Search News, Order, Rules etc. in more than 5,000 articles type keywords and hit enter

Friday, June 28, 2013

90% DA from July, 2013 may be announced in view of May, 2013 AICPIN

According to the press release, the All-India CPI-IW for May, 2013 rose by 2 points and pegged at 228 two hundred and twenty eight) and expected Dearness Allowance due from July, 2013 is unchanged in respect of previous month expectation of 90% means 10% increase in present DA [click here to see].  Now picture of expected DA, which is based on a standard calculation is confirmed now. An impossible increase of 9 points in AICPIN of June, 2013 will change the expectation from 90% to 91%.  See 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
1 Nov-12 218 2490 207.50 79.25% 80%
1 Dec-12 219 2512 209.33 80.83%

 
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%
2 Apr-13 226 2603 216.92 87.38% 87%
2 May-13 228 2625 218.75 88.97% 88%
1st Expectation 0 Jun-13 228 2645 220.42 90.41% 90%
Jul-13 Expected DA from July-2013 90%
2nd Last Expectation 8 Jun-13 236 2653 221.08 90.98% 90%
Jul-13 Expected DA from July-2013 90%
Last Expectation 9 Jun-13 237 2654 221.17 91.06% 91%
Jul-13 Expected DA from July-2013 91%

Therefore DA from July, 2013 will be 90% and will be announced in September or October in this year.

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

PIB Release of CPI-IW:

Press Information Bureau
Government of India
Ministry of Labour & Employment
28-June-2013 17:45 IST
Consumer Price Index for Industrial Workers (CPI-IW)-May, 2013

The All-India CPI-IW for May, 2013 rose by 2 points and pegged at 228 (two hundred and twenty eight). On 1-month percentage change, it increased by 0.88 per cent between April and May compared with 0.49 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 1.22 per cent, contributing 1.64 percentage points to the total change. At item level, Rice, Arhar Dal, Fish Fresh, Poultry (Chicken), Milk, Chillies Green, Garlic, Ginger, Tomato, Root & Green Vegetables, Tea Leaf, Tea (Readymade), Cigarette, Country Liquor, Electricity Charges, Medicine (Allopathic), Repair Charges, etc. are responsible for the rise in index. However, this was compensated by Petrol putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 10.68 per cent for May, 2013 as compared to 10.24 per cent for the previous month and 10.16 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 13.24 per cent against 12.39 per cent of the previous month and 10.61 per cent during the corresponding month of the previous year. 

At centre level, Chennai and Nagpur recorded the largest increase of 8 points each followed by Nasik (7 points) and Warrangal, Coonoor, Hubli Dharwar, Madurai and Tripura (6 points each). Among others, 5 points rise was registered in 2 centres, 4 points in 14 centres, 3 points in 6 centres, 2 points in 12 centres, and 1 point in 12 centres. On the contrary, a decline of 6 points was reported in Delhi, 5 points in Ghaziabad, 4 points in Srinagar, 3 points in 2 centres, 2 points in 2 centres and 1 point in 7 centres. Rest of the 10 centres’ indices remained stationary. 

The indices of 38 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Jabalpur and Haldia centres remained at par with all-India index. 

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

*****

Stay connected with us via Facebook, Google+ or Email Subscription.

Subscribe to Central Government Employee News & Tools by Email [Click Here]
Follow us: Twitter [click here] | Facebook [click here] Google+ [click here]
Admin

No comments:

Post a Comment

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

This Month's Popular Posts

Top Generated search terms/ keywords used by our visitors to  arrive in Central Government Employee News.
KeywordCount
* 7th Pay Commission – Estimated Pay Scales shows substantial increase in salary for CG Employees
* Projected 7th CPC Pay for each cadre/Post, Pension and all service matter: Submission of oral evidence by BPMS
* Expected Pension / Family Pension Table in 7th Pay Commission
* 7th Pay Commission will bring fortune for central government employees
* Decisions taken National Joint Council of Action meeting held on 16.02.2015 on 7th CPC, DA Merger issues
* Importance of other allowances in 7th CPC report
* Modi Government is set to big announcement on Budget in view of 7th Pay Commission Read more
* 7th CPC may recommend no increment for lazy central government employees
* Budget demand for Seventh Pay Commission Read more
* Expected DA DR from July 2015: AICPIN released for Feb, 2015
* Government refused interim relief and merger of dearness allowance, assured for 7th CPC report on time
* Meetings Schedule of 7th Pay Commission with Union/Association
* 7th Pay Commission is likely to seek extension, delay in report is expected
* What central government employees can expect from the 7th Pay Commission
* Proposal to 7th CPC: 3.7 multiplication factor, Minimum Wage of Rs.26000/-, 5% Increment rate, 5 promotions, HRA - 60%,40%,20%, Wage ratio 1:8, CEA for Higher Studies, Minimum Pension 67%
* 7th Pay commission may drop the Pay Band-Grade Pay System
* Budget: Government may relax LTC norms to boost tourism
* New Pension Scheme in Railways may be scrapped
* Pension can’t be less than 50% of pay: Supreme Court
* Guidelines for Educational Qualifications and Experience for framing/ amendment of Recruitment Rules
* Income Tax Exemption Limit in the Budget 2015-16
* Budget will decide actual date of implementation of 7th Pay Commission
* Seventh Pay Commission likely to submit report in October 2015
* Schedule for Admission in Kendriya Vidyalayas for the year 2015-16 Click for form & more
* Budget 2015: Income tax expectations for the salaried from PM Narendra Modi's government
*  Meeting by 7th CPC
* Latest on One Rank One Pension 
* Revised Railway Concessional Certificate Forms
Adhar Based Biometric Attendence System
Update on Bank Staff Wages Revision  
Usage of Other Bank's ATM: RBI Clarification
* Time to reform CGHS: An article  
* Pre-2006 Pensioner Case: Law Ministry's Advice
* Latest on Income Tax
* 7th CPC News   Terms of Reference  Composition  Demands
* Cadre Restructuring * Income Tax CBEC  * CAT Order
* Interim Relief   * Merger of DA  *  7th CPC Interim Report
* MACP on Promotional Hierarchy: Latest Update
* Pension Arrears from 01.01.2006 as per Court Order
* Frequently Asked Questions on Service Matters
* Job on Deputation/Absorption/Contract for Retired/Working
List of Gazetted/Restricted Holidays 2015
* One Rank One Pension Orders * Impact of DA Merger

All Time Popular Posts

Recent Comments