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Thursday, March 28, 2013

Expected DA from July-2013 will be not less than 89% after 2 point increase in Index

As all are waiting for announcement of Dearness Allowance for Central Government Employees from January, 2013, which has been not announced till the writing of this post.  In the meanwhile Ministry of Labour & Employment has published Consumer Price Index Numbers for Industrial Workers (CPI-IW) February 2013.  According the press release the the All-India CPI-IW for February, 2013 rose by 2 points and pegged at 223 (two hundred and twenty three).  This two point increase showing confirm 9% increase in Dearness Allowance from July, 2013.  Hence Expected DA from July, 2013 will be not less than 89%.  It is also make clear from following table:-
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%
1 Dec-12 219 2512 209.33 80.83%
First
Expectation
2 Jan-13 221 2535 211.25 82.49% 82%
2 Feb-13 223 2559 213.25 84.22% 84%
1 Mar-13 224 2582 215.17 85.87% 85%
1 Apr-13 225 2602 216.83 87.31% 87%
1 May-13 226 2622 218.50 88.75% 88%
1 Jun-13 227 2641 220.08 90.12% 90%
1 Jul-13 Expected DA from July-2013 90%

Second
Expectation
2 Jan-13 221 2535 211.25 82.49% 82%
2 Feb-13 223 2559 213.25 84.22% 84%
2 Mar-13 225 2583 215.25 85.95% 85%
2 Apr-13 227 2605 217.08 87.53% 87%
2 May-13 229 2628 219.00 89.18% 89%
2 Jun-13 231 2651 220.92 90.84% 90%
2 Jul-13
Expected DA from July-2013
90%
Third
Expectation
2 Jan-13 221 2535 211.25 82.49% 82%
2 Feb-13 223 2559 213.25 84.22% 84%
0 Mar-13 223 2581 215.08 85.80% 85%
0 Apr-13 223 2599 216.58 87.10% 87%
0 May-13 223 2616 218.00 88.32% 88%
0 Jun-13 223 2631 219.25 89.40% 89%
0 Jul-13 Expected DA from July-2013 89%
DOWNLOAD: EXCEL FILE FOR EXPECTED DEARNESS CALCULATION TO CALCULATE YOURSELF [click on File-Menu & download]

PIB Release of CPI-IW

Ministry of Labour & Employment 28-March, 2013
Consumer Price Index Numbers for Industrial Workers (CPI-IW) February 2013

According to a press release issued today by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for February, 2013 rose by 2 points and pegged at 223 (two hundred and twentythree). On 1-month percentage change, it increased by 0.90 per cent between January and February 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 group which increased by 1.28 per cent, contributing 1.40 percentage points to the total change. This was followed by Miscellaneous and Fuel & Light groups with 0.62 and 0.80 per cent increase respectively contributing 0.27 and 0.11 percentage points to the change. At item level, largest upward pressure came from Rice, Wheat & Wheat Atta, Fish Fresh, Goat Meat, Poultry (Chicken), Milk, Onion, Tea (Readymade), Electricity Charges, Rail Fare, Petrol, etc. However, this was compensated by Root Vegetables and Sugar, putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 12.06 per cent for February, 2013 as compared to 11.62 per cent for the previous month and 7.57 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 14.98 per cent against 14.08 per cent of the previous month and 5.08 per cent during the corresponding month of the previous year.

At centre level, Belgaum and Munger-Jamalpur centres recorded the largest increase of 7 points each followed by Vijaywada, Tiruchirapally and Jharia (6 points each). Among others, 5 points rise was registered in 5 centres, 4 points in 6 centre, 3 points in 9 centres, 2 points in 14 centres and 1 point in 15 centres. On the contrary, 4 points decline was reported in Coimbatore, followed by Tirpura and Guwahati (3 points each) and 1 point in 7 centres. Rest of the 14 centres’ indices remained stationary.

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

The next index of CPI-IW for the month of March, 2013 will be released on Tuesday, 30 April, 2013. The same will also be available on the office website www.labourbureau.nic.in.

*****
(Release ID :94335)

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