Sunday, July 6, 2014

Dearness Allowance rises to 107% from July 1, 2014 onwards..!

Additional DA from July 2014 : Dearness Allowance rises to 107% from July 1, 2014 onwards..!
The Dearness Allowance for Central Government employees and pensioners may increase to 107% from July 1, 2014 onwards.
Following the increase in the CPI(I-W) BY 2001 = 100 price index, the twice-every-year Dearness Allowance that is issued to the Central Government employees, the second additional Dearness allowance may possible to  increase to 107% from 01.07.2014 onwards.

Last week, the Labour Bureau released the Consumer Price Index for Industrial Workers Base Year 2001=100 for the month of May 2014. The number now stands at 244, following a 2-point increase from the previous month, reflecting a 0.83% hike in prices. Another reason for the increase in number is the 1.65% consolidated rise in price of food groups.  Rice, Coconut Oil, Fish Fresh, Poultry, Milk, Onion, Vegetables & Fruits, Sugar, Cigarette, Electricity Charges, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Petrol putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 7.02 per cent for May, 2014 as compared to 7.08 per cent for the previous month and 10.68 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.66 per cent against 7.76 per cent of the previous month and 13.24 per cent during the corresponding month of the previous year.

The below table is clearly indicated the movement of AICPIN with increasing additional Dearness allowance month wise…
AICPIN for the month of May 2014 begged at 244

Month/
Year
AICPIN (IW)
Base Year
2001=100
Increased/
Decreased
Points in
AICPIN
Total Points
Increased
Total of
12 Months
12 Months
Average
% Increase
over 115.763
Approximate
DA
Total DA %DA% Increase
Month wise
Jan-14237-2 2802233.5117.74101.711011
Feb-142381 2817234.75118.99102.791022
Mar-142391 2832236120.24103.861033
Apr-14242332848237.33121.57105.021055
May-14 244552864238.67122.91106.171066

Source: 90paisa.blogspot.in
[http://90paisa.blogspot.in/2014/07/dearness-allowance-rises-to-107-from.html]

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