Expected DA July 2015 finalized: AICPIN for the month of June 2015

Expected DA July 2015 finalized: AICPIN for the month of June 2015

3 Points increased and pegged at 261.

As per the press release of Labour Bureau today, the All India Consumer Price Index (IW) is increased by three points from the existing level and stands at 261.

No.5/1/2015- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004

DATED : 31st JuIy, 2015

Press Release

Consumer Price Index for Industrial Workers (CPI-I W) – June, 2015

The All-India CPI-IW for June, 2015 increased by 3 points and pegged at 261 (two hundred and sixty one). On 1-month percentage change, it increased by (+) 1.16 per cent between May, 2015 and June, 2015 when compared with the increase of (4) 0.82 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 2.35 percentage points to the total change. At item level, Arhar Dal, Gram Dal, Masur Dal, Urd Dal, Groundnut Oil, Mustard Oil, Fish Fresh, Eggs (Hen), Poultry (Chicken), Milk (Buffalo & Cow), Onion, Chillies Green, Ginger, Vegetable items, Petrol, etc. are responsible for the increase In index. However, this increase was restricted by Rice, Mango, Lemon, Sugar, Electricity Charges, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 6.10 per cent for June, 2015 as compared to 5.74 per cent for the previous month and 6.49 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 6.67 per cent against 5.99 per cent of the previous month and 5.88 per cent during the corresponding month or the previous year.

At centre level, Quilon reported the highest increase of 15 points followed by Godavarikhani (9 points) and Raniganj (7 points). Among others, 6 points inclease was observed in 4 centres, 5 points in 9 centres, 4 points in Il cenlres, 3 points in 8 centres, 2 points in 15 centres and 1 point in 11 centres. On the contrary, Ghaziabad centres recorded a maximum decrease of 2 points. Among others, I point decrease was observed in 6 centres. Rest of the 10 centres’ indices remained stationary.

The indices of 35 centres are above All India Index and other 42 centres’ indices are below national average. The index of Lucknow is at par with all-India index.

The next index of CPI-IW for the month of July, 2015 will be released on Monday, 31st August, 2015. The same will also be available on the office website www.labourbureau.gov.in.

sd/-
(S.S.NEGI)
DEPUTY DIRECTOR GENERAL

Source: www.labourbureau.nic.in

‘Expected DA from July 2015′ is finalized as hike by 6%.

Tags: AICPIN June 2015, Expected DA, Expected DA July 2015, Central Government Employees News, Merger of DA

‘Expected DA July 2015’ to be finalized – May 2015 AICPIN to be announced today

‘Expected DA July 2015’ to be finalized – May 2015 AICPIN to be announced today

‘DA from July 2015’ will most likely be finalized today; DA calculation stands at nearly 6%, as of now.

The price of petrol and diesel is one of the most important factors that influence the prices of general commodities. Petrol and diesel prices had increased by 10 to 15% in the month of May. Experts believe that it will have a huge impact on the prices of essential commodities too.

The Labour Bureau calculates the AICPIN points based on the prices of essential commodities at 78 select towns and cities from all over the country. The Consumer Price Index for Industrial Workers (CPI-IW) is an important statistical/economic indicator. It was first introduced on scientific lines with base 1960=100 which was based on the results of Family Living Survey conducted in 1958-59 at 50 industrially important centres. The series was then, updated on base 1982=100 and a revision in 1999-2000 has further updated the base on 2001=100.

The CPI (IW) Base Year 2001=100 index points for the month of May will be announced today. Based on today’s announcement, one can calculate, the Dearness Allowance that will be given from July onwards.

Source: www.cgstaffportal.in

AICPIN points for the month of May to be announced Tomorrow

AICPIN points for the month of May to be announced Tomorrow

“The Ministry of Labour will announce the ‘All India Consumer Price Index for Industrial Workers’ for the month of May, tomorrow; AICPIN indicates the rise and fall of prices of essential commodities across important towns and cities in the country”.

After significant changes in the Agricultural and Rural AICPIN points in the month of May, there is tremendous curiosity regarding the AICPIN points for the industrial workers. The index of Agricultural and Rural AICPIN had increased by 6 and 7 points to 811 and 816 respectively.

CPI (IW) BY 2001=100 points indicate the fluctuation of prices of essential commodities. If the CPI (IW) points increase, it leads to an increase in the percentage of additional Dearness Allowance for Central Government employees and Pensioners.

If the AICPIN for the month of May increases by 4 points, then the Dearness Allowance for July could be higher by 7%. In other words, from 113%, it could go up to 120%.

The AICPIN points of each month are calculated on the basis of the fluctuations in the prices of 24 commodities, including rice and wheat, in 78 selected cities and towns. The CPI (IW) BY 2001=100 of this month is released towards the end of the following month.

The present method of calculation was recommended by the 6th Central Pay Commission. From 01.01.2016 onwards, it will be calculated based on the recommendations of the 7th Central Pay Commission.

Source: www.cgstaffnews.in

Falling additional DA hike; Decreasing curiosity among employees

Expected DA from July 2015: Falling additional DA hike; Decreasing curiosity among employees

Along with the decreasing percentage of additional Dearness Allowance, there is also a noticeable fall in interest among employees to know more about ‘Expected DA’…!

“There was tremendous curiosity when initial reports surfaced that ‘Expected DA’ could be as high as 10% in 2013. But, now, when the expectation is fixed at around 5%, readership for the topic has decreased considerably.”

Dearness Allowance for Central Government employees, which is given once every six months, is currently expected to be not more than a very minimal 5%.

Additional Dearness Allowance from July 2015 is based on the fluctuation in price of essential commodities between the months of January and June 2015. With the CPI(IW) data available for only three months as of now, the general prediction is that if the AICPIN falls by 6 points total in three months, the additional DA could be as low as 4% from July 2015.

The chances of a 6% of additional DA increase with effect from July 2015 are very minimal.

Statistics of AICPIN of the next two months will decide if the next additional DA is going to be 5% or 6%.
Why is Dearness Allowance, which is given once every six months in order to help the salaried class manage the increasing prices of essential commodities, so important this time?

What has DA got to do with the 7th Pay Commission? and

What is the connection between the 7th Pay Commission and Dearness Allowance?

Let’s look at them in detail (Click here to continue…)

NFIR View on Expected DA from July 2015

NFIR View on Expected DA from July 2015

‘National Federation of Indian Railwaymen’ – NFIR circulated to its all affiliated unions regarding the ‘Expected DA from July 2015′ after the announcement of AICPIN for the month of March 2015 yesterday by the Labour Bureau. It is expected that the additional dearness allowance is likely to be 118% of pay from July 2015. The letter is reproduced and given below for your information…

EXPECTED DEARNESS ALLOWANCE FROM 01st July 2015

NFIR
National Federation of Indian Railwaymen
3. CHELMSFORD ROAD, NEW DELHI – 110 055

No.1/5(A)Part.1

Dated: 01/05/2015

The General Secretaries of Affiliated Unions of NFIR
Dear Brother,

Sub: Dearness Allowance with effect from 01.07.2015 – reg.

The All India Consumer Price Index for March 2015 was 254 and if it remains as it is for next three (3) months or if it rises to 256, the average is expected to be 253. Consequently, the Dearness Allowance increase is likely to be 118% of pay from July 2015.

The above is for information of affiliates. You are aware that the Government normally announces D.A. revision in September, to be given effect from July.

Yours fraternally,
sd/-
(Dr. M. Raghavaiah)
General Secretary

Source: NFIR