7% DA from January 2018

7% DA from January 2018

All India Consumer Price Index Numbers for Industrial Workers - CPI(IW) for November 2017 Increased by one point from 287 points to 288 points.

The DA as on November 2017 is 7.21 %. The Consumer Price Index Numbers for December is expected on Wednesday 31st January 2018, even if the CPI reduces or increase by 5 points , the DA for the January 2018 will remain at 7% . That means increase of 2% DA is assured.

Press Release of AICPIN for May 2014 – 2 Points increased and stood at 244

Press Release of AICPIN for May 2014 – 2 Points increased and stood at 244

Consumer Price Index for Industrial Workers (CPI-IW) – May, 2014

No. 5/1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

`CLEREMONT’, SHIMLA-171004
DATED: the 30th June, 2014

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – May, 2014

The All-India CPI-IW for May, 2014 increased by 2 points and pegged at 244 (two hundred and forty four). On 1-month percentage change, it increased by 0.83 per cent between April, 2014 and May, 2014 when compared with the rise of 0.88 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 1.65 percentage points to the total change. At item level, 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.

At centre level, Coimbatore recorded the maximum increase of 9 points followed by Bhavnagar (7 points) and Amritsar, Mercara and Tiruchirapally (6 points each). Among others, 5 points rise was registered in 7 centres, 4 points in 11 centres, 3 points in 13 centres, 2 points in 11 centres and 1 point in 10 centres. On the contrary, a decline of 5 points was reported in Giridih, 4 points in Chhindwara, 3 points in 2 centres, 2 points in 1 centre and I point in 7 centres. Indices of remaining 9 centres observed no change.

The indices of 35 centres are above and other 41 centres are below national average. The index of Vishakhapathnam and Chandigarh is at par with all-India index.

The next index of CPI-1W for the month of June, 2014 will be released on Thursday, 31 July, 2014. The same will also be available on the office website www.labourbureau.gov. in.

sd/-
(S.S.NEGI)
DIRECTOR

Source: www.labourbureau.nic.in

EXPECTED DEARNESS ALLOWANCE FROM JULY 2014

 EXPECTED DEARNESS ALLOWANCE FROM JULY 201

This is the first thing that all Central and State Government employees alike would eagerly like to know!

We are the first to calculate and write about ‘Expected DA’. We have been meticulously doing this task for the past five years. Without fail, we publish all the relevant information pertaining to DA, which is given twice every year (January 1, and July 1). It is our practice to calculate these numbers on the basis of certain indicators.

Dearness Allowance is calculated entirely on the basis of price rise and inflation. Of utmost importance for the calculation is the AICPIN (All India Consumer Price Index). Labour Bureau, a Government agency releases these figures each month.

The Consumer Price Index (Industrial Workers) Base 2001 =100 is calculated based on the prices of 24 crucial items. They are also called “Fixed Basket of Goods.” They take into account the change in retail prices of these items.

Three most important constituents of the CPI-IW are the centre specific weighting diagrams, the retail price data and the house rent data. 78 towns are chosen and the list is formulated from the information gathered from these places. Each month’s AICPIN is released in the following month.

After 01.01.2006, according to the formula recommended by the 6th CPC, an approximate dearness Allowance for the month is calculated. At the end of June and December, the precise Dearness Allowance is calculated.

In order to calculate this year’s second instalment of Additional Dearness Allowance, AICPIN points of six months are required. As of now, the AICPIN of only one month has been released. In these circumstances, it wouldn’t be right to make predictions.

AICPIN for Jan 2014 - Expected DA from Jul 2014

AICPIN for Jan 2014 - Expected DA from Jul 2014

 All-India CPI-IW for January, 2014 declined by 2 points and pegged at 237

Consumer Price Index Numbers For Industrial Workers (CPI-IW) January 2014

According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for January, 2014 declined by 2 points and pegged at 237(two hundred and thirty Seven). On 1-month percentage change, it decreased by 0.84 per cent between December and January compared with the rise of 0.91 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 -2.78 percentage points to the total change. At item level, Groundnut Oil, Onion, Brinjal Cabbage, Carrot, Gourd, Palak, Peas, Potato, Tomato and other Vegetable items, Sugar etc. are responsible for the decrease in index. However, this was compensated to some extent by Housing Index and the prices of Rice, Wheat, Fish Fresh, Goat Meat, Poultry, Cooking Gas, Electricity Charges, Petrol etc. putting upward pressure on the index. 

The year-on-year inflation measured by monthly CPI-IW stood at 7.24 per cent for January, 2014, as compared to 9.13 per cent for the previous month and 11.62 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 8.94 per cent against 11.49 per cent of the previous month and 14.08 per cent during the corresponding month of the previous year.

At centre level, Bhilwara recorded the highest decline of 8 points each followed by Kodarma (7 Points), Bokaro and Surat (6 Points each), Varanasi and Munger Jamalpur (5 Points each). Among others, 4 points decrease was registered in 8 centres, 3 points in 13 centres, 2 points in 12 centres and 1points in 9 centres. On the contrary, Amritsar and Quilon centres reported an increase of 4 points followed by Jharia (3 points). Among others, 2 points increase was observed in 6 centres and 1 point in 7 centres. Rest of the 14 centres’ indices remained stationary.

The indices of 38 centres are above All-India Index and other 39 centres’ indices are below national average. The index of Bhilwara centre remained at par with all-India index.

The next index of CPI-IW for the month of February, 2014 will be released on Monday, 31 March, 2014. The same will also be available on the office website www.labourbureau.gov.in.