Wednesday, July 31, 2013

AICPIN for June 2013, confirmed 90% DA from July 2013 and also indicates 7% minimum increase in Jan-2014

AICPIN for June 2013, confirmed 90% DA from July 2013 and also indicates 7% minimum increase in Jan-2014

All-India CPI-IW for June, 2013 rose by 3 points and pegged at 231 (two hundred and thirty eight) and expected Dearness Allowance due from July, 2013 is unchanged in respect of previous month expectation of 90% means 10% increase in present DA.  See following table:-

Increase/ Decrease IndexMonthBase Year 2001 = 100Total of 12 MonthsTwelve monthly Average% increase over 115.76 for   DADA announced or will be announced
1Nov-122182490207.5079.25%80%
1Dec-122192512209.3380.83%
2Jan-132212535211.2582.49%82%
2Feb-132232559213.2584.22%84%
1Mar-132242582215.1785.87%85%
2Apr-132262603216.9287.38%87%
2May-132282625218.7588.97%88%
3Jun-132282645220.4290.41%90%
Jul-13Expected DA from July-201390%

Therefore DA from July, 2013 will be 90% and will be announced in September or October in this year.

This 3 point increase in June, 13 AICPIN has also confirmed minimum 7% increase in Dearness Allowance in Jan-2014.  Next two months' AICPIN will give exact figure of expected DA.   This time calculation says that if no any increase occurred in next 6 months in AICPIN the 7% increase in expected DA of Jan-2014 is confirm.  See second table below:-

Increase/ Decrease IndexMonthBase Year 2001 = 100Total of 12 MonthsTwelve monthly Average% increase over 115.76 for   DADA announced or will be announced
2May-132282625218.7588.97%88%
3Jun-132312648220.6790.62%90%
0Jul-132312667222.2591.99%91%
0Aug-132312684223.6793.22%93%
0Sep-132312700225.0094.37%94%
0Oct-132312714226.1795.38%95%
0Nov-132312727227.2596.31%96%
0Dec-132312739228.2597.18%97%
Jan-14
Expected DA from Jan-2014
97%

Now the above table and growth trends in AICPIN and inflation also indicates 100% DA from Jan-2014 and 25% increase in allowance.

DOWNLOAD: EXCEL FILE FOR EXPECTED DEARNESS CALCULATION TO CALCULATE YOURSELF

Source: PIB via http://karnmk.blogspot.in/

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