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Friday, August 30, 2013

4 point rise in July, 2013 ACPIN: DA for Jan, 2014 may reach 100%

100+percent+dearness+allowance
100% DA/DR from Jan, 2014
All-India CPI-IW for July, 2013 rose by 4 points and pegged at 235 (two hundred and thirty five). According to this increase Dearness Allowance for Central Government Employees & Dearness Relief for CG Pensioner confirmed to be 98% from January, 2014.  This increase and present economic scenario are also indicating that the DA/DR for Jan, 2014 may reach 100%.  This time the DA/DR from July, 2013 is yet to be announced by govt and as per previous trend  it will be announced in third week of September, 2013. See following table for thee different situation to Expected DA/DR for Jan, 2014 :-

Expectation Increase/ Decrease Index Month Base Year 2001 = 100 Total of 12 Months Twelve monthly Average % increase over 115.76 for   DA DA announced or will be announced
1 Dec-12 219 2512 209.33 80.83% 80%

DA/DR from July, 2013 @ 90% is yet to be announced. 
2 Jan-13 221 2535 211.25 82.49% 90%
2 Feb-13 223 2559 213.25 84.22%
1 Mar-13 224 2582 215.17 85.87%
2 Apr-13 226 2603 216.92 87.38%
2 May-13 228 2625 218.75 88.97%
3 Jun-13 231 2648 220.67 90.62%
4 Jul-13 235 2671 222.58 92.28%
100%
1st Expection Min 2 point in two next month 2 Aug-13 237 2694 224.50 93.94%
2 Sep-13 239 2718 226.50 95.66%
0 Oct-13 239 2740 228.33 97.25%
0 Nov-13 239 2761 230.08 98.76%
0 Dec-13 239 2781 231.75 100.20%
Expected DA/DR from January, 2014
2nd Expectation minimum 1 point in every month and 2 point in any one month 1 Aug-13 236 2693 224.42 93.86% 100%
2 Sep-13 238 2716 226.33 95.52%
1 Oct-13 239 2738 228.17 97.10%
1 Nov-13 240 2760 230.00 98.69%
1 Dec-13 241 2782 231.83 100.27%
Expected DA/DR from January, 2014
3rd Expectation: Point 1 in every month 1 Aug-13 236 2693 224.42 93.86% 99%
1 Sep-13 237 2715 226.25 95.45%
1 Oct-13 238 2736 228.00 96.96%
1 Nov-13 239 2757 229.75 98.47%
1 Dec-13 240 2778 231.50 99.98%
Expected DA/DR from January, 2014

must read what will happen if DA reached 100%.


DOWNLOAD: EXCEL FILE FOR EXPECTED DEARNESS CALCULATION TO CALCULATE YOURSELF [click on File-Menu & download]

PIB Release of CPI-IW:


Press Information Bureau 
Government of India
Ministry of Labour & Employment 
30-August-2013 17:38 IST
Consumer Price Index Numbers for Industrial Workers (CPI-IW) July 2013 

According to a press release issued today by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for July, 2013 rose by 4 points and pegged at 235 (two hundred and thirty five). On 1-month percentage change, it increased by 1.73 per cent between June and July compared with 1.92 per cent between the same two months a year ago. 

The largest upward pressure to the change in current index came from Food group contributing 1.99 percentage points to the total change. At item level, Rice, Fish Fresh, Goat Meat, Milk, Onions, Chillies Green, Potato, Tomato & other Vegetables. Electricity Charges, Firewood, Bus Fare, Petrol, etc. are responsible for the rise in index. However, this was compensated to some extent by Groundnut Oil, Primary and secondary School Fees putting downward pressure on the index. 

The year-on-year inflation measured by monthly CPI-IW stood at 10.85 per cent for July, 2013 as compared to 11.63 per cent for the previous month and 9.84 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 14.10 per cent against 14.86 per cent of the previous month and 11.27 per cent during the corresponding month of the previous year. 

At centre level, Giridih recorded the highest increase of 16 points each followed by Kodarma (11 points), Durgapur (10 points) and Jharia, Surat, Ghaziabad and Godavarikhani (9 points each). Among others, 8 points rise was registered in 7 centres, 7 points in 6 centres, 6 points in 10 centres, 5 points in 6 centres, 4 points in 7 centres, 3 points in 8 centres, 2 points in 6 centres, and 1 point in five centres. On the contrary, Faridabad reported a decline of 6 points followed by Madurai (5 points), Coonoor (3 points), Tiruchirapally (2 points) and 5 other centres by 1 point each. Rest of the 7 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 Ghaziabad centre remained at par with all-India index. 

The next index of CPI-IW for the month of August, 2013 will be released on Monday, 30 September, 2013. The same will also be available on the office website www.labourbureau.gov.in. 

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