Monday, July 1, 2013

Expected DA : 90% DA from July, 2013 may be announced in view of AICPIN, May 2013

Expected DA : 90% DA from July, 2013 may be announced in view of  AICPIN, May 2013

Expected Dearness Allowance and Dearness Relief from July 2013 : Central Government employees and Pensioners will get one more installment of additional DA and DR from July 2013 will be 10%, as per the release of AICPIN for the month of May 2013. Though the requirement of one more month of AICPIN for June to finalise the enhancement of Dearness allowance, there is possible to get 90% Dearness allowance and Dearness Relief from July 2013. The calculation table describes the steps as under...

Month / YearB.Y. 2001=100Total of 
 12 Months
12 Months 
 Average
% Increase 
 over 115.763
App. DA DA %
Dec-122192512209.3393.5780.8380
Jan-132212535211.2595.4982.4982
Feb-132232559213.2597.4984.2284
Mar-132242582215.1799.4185.8785
Apr-132262603216.92101.1687.3887
May-132282625218.75102.9988.9788
Jun-13Expected90
Labour Bureau released the statistics number of Consumer Price Index for Industrial Workers (CPI-IW) for the month of May 2013 on its official portal , which is important factor to calculate additional DA and DR to CG employees and CG Pensioners and the same is reproduced here for your information...

Consumer Price Index for Industrial Workers (CPI-IW)-May, 2013

The All-India CPI-IW for May, 2013 rose by 2 points and pegged at 228 (two hundred and twenty eight). On 1-month percentage change, it increased by 0.88 per cent between April and May compared with 0.49 per cent between the same two months a year ago.

The largest upward contribution to the change in current index came from Food group which increased by 1.22 per cent, contributing 1.64 percentage points to the total change. At item level, Rice, Arhar Dal, Fish Fresh, Poultry (Chicken), Milk, Chillies Green, Garlic, Ginger, Tomato, Root & Green Vegetables, Tea Leaf, Tea (Readymade), Cigarette, Country Liquor, Electricity Charges, Medicine (Allopathic), Repair Charges, etc. are responsible for the rise in index. However, this was compensated by Petrol putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 10.68 per cent for May, 2013 as compared to 10.24 per cent for the previous month and 10.16 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 13.24 per cent against 12.39 per cent of the previous month and 10.61 per cent during the corresponding month of the previous year.

At centre level, Chennai and Nagpur recorded the largest increase of 8 points each followed by Nasik (7 points) and Warrangal, Coonoor, Hubli Dharwar, Madurai and Tripura (6 points each). Among others, 5 points rise was registered in 2 centres, 4 points in 14 centres, 3 points in 6 centres, 2 points in 12 centres, and 1 point in 12 centres. On the contrary, a decline of 6 points was reported in Delhi, 5 points in Ghaziabad, 4 points in Srinagar, 3 points in 2 centres, 2 points in 2 centres and 1 point in 7 centres. Rest of the 10 centres’ indices remained stationary.

The indices of 38 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Jabalpur and Haldia centres remained at par with all-India index.

The next index of CPI-IW for the month of June, 2013 will be released on Wednesday, 31 July, 2013. The same will also be available on the office website www.labourbureau.gov.in.

4 comments:

It is not a good practice to hike prices of all goods at market before announcing DA to the employees. It should be stopped immediately and if required it may be hiked after announcement of DA. At this stage personnel living under the BPL category facing lot of difficulties to manage their daily needs materials.

It is not a good practice to hike prices of all goods at market before announcing DA to the employees. It should be stopped immediately and if required it may be hiked after announcement of DA. At this stage personnel living under the BPL category facing lot of difficulties to manage their daily needs materials.
If it is done the BPL category personnel get their gift from the God.

The prices in the market are not hiked as per DA. The DA is increased due to compensate the price hike. It is for the price hike already happened in the market. D.A will be declared as per the AIcPIN (All India consumer Price Index Numbers). AICPIN is calculated as per the price hike of essential commodities. And DA is calculated and declare as per the changes of AICPIN. Ultimately DA is increased due to Price Hike.

DA system is like a dog trying to catch its own tail. One cannot understand whether DA is given for price hike or prices are hiked due to DA. This is called 'Vicious Circle"

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