AICPIN for the month of May to be released today

AICPIN for the month of May to be released today

AICPIN(I-W) for the month of May 2014, the data on price rise and inflation, is going to be released today. The twice-a-year Dearness Allowance given to Central Government employees is calculated on the basis of Consumer Price Index for Industrial Workers based on 2001=100.

At the end of each month, the Labour Bureau, a Central Government agency, releases the AICPIN number for the previous month, based on the month’s price fluctuations. The Bureau is expected to release the APCIN number today. If one goes by the other statistics released for the month of May (Agricultural Labourers 771 to 777; Rural Labourers 773 to 780), the AICPIN number is expected to be on the ascent.
The hike in railway passenger and freight transportation fares is very likely to impact June’s AICPIN number. The AICPIN number for the month of May is expected to increase by a point or two.

Since the first Dearness Allowance of the year is based on the AICPIN points of from the months of December until June, the AICPIN points of May and June assume special significance. An increase of even one point in the next two months from the current levels will raise the additional Dearness Allowance by 7% in July. In other words, from 100%, the total Dearness Allowance could increase to 107..!

The Dearness Allowance given to Central Government employees is expected to rise to 107% in July.

Source: CGEN.in
[http://centralgovernmentemployeesnews.in/2014/06/aicpin-for-the-month-of-may-to-be-released-today/]

Suggestion on Dearness Allowance for 7th Pay Commission – NC JCM STAFF SIDE

Suggestion on Dearness Allowance for 7th Pay Commission – NC JCM STAFF SIDE

National Council JCM Staff Side suggested on the issue of Dearness Allowance in 7th Pay Commission, the existing formula of computation of Dearness allowance and its payment with effect from 1st January, and 1st July may continue…

Dearness allowance

The neutralisation envisaged under the present system of computation of dearness compensation is supposed to be cent per cent, but in reality it is not the case. Actual consumer price index is much higher than the level at which DA is calculated on the basis of 12 monthly average. The average is always lower than the actual cost of living.

The calculation of consumer price index, its basis, the basket of goods on which it is based, are questionable and has become a matter of dispute. Since the Pay Commission being not the forum at which these issues could be taken, we do not propose to go into the details of this aspects.

We suggest, therefore, that the existing formula of computation of DA and its payment with effect from 1st January, and 1st July, may continue.

EXPECTED DA FROM JULY 2014 - An overview of articles about DEARNESS ALLOWANCE

EXPECTED DA FROM JULY 2014 - An overview of articles about DEARNESS ALLOWANCE

EXPECTED DEARNESS ALLOWANCE FROM JULY 2014

An overview of articles about DEARNESS ALLOWANCE

It is an appreciable trend that articles about Dearness Allowances continue to be churned each day. There are plenty of advantages and benefits in giving your own interpretation on a topic that millions are interested in. It helps a great deal in creating consensus opinion. Social media are especially useful in accomplishing this.

A very famous example is the unity and camaraderie between pharmacists a few years ago, and their success. The contribution of social media in the current protests being conducted by LDCs and UDCs is worth taking note of.

There is no denial to the fact that revolutionary new opinions expressed on social media have been useful for many in many different ways. There is also no doubt in the fact that members of the unions, associations, and federations continue to watch the social media. You can bet that in the near future almost all these leaders of unions and associations would have created their own individual websites and started expressing their opinions almost immediately.

Let us get to the topic at hand...

The Consumer Price Index for Industrial Workers points for last month was released on 31.03.2014. The index has risen by one point and stands at 238. As a result, the Dearness Allowance, which stood at 101.71 has now slightly increased to 102.79.

With the AICPIN data of only two months available, it has become clear that there is not even an increase of 3%. If the trend continues, the hike in DA would be very small this time. Though nothing can be speculated as of now, if the AICPIN doesn’t reduce, then there are chances of a 5% DA increase. If AICPIN points slump by bigger margins, there are chances that the DA percentage would decrease further.

To sum it up, this time, there is no possibility of getting the kind of DA hikes that were given in the past. But then, since we still don’t have the data for four months, it is difficult to accurately calculate.

‘Expected DA from July 2014’ completed its second step..!