Expected DA from Jan, 2014 now confirmed to be 100% – may touch 101%

Expected DA from Jan, 2014 now confirmed to be 100% – may touch 101%

As already mentioned and calculated in our previous post that Dearness Allowance from January-2014 will be 100% now confirmed in view of All India Consumer Price Index Number [http://labourbureau.nic.in/indtab.html] for Industrial Workers (CPI-IW) on base 2001=100 for the month of October, 2013 rose by 3 points and pegged at 241 (two hundred and forty one).  Now it is absolutely confirmed that expectation DA from Jan-2014 will not reduce from 100%.  As per increase and present economic scenario if AICPIN of Nov, 2013 or Dec, 2014 will rose by by 3 or 4 points, Dearness Allowance from Jan, 2014 will computed at 101%.

Expectation 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 Dec,12 219 2512 209.33 80.83% 80%
DA from
July, 2013
order has
been issued
by finmin
2 Jan,13 221 2535 211.25 82.49% 90%
2 Feb,13 223 2559 213.25 84.22%
1 Mar,13 224 2582 215.17 85.87%
2 Apr,13 226 2603 216.92 87.38%
2 May,13 228 2625 218.75 88.97%
3 Jun,13 231 2648 220.67 90.62%
Jul AICPIN 4 Jul,13 235 2671 222.58 92.28%
Aug AICPIN 2 Aug,13 237 2694 224.50 93.94%
Sep AICPIN 1 Sep,13 238 2717 226.42 95.59%
Oct AICPIN 3 Oct,13 241 2741 228.42 97.32%
1st
Expection
for 100%
1 Nov,13 242 2765 230.42 99.05% 100%
4 Dec,13 246 2792 232.67 100.99%
Expected DA/DR from January, 2014
2nd
Expectation
for 100%
3 Nov,13 244 2767 230.58 99.19% 101%
1 Dec,13 245 2793 232.75 101.06%
Expected DA/DR from January, 2014
3rd
Expectation:
for 101%
2 Nov,13 243 2766 230.50 99.12% 101%
3 Dec,13 246 2793 232.75 101.06%
Expected DA/DR from January, 2014
4th
Expectation
for 101%
3 Nov,13 244 2767 230.58 99.19% 101%
1 Dec,13 245 2793 232.75 101.06%
Expected DA/DR from January, 2014

must read what will happen if DA reached 100%.

, you may also download/save the excel sheet for self calculation.  The link for excel sheet is given below:

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

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.