes in spending patters and lifestyles of workers in the past one-and-half decade, said the official.
The results of the survey will be utilisd for the purpose of revising the consumer price index numbers compiled by the Labour Bureau, said the official, adding that it will also show the light of living conditions of the working class. The surveyor will ask questions to a working class family about its living conditions, including spending on food, clothes, entertainment, health and education.
Source: Deccan Herald