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Wednesday, January 1, 2014

Dearness Allowance from January-2014 may touch 101% in view of November, 2013 AICPIN

100+percent+dearness+allowance
100% DA/DR from Jan, 2014
As already mentioned and calculated in our previous post that Dearness Allowance from January-2014 may touch 101% 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 November, 2013 rose by 2 points and pegged at 243 (two hundred and forty three).  Now it is absolutely confirmed that expectation DA from Jan-2014 will not reduce from 100%.  As per increase and present economic scenario if AICPIN of Dec, 2014 will rose by by 3 or 4 points, Dearness Allowance from Jan, 2014 will computed at 101%.

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 from
July, 2013
order has
been issued
by finmin
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%
Jul AICPIN 4 Jul,13 235 2671 222.58 92.28%
Aug AICPIN 2 Aug,13 237 2694 224.50 93.94%
Sep AICPIN 1 Sep,13 238 2717 226.42 95.59%
Oct AICPIN 3 Oct,13 241 2741 228.42 97.32%
Nov AICPIN 2 Nov,13 243 2766 230.50 99.12%
1st
Expection
0 Dec,13 243 2790 232.50 100.85% 100%
Expected DA/DR from January, 2014
2nd
Expectation
1 Dec,13 244 2791 232.58 100.92% 100%
Expected DA/DR from January, 2014
3rd
Expectation
2 Dec,13 245 2792 232.67 100.99% 100%
Expected DA/DR from January, 2014
4th
Expectation
3 Dec,13 246 2793 232.75 101.06%
101%
Expected DA/DR from January, 2014

must read what will happen if DA reached 100%.


, you may also download/save the excel sheet for self calculation.  The link for excel sheet is given below:

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
31-December-2013
Consumer Price Index Numbers for Industrial Workers (CPI-IW) November 2013
According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for November, 2013 rose by 2 points and pegged at 243(two hundred and forty three). On 1-month percentage change, it increased by 0.83 per cent between October and November compared with 0.46 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 2.23 percentage points to the total change. At item level, Rice, Wheat, Wheat Atta Milk, Pure Ghee, Garlic, Potato, Tomato and other vegetable items, Tea Readymade etc. are responsible for the rise in index. However, this was compensated to some extent by Groundnut Oil, Fish Fresh, Poultry, Onion, Ginger, Electric Charges, Medicine (Allopathic), Petrol, putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 11.47 per cent for November, 2013, as compared to 11.06 per cent for the previous month and 9.55 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 16.17 per cent against 15.02 per cent of the previous month and 10.85 per cent during the corresponding month of the previous year.

At centre level, Bokaro recorded the highest increase of 11 points each followed by Giridih, Kodarma and Angul-Talcher (9 points each), Munger-Jamalpur (8 points) and Rourkela, Sholapurand Raniganj (7 points each). Among others, 6 points rise was registered in 5 centres, 5 points in 5 centres, 4 points in 8 centres, 3 points in 15 centres, 2 points in 14 centres and 1 point in 12 centres. On the contrary, Surat centre reported a decline of 6 points followed by Amritsar, Bhavnagar and Vadodara (4 points each), Coonoor and Nagpur (2 points each) and Ahmedabad centre I point. Rest of the 4 centres’ indices remained stationary.

The indices of 40 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Tiruchirapally centre remained at par with all-India index.

The next index of CPI-IW for the month of December, 2013 will be released on Thursday, 31 January, 2014. The same will also be available on the office website www.labourbureau.gov.in.

*****

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