Skip to main content
Indian Kanoon - Search engine for Indian Law
Document Fragment View
Matching Fragments
Labour Bureau, Government of India: http: // labourbureau.nic.in/
indtab.html]. With the base year 1982 (=100), the average CPI(IW) for the
year 1989 was 171 and for 2001, it was 458. (We are taking the year 2001
because the index with base year 1982 does not extend to the year 2010. A
new base year 2001 (=100) has been provided which index extends upto and
beyond 2010. Since the index with base year 1982 includes the year 2001,
the latter year has been selected as a common year to both the indices).
Hence, the inflation - correlated value of Rs 50,000/- in 1989 would work
out to Rs 1,33,918.13 [(50000 x 458) ÷ 171] in 2001. Now, taking the new
base year 2001 (=100) the average CPI(IW) for 2010 as per the index is
175.9. Therefore, value of the conventional sum in 2010 would be Rs
2,35,561.99 [(133918.13 x 175.9) ÷ 100] (or Rs 2,35,562/-). This would be
the compensation by way of the conventional sum payable as on 06.10.2010.