Central D.A. for Jan'14 and Bank D.A. from Feb'14 will be known today (31.01.2014)

 Central D.A. for Jan'14 and Bank D.A. from Feb'14 will be known today (31.01.2014)

 With the scheduled release of AICPIN No. for December 2013 by Labour Bureau, the actual increase in Dearness Allowance for Central Govt. employees from 01.01.2014 and Bank employees from Feb to April 2014 can be calculated today. Usually the data is released in the evening. It is anticipated earlier that Central employees are going to get 10% increase and Bank employees to get 34 slabs hike in D.A.

As the central D.A. pattern is followed by most of the state Govt.s , everybody is waiting to know the final calculation.

Expected AICPIN for December 2013 – Expected DA Jan 2014

Expected AICPIN for December 2013 – Expected DA Jan 2014

‘Expected DA from Jan 2014′ will be an end and the last and final calculation is waiting for CPI(IW) December 2013. Consumer Price Index(IW) for the month of December 2013 will be announced today or tomorrow by the Labour Bureau.

All we know that AICPIN is the magic number for the calculation of Dearness allowance. Especially, this is the last factor to decided for the purpose of additional Dearness allowance to CG Employees and Pensioners from January 2014.

CPI(IW) Base Year 2001=100, if possible the index move from the existing level of 243 to 246 then the additional DA from Jan 2014 will be fixed at 11%. But, the chances are very less.

The All-India Consumer Price Index Numbers for Agricultural Labourers and Rural Labourers alos decreased by 12 points for the month of December 2013. Anyhow, certainly the additional Dearness allowance will be fixed at the level of 10%. So, the total Dearness allowance will become as 100%.

Finally the DA hits century..!

Source: www.7thpaycommissionnews.in

[http://7thpaycommissionnews.in/expected-aicpin-for-december-2013-expected-da-jan-2014/]

Expected DA from Jan 2014 - Additional DA from Jan 2014 likely to hike by 11%

Expected DA from Jan 2014 - Additional DA from Jan 2014 likely to hike by 11% 

The one more and another additional Dearness allowance to Central Government employees and Pensioners from Jan 2014 will be announced in the middle of March 2014.

This is too early and predict the enhancement in percentage of Dearness allowance with effect from January 2014. The prediction and announcement of this hike make us cool, that the additional DA will jump to 101% and another word, an additional DA would be 11%. 

But, still we have to wait for one more month, that the magic number of AICPIN would be increased by 3% and more..! From the existing level of the AICPIN is now 243, if it becomes 246 in end of December 2013, out prediction will be right…or otherwise certainly we would cross century in total Dearness allowance… 

The table describes the prediction of additional DA from Jan 2014…

Month	Year	AICPIN (IW) BY 2001=100	Points Increasing in AICPIN	Total	Average	App. DA	DA
Jun	2013	231	3	2648	220.67	90.62	90
Jul	2013	235	4	2671	222.58	92.28
Aug	2013	237	2	2694	224.5	93.93
Sep	2013	238	1	2717	226.42	95.59
Oct	2013	241	3	2741	228.42	97.32
Nov	2013	243	2	2766	230.5	99.12
Dec	2013	Expected 246	3	2793	232.75	101.06	101

Source : www.7thpaycommissionnews.in
[http://7thpaycommissionnews.in/expected-da-from-jan-2014-additional-da-from-jan-2014-likely-to-hike-by-11/]

Expected DA from Jan 2014 - AICPIN for the month of November 2013

Expected DA from Jan 2014 - AICPIN for the month of November 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 Novembert 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.

Expected DA from Jan 2014 - AICPIN for the month of October 2013

Expected DA from Jan 2014 - AICPIN for the month of October 2013

Consumer Price Index Numbers for Industrial Workers (CPI-IW) October 2013 

Press Information Bureau 

Government of India

Ministry of Labour & Employment 

29-November-2013 18:49 IST

Consumer Price Index Numbers for Industrial Workers (CPI-IW) October 2013 

According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for October, 2013 rose by 3 points and pegged at 241 (two hundred and forty one). On 1-month percentage change, it increased by 1.26 per cent between September and October compared with 0.93 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 2.53 percentage points to the total change. At item level, Rice, Wheat Atta, Fish Fresh, Goat Meat, Milk (Cow & Buffalo), Pure Ghee, Onion, Vegetable items, Tea Readymade, Electricity Charges, etc.. are responsible for the rise in index. However, this was compensated to some extent by Groundnut Oil, Ginger, Petrol, putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 11.06 per cent for October, 2013 as compared to 10.70 per cent for the previous month and 9.60 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 15.02 per cent against 13.36 per cent of the previous month and 9.91 per cent during the corresponding month of the previous year.

At centre level, Bhavnagar recorded the highest increase of 9 points each followed by Ahmedabad, Labac Silchar and Kodarma (8 points each) and Vadodara and Surat (7 point each). Among others, 6 points rise was registered in 8 centres, 5 points in 10 centres, 4 points in 8 centres, 3 points in 9 centres, 2 points in 10 centres and 1 point in 11 centres. On the contrary, Belgaum and Chhindwada centres reported a decline of 3 points each followed by Mercara (2 points) and Salem, Hubli Dharwar and Puducherry (1 point each). Rest of the 15 centres’ indices remained stationary.

The indices of 39 centres are above All-India Index and other 38 centres’ indices are below national average. 

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

Expected IDA Increase From January 2014 for PSU Employees

 Expected IDA Increase From January 2014 for PSU Employees

 The Expected IDA w.e.f. 01-January-2014 may increased by 4.5% to 5.8% i.e upto from 90.0% to 91.3% depends upon the Average All India Consumer Price Index Number (Industrial Worker) of the months September-2013, October-2013 & November-2013.

The  AICPI of the months Sep'13, Oct'13 &Nov'13 will be declared on 31-October-2013 & 29-November-13 &31-December-2013 respectively. The  AICPI of the months Sep'13 & Oct'13 are 238 & 241 as it is declared on 31-October-2013 & 29-November-2013 respectively. Even if there is no increase in AICPI , there will be IDA Increase by 4.5%. The actual IDA will be declared on 31-December-2013.

AICPI of Sep'13: 238

AICPI of Oct'13: 241

Top 10 Projections:

S.N.	Expected CPI of Nov'13	Avg. CPI Projected	ProjectedIDA (%)	Projected IDA Increase (%)
1	240	239.67	89.7	4.2
2	241	240	90	4.5
3	242	240.33	90.2	4.7
4	243	240.67	90.5	5
5	244	241	90.8	5.3
6	245	241.33	91	5.5
7	246	241.67	91.3	5.8
8	247	242	91.6	6.1
9	248	242.33	91.8	6.3
10	249	242.67	92.1	6.6

Source : www.idapsu.blogspot.in
[http://idapsu.blogspot.in/2013/07/expected-ida-from-october-2013.html]

Statement of Srikant Kumar Jena on Consumer Price Index

Statement of Srikant Kumar Jena on Consumer Price Index 

Press Information Bureau 

Government of India

Ministry of Statistics & Programme Implementation 

14-October-2013 17:31 IST

Statement of Srikant Kumar Jena on Consumer Price Index 

Shri Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics and Programme Implementation announced the release of the monthly provisional Consumer Price Index (CPI) on Base 2010=100 along with annual inflation rates for September 2013, compiled by the Central Statistics Office. Final CPI numbers for the month of August 2013 have also been released. 

All India General (all groups) CPI numbers of September 2013 for rural, urban and combined are 137.8, 134.0 and 136.2 respectively.

Provisional annual inflation rate based on all India general CPI (Combined) for September 2013 on point to point basis (September 2013 over September 2012) is 9.84%. The corresponding inflation rates (provisional) for rural and urban areas are 9.71% and 9.93% respectively. Inflation rates (final) for rural, urban and combined for August 2013 are 8.93%, 10.32% and 9.52% respectively.

Provisional annual inflation rates of September 2013 for rural, urban and combined in respect of ‘food and beverages’ are 11.48%, 11.36% and 11.44% respectively.

Source: PIB News

Expected DA from Jan 2014 - AICPIN for the month of September 2013

Expected DA from Jan 2014 - AICPIN for the month of September 2013

Consumer Price Index Numbers for Industrial Workers (CPI-IW) September 2013

According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for September, 2013 rose by 1 points and pegged at 238 (two hundred and thirty eight). On 1-month percentage change, it increased by 0.42 per cent between August and September compared with 0.47 per cent between the same two months a year ago.

The largest upward pressure to the change in current index came from Miscellaneous group contributing 0.44 percentage points to the total change. At item level, Arhar Dal, Goat Meat, Dairy Milk, Milk (Cow & Buffalo), Pure Ghee, Snack Saltish, Tea Leaves, Onion, Electricity Charges, Firewood, College Fee, Secondary School Fee, Petrol, Bus Fare, Tailoring Charges etc. are responsible for the rise in index. However, this was compensated to some extent by Wheat, Groundnut Oil, Mustard Oil, Poultry, Ginger, Vegetables and Fruit items, putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 10.70 per cent for September, 2013 as compared to 10.75 per cent for the previous month and 9.14 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 13.36 per cent against 13.91 per cent of the previous month and 11.00 per cent during the corresponding month of the previous year.

At centre level, Labac Sichar recorded the highest increase of 9 points each followed by Varanasi and Vishakhapattnam (7 points each) and Bhilwara, Tripura and Darjeeling (6 points each). Among others, 5 points rise was registered in 3 centres, 4 points in 2 centres, 3 points in 7 centres, 2 points in 14 centres and 1 point in 15 centres. On the contrary, Goa reported a decline of 8 points followed by Godavarikhani (7 points), Bhavnagar (5 points) and Nagpur and Ahmedabad (4 points each). Among others 3 point decline was observed in 2 centres 1 point in 6 centres. Rest of the 15 centres’ indices remained stationary.

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

The next index of CPI-IW for the month of October, 2013 will be released on Friday, 29 November, 2013. The same will also be available on the office website www.labourbureau.gov.in.

Source: PIB News

Expected DA From Jan 2014 - Possibility Of Increase Of DA By 11%

Expected DA From Jan 2014 - Possibility Of Increase Of DA By 11%

As per the present state DA has reached 90 %. At this juncture, Central Government Employees are eagerly waiting to know the percentage of increase in the month of Jan 2014. The DA increase in the month of Jan 2014 does have certain importance in it. Because when DA reaches 100%, there is a possibility of increase of certain allowances also simultaneously. 

As per the recent publication of AICPIN value, DA has reached the height of 93.93 % at present. During the coming four months, if the AICPIN value increases by 1point, there is a possibility of DA reaching the 100 % mark. Likewise, if the average becomes 2point, there is a chance of reaching 101 % as DA. During the ensuing four months, based on the value calculation of AICPIN, it would be possible to calculate DA accurately. Still, there is maximum possibility of increase of DA by 11 %      

EXPECTED DA FROM JAN 2014

IF AICPIN RISE ONE POINTS IN THE BALANCE MONTHS OF AICPIN…

Jun-13	231	2648	220.67	104.91	90.62	90
Jul-13	235	2671	222.58	106.82	92.28
Aug-13	237	2694	224.5	108.74	93.93
Sep-13	238	2717	226.42	110.66	95.59
Oct-13	239	2739	228.25	112.49	97.17
Nov-13	240	2761	230.08	114.32	98.76
Dec-13	241	2783	231.92	116.16	100.34	100

IF AICPIN RISE TWO POINTS IN THE BALANCE MONTHS OF AICPIN…

Jun-13	231	2648	220.67	104.91	90.62	90
Jul-13	235	2671	222.58	106.82	92.28
Aug-13	237	2694	224.5	108.74	93.93
Sep-13	239	2718	226.5	110.74	95.66
Oct-13	241	2742	228.5	112.74	97.39
Nov-13	243	2767	230.58	114.82	99.19
Dec-13	245	2793	232.75	116.99	101.06	101

IF AICPIN RISE THREE POINTS IN THE BALANCE MONTHS OF AICPIN…

Jun-13	231	2648	220.67	104.91	90.62	90
Jul-13	235	2671	222.58	106.82	92.28
Aug-13	237	2694	224.5	108.74	93.93
Sep-13	240	2719	226.58	110.82	95.73
Oct-13	243	2745	228.75	112.99	97.6
Nov-13	246	2773	231.08	115.32	99.62
Dec-13	249	2803	233.58	117.82	101.78	101

Source: www.7thpaycommissionnews.com
[http://www.7thpaycommissionnews.com/2013/10/expected-da-from-jan-2014-possibility.html]

Cabinet Committee may decide on DA increase to Central Govt Employees and Pensioners tomorrow..

Cabinet Committee may decide on DA increase to Central Govt Employees and Pensioners tomorrow...

Centre set to hike DA of govt employees by 10%

Ahead of the festive season, the UPA government is set to hike the dearness allowance (DA) of its employees by 10%, a move that will benefit almost 8 million people by boosting their purchasing power. 

The Union cabinet will consider a proposal on the raising the allowance, which is a proportion of basic pay, at its meeting on Friday.

In what can be seen as major sop for a large section of aam aadmi, this will be the second DA hike in a financial year. More importantly, also ahead of the 2014 general elections.

The Centre’s decision will not only directly benefit 5 million employees and 3 million pensioners, but also help infuse more money into the economy.

Top government sources said the new DA rates would be applicable from July 1.

The sources further said the exact amount of DA, as a proportion of basic pay, works out to over 90% after factoring in the revised All-India Consumer Price Index for Industrial Workers (CPI-IW) for June.

According to revised data released on August 30, retail inflation for factory workers for June stood at 11.63%, higher than the provisional estimate of 11.06% for the month released on July 31.

The double-digit hike in DA would come after three years. It was last in September, 2010, that the government had announced a hike of 10%.

The DA was hiked to 80% from 72% in April 2013, effective from January 1, this year.

As per practice, the government uses CPI-IW data for past 12 months or a year to arrive at a number for the purpose of any DA hike. Thus, the retail inflation for industrial workers between July 2012 and June 2013 will be used to take a final decision.

(With inputs from PTI)