Saturday, February 1, 2014

Dearness Allowance/Relief from January, 2014 will be 100%: December, 2013 AICPIN issued

Dearness Allowance/Relief from January, 2014 will be 100%: December, 2013 AICPIN issued

As already mentioned and calculated in our previous post that Dearness Allowance from January-2014 will be 100% now continued in view of All India Consumer Price Index Number [http://labourbureau.nic.in/indtab.html] for Industrial Workers (CPI-IW) on base 2001=100 for the month of December, 2013 declined by 4 points and pegged at 239 (two hundred and thirty nine).  Now it is absolutely confirmed that Dearness Allowance for Central Govt Employee & Dearness Relief for Central Govt Pensioner from Jan-2014 will be 100%. Decline in AICPIN of Dec, 2013 vanished the expectation of crossing the DA from 100%.  The final chart for calculation for DA/DR is given below:-

Dearness Allowance/Relief from January, 2014
ExpectationIncrease/
Decrease
Index
MonthBase
Year
2001 =
100
Total
of 12
Months
Twelve
monthly
Average
%
increase
over
115.76
for   DA
DA
announced
or will be
announced
 1Dec,122192512209.3380.83%80%
DA from
July, 2013
order has
been issued
by finmin
2Jan,132212535211.2582.49%90%
2Feb,132232559213.2584.22%
1Mar,132242582215.1785.87%
2Apr,132262603216.9287.38%
2May,132282625218.7588.97%
3Jun,132312648220.6790.62%
Jul AICPIN4Jul,132352671222.5892.28% 
Aug AICPIN2Aug,132372694224.5093.94% 
Sep AICPIN1Sep,132382717226.4295.59% 
Oct AICPIN3Oct,132412741228.4297.32% 
Nov AICPIN2Nov,132432766230.5099.12% 
Dec AICPIN-4Dec,132392786232.17100.56%100%

PIB Release of CPI-IW:
Press Information Bureau
Government of India
Ministry of Labour & Employment
31-January, 2014

Consumer Price Index Numbers for Industrial Workers (CPI-IW) December 2013
According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for December, 2013 declined by 4 points and pegged at 239(two hundred and thirty nine). On 1-month percentage change, it decreased by 1.65 per cent between November and December compared with the rise of 0.46 per cent between the same two months a year ago.

The largest downward pressure to the change in current index came from Food group contributing -4.96 percentage points to the total change. At item level, Onion, Ginger, Chillies Green, Brinjal, Cauliflower, Cabbage, Peas, Tomato, Potato and other Vegetable items, Sugar etc. are responsible for the decrease in index. However, this was compensated to some extent by Fish Fresh, Eggs, Hen, Poultry, Milk, Pure Ghee, Garlic, Firewood, ESI Contribution, etc. putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 9.13 per cent for December, 2013, as compared to 11.47 per cent for the previous month and 11.17 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 11.49 per cent against 16.17 per cent of the previous month and 13.53 per cent during the corresponding month of the previous year.

At centre level, Giridih recorded the highest decline of 12 points each followed by Ahmedabad, Chhindwara, Varanasi, Munger, Jamalpur, Nagpur and Bhavnagar (10 points each).Jamshedpur (09 points), Rourkela, Ludhiana, Tripura and Angul Talcher (08 points each) Among others, 7 points decrease was registered in 9 centres, 6 points in 8 centres, 5 points in 11 centres, 4 points in 8 centres, 3 points in 7 centres, 2 points in 9 centres and 1 point in 7 centres. On the contrary, Sholapur centre reported an increase of 4 points followed by Puducherry (2 points), Coimbatore and Srinagar centres 1 point each. Rest of the 3 centres’ indices remained stationary.

The indices of 37 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Varanasi and Vijaywada centre remained at par with all-India index.

The next index of CPI-IW for the month of January, 2014 will be released on Friday, 28 February, 2014. The same will also be available on the official website www.labourbureau.gov.in.
via: karnmk.blogspot.in

Pending amount under NPS with Delhi Cantonment Board

NPS (National Pension System) News - Pending amount under NPS with Delhi Cantonment Board

 94 employees joined service in Delhi Cantonment Board on or after 01.01.2004 and are covered under New Pension Scheme (NPS). However, NPS was implemented in respect of Cantonment Board employees from 01.04.2011 after obtaining approval of the Central Government. All employees have been covered under Tier-I scheme. Tier-II scheme is optional and no employee of the Board has opted for Tier-II.

The Cantonment Board has deposited the due amount of 85 employees (both employee’s and employer’s share). In the case of 9 employees who have not subscribed part of their share for the period from the date of their joining to 31.03.2011 amount to the extent subscribed along with the contribution of the employer has been deposited with the NSDL.

No loss will accrue to any employee as full amount received from them along with the contribution of employer has been deposited with NSDL.

The above information was stated in written reply to a question by the Minister of Defence Shri A.K.Antony in Rajya Sabha on 18th December 2013.

Source: www.7thpaycommissionnews.in
[http://7thpaycommissionnews.in/nps-news-pending-amount-under-nps-with-delhi-cantonment-board/]

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