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Monday, December 31, 2012

Expected DA from January 2013: 80% (8% increase) confirmed after Nov-2012 AICPIN


Expectation of future Dearness Allowance from January, 2013 after 1 points jump in CPI-IW for the month of November, 2012 giving confirm expectation for DA  80% means an increase of 8% as the Dearness Allowance has been announced 72% from July, 2013.  All India Consumer Price Index Number [http://labourbureau.nic.in/indtab.html] for Industrial Workers (CPI-IW) on base 2001=100 for November, 2012 showing increase in 1 point and stood at 218 (Two hundred and eighteen).  The different expectations of DA from January, 2013 are illustrated below:- 

If it is expected from 1 to 3 points increase in this index for December, 2012 the Dearness Allowance for Central Government Employee will confirm 80% in January, 2013:


Expect-ation
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


Jul-12
212
2414
201.17
73.78%
72%

2
Aug-12
214
2434
202.83
75.22%
80%

1
Sep-12
215
2452
204.33
76.51%

2
Oct-12
217
2471
205.92
77.88%

1
Nov-12
218
2490
207.50
79.25%
1st
1
Dec-12
219
2512
209.33
80.83%
2nd
2
Dec-12
220
2513
209.42
80.91%
80%
3rd
3
Dec-12
221
2514
209.50
80.98%
80%
4th
4
Dec-12
222
2515
209.58
81.05%
81%
5th
-1
Dec-12
217
2510
209.17
80.69%
80%
6th
-2
Dec-12
216
2509
209.08
80.62%
80%
7th
-3
Dec-12
215
2508
209.00
80.55%
80%
8th
-4
Dec-12
214
2507
208.92
80.47%
80%



Hence, it is clear that expectation of increase in DA from January, 2013 will not cross 80%.

DOWNLOAD: EXCEL FILE FOR EXPECTED DEARNESS CALCULATION TO CALCULATE YOURSELF [click on File-Menu & download]



PIB Release:

Ministry of Labour & Employment 31-December, 2012 17:18 IST

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

The All-India CPI-IW for November, 2012 rose by 1 point and pegged at 218 (two hundred and eighteen). On 1-month percentage change, it increased by 0.46 per cent between October and November compared with 0.51 per cent between the same two months a year ago. 

The largest upward contribution to the change in current index came from food items which increased by 0.86 per cent, contributing 1.01 percentage points to the total change. At item level, largest upward pressure came from Rice, Wheat Atta, Goat Meat, Milk, Onion, Potato, Tea (readymade), Snack Saltish, etc. The other items like Cooking Gas, Medicine (Allopathic), Bus Fare, Auto Rickshaw Fare, Flower/Flower Garlands, Tailoring Charges, etc. also put upward pressure in total change. 

The largest downward contribution to the change in current index came from Pulses and Products with a decline of 0.38 per cent, contributing (-) 0.03 percentage points to the total change. However, at item level, vegetable & fruit items like Cauliflower, Radish, Palak, Brinjal and Orange put downward pressure on the index. 

The year-on-year inflation measured by monthly CPI-IW stood at 9.55 per cent for November, 2012 as compared to 9.60 per cent for the previous month and 9.34 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 10.85 per cent against 9.91 per cent of the previous month and 7.61 per cent during the corresponding month of the previous year. 

At centre level, Mysore recorded the largest increase of 7 points followed by Vijaywada (6 points) and Guntur, Tiruchirapally, Coimbatore and Bengluru (5 points each). Among others, 4 points rise was registered in 7 centres, 3 points in 10 centres, 2 points in 6 centres and 1 point in 20 centres. Nagpur centre reported a decline of 2 points and other 9 centres registered a fall of 1 point each. Rest of the 19 centres’ indices remained stationary. 

The indices of 41 centres are above All-India Index and other 36 centres’ indices are below national average. Puducherry’s index remained at par with all-India index. 

The next index of CPI-IW for the month of December, 2012 will be released on Thursday, January 31, 2012. 

*****
(Release ID :91269)


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1 comment:

  1. Hello Sir,

    Can we expect this 80% DA by March 2013....
    H/Capt. Mohamed Ali (Retd.)

    ReplyDelete

Don't hesitate to express yourself. Please write your valuable comments.

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