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Posts Tagged ‘AICPIN’

AICPIN for November 2015 – Expected DA from Jan 2016

AICPIN for November 2015 – Expected DA from Jan 2016

 No. 5/1/2015-CPI

GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

`CLEREMONT’, SHIMLA-171004
DATED: 31st December, 2015

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – November, 2015

The All-India CPI-IW for November, 2015 increased by 1 point and pegged at 270 (two hundred and seventy). On 1-month percentage change, it increased by (+) 0.37 per cent between October and November, 2015 which was static between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 0.64 percentage points to the total change. At item level, Wheat, Urd Dal, Mustard Oil, Eggs (Hen), Milk, Chillies-Dry, Garlic, Carrot, Lady’s Finger, Peas, Potato, Tomato, Tea (Readymade), Sugar, Flower/Flower Garlands, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted by Chillies Green, Onion, Brinjal, Cauliflower, Green Coriander Leaves, Methi, Radish, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 6.72 per cent for November, 2015 as compared to 6.32 per cent for the previous month and 4.12 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.86 per cent against 7.50 per cent of the previous month and 2.56 per cent during the corresponding month of the previous year.

At centre level, Madurai reported the highest increase of 11 points followed by Tiruchirapally (9 points), Jalandhar, Puducherry and Salem (7points each) and Mundakkayam (6 points). Among others, 4 points rise was observed in 5 centres, 3 points in 7 centres, 2 points in 12 centres and 1 point in 10 centres. On the contrary, Jamshedpur, Tripura and Rangapara-Tezpur recorded a maximum decrease of 4 points each followed by Kolkata, Amritsar and Kodarma (3 points each). Among others, 2 points decrease was observed in 13 centres and 1 point in 8 centres. Rest of the 11 centres’ indices remained stationary.

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

The next issue of CPI-IW for the month of December, 2015 will be released on Friday, 29th January, 2016. The same will also be available on the office website www.labourbureaunew.gov.in.

sd/-
(SHYAM SINGH NEGI)
DEPUTY DIRECTOR GENERAL

Authority: http://labourbureau.nic.in/

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Expected DA Jan 2016 : AICPIN for the month of October 2015

Expected DA Jan 2016 : AICPIN for the month of October 2015

No. 5/1/2015- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

`CLEREMONV, SHIMLA-171004
DATED : 30th October, 2015

Press Release

 

Consumer Price Index for Industrial Workers (CPI-IW) – September, 2015

 

The All-India CPI-IW for September, 2015 increased by 2 points and pegged at 266 (two hundred and sixty six). On 1-month percentage change, it increased by (+) 0.76 per cent between August and September, 2015 which was static between the same two months a year ago.

 

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.78 percentage points to the total change. At item level, Arhar Dal, Masur Dal, Moong Dal, Urd Dal, Mustard Oil, Onion, Cauliflower, Green Coriander Leaves, Potato, Tea (Readymade), Sugar, Electricity Charges, Private Tuition Fee, Flower/Flower Garlands, etc. are responsible for the increase in index. However, this increase was restricted by Wheat, Fish Fresh, Poultry (Chicken), Eggs (Hen), Apple, Coconut, Tomato, Petrol, Washing Soap, etc., putting downward pressure on the index.

 

The year-on-year inflation measured by monthly CPI-IW stood at 5.14 per cent for September, 2015 as compared to 4.35 per cent for the previous month and 6.30 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.71 per cent against 3.55 per cent of the previous month and 6.46 per cent during the corresponding month of the previous year.

 

At centre level, Chhindwara reported the highest increase of 10 points followed by Varanasi (9 points), Pune, Tripura, Jalpaiguri and Bhilwara (6 points each). Among others, 5 points rise was observed in 5 centres, 4 points in 7 centres, 3 points in 8 centres, 2 points in 16 centres and 1.point in 19 centres. On the contrary, Goa recorded a maximum decrease of 4 points followed by Ernakulam 3 points. Among others, 2 points decrease was observed in 4 centres and 1 point in 2 centres. Rest of the 9 centres’ indices remained stationary.

 

The indices of 36 centres are above All India Index and other 42 centres’ indices are below national average.

 

The next issue of CPI-IW for the month of October, 2015 will be released on Monday, 30th November, 2015. The same will also be available on the office website www. labourbureau.gov. in.

 

(S. S. NEGI)
DEPUTY DIRECTOR GENERAL

 

Source : labour Bureau

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Bank Employees to Get 34 Slabs Increase in DA for the Next Quarter

Bank Employees to Get 34 Slabs Increase in DA for the Next Quarter
Bank Employees to Get 34 Slabs Increase in DA for the Next Quarter – Accordingly Bank workmen/Officers will have 34 slabs increase in DA payable for next quarter Nov to Jan’16 at 39.80%.(3.40% increase from Existing 36.40%)

With the two point increase of All India Consumer Price Index Numbers (AICPIN) for the month of SEPTEMBER ’15, which stood at 266 points , Bank employees will get hefty increase of 34 slabs of D.A. for Nov’15 to Jan’16 quarter.

Accordingly Bank workmen/Officers will have 34 slabs increase in DA payable for next quarter Nov to Jan’16 at 39.80%.(3.40% increase from Existing 36.40%)

“DA for Nov 2015 increase of 3.4% means increase of 34 Slabs. Now Total DA will be 39.80 %” the Vice President of NOBW Mr.Ashwani Rana said.

Index numbers are yet to be updated in official website of labour ministry.

we have three months data

  • July 2015 263 (6003.21)
  • August 2015 264 (6026.04)
  • September 266 (6071.69)

As of now based on the above data 30 slabs or 3.00% is sure.

Source: NOBW

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Expected DA January 2016 – AICPIN for September 2015

Expected DA January 2016 – AICPIN for September 2015

Expected DA January 2016 – AICPIN for September 2015

No.5/1/2015-CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

CLEREMONT, SHIMLA-171004
DATED : 30th October, 2015

Press Release

 

Consumer Price Index for Industrial Workers (CPI-IW) – September, 2015

 

The All-India CPI-IW for September, 2015 increased by 2 points and pegged at 266 (two hundred and sixty six). On 1-month percentage change, it increased by (+) 0.76 per cent between August and September, 2015 which was static between the same two months a year ago.

 

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.78 percentage points to the total change. At item level, Arhar Dal, Masur Dal, Moong Dal, Urd Dal, Mustard Oil, Onion, Cauliflower, Green Coriander Leaves, Potato, Tea (Readymade), Sugar, Electricity Charges, Private Tuition Fee, Flower/Flower Garlands, etc. are responsible for the increase in index. However, this increase was restricted by Wheat, Fish Fresh, Poultry (Chicken), Eggs (Hen), Apple, Coconut, Tomato, Petrol, Washing Soap, etc., putting downward pressure on the index.

 

The year-on-year inflation measured by monthly CPI-IW stood at 5.14 per cent for September, 2015 as compared to 4.35 per cent for the previous month and 6.30 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.71 per cent against 3.55 per cent of the previous month and 6.46 per cent during the corresponding month of the previous year.

 

At centre level, Chhindwara reported the highest increase of 10 points followed by Varanasi (9 points), Pune, Tripura, Jalpaiguri and Bhilwara (6 points each). Among others, 5 points rise was observed in 5 centres, 4 points in 7 centres, 3 points in 8 centres, 2 points in 16 centres and 1.point in 19 centres. On the contrary, Goa recorded a maximum decrease of 4 points followed by Ernakulam 3 points. Among others, 2 points decrease was observed in 4 centres and 1 point in 2 centres. Rest of the 9 centres’ indices remained stationary.

 

The indices of 36 centres are above All India Index and other 42 centres’ indices are below national average.

 

The next issue of CPI-IW for the month of October, 2015 will be released on Monday, 30th November, 2015. The same will also be available on the office website www. labourbureau.gov. in.

(S.S.NEGI)
DEPUTY DIRECTOR GENERAL

Authority: http://labourbureau.nic.in/

Click to view the Press Release in Hindi & English

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AICPIN Points for the month of September to be released today

AICPIN Points for the month of September to be released today

“2015 September’s All India Consumer Price Index Points for the purpose of Dearness Allowance calculation to be released today”

The last ‘Expected DA from Jan 2016’ calculations based on the 6th Pay Commission recommendations for Central Government employees and pensioners are already started. The fluctuation in the prices of essential commodities will be taken into account for this calculations. The September’s points of CPI for Industrial Workers base year 2001=100 for the calculation of additional DA and DR is expected to be released today. Already Labour Bureau released the statistics points of AIPCIN for the months of July and August and today the third step is going to be completed.

The additional dearness allowance percentage from January 2016 will be calculated based on the AICPIN points for the six months starting from July 2015 upto December 2015. The dearness allowance to be issued in the month of January 2016 will be added to the salary drawn by the employee based on the recommendations of the 6th Pay Commission. Only after this will the recommendations of the 7th Pay Commission take effect.

Source: 90paisa.org

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Expected DA January 2016 completes its second step – AICPIN for August 2015

‘Expected DA January 2016’ completes its second step – AICPIN for August 2015

All India Consumer Price Index for the month of August 2015 release by the Labour Bureau today…

No.5/1/2015 – CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

CLEREMONT, SHIMLA-171004
DATED : 30th September, 2015

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – August, 2015

The All-India CPI-IW for August, 2015 increased by 1 point and pegged at 264 (two hundred and sixty four). On 1-month percentage change, it increased by (+) 0.38 per cent between July, 2015 and August, 2015 when compared with the increase of (+) 0.40 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.57 percentage points to the total change. At item level, Arhar Dal, Masur Dal, Groundnut Oil, Mustard Oil, Beef, Milk, Onion, Garlic, Brinjal, Parval, Peas, Coconut, Tea (Readymade), Electricity Charges, Barber Charges, etc. are responsible for the increase in index. However, this increase was restricted by Rice, Wheat, Wheat Atta, Fish Fresh, Poultry (Chicken), French Beans, Potato, Tomato, Cooking Gas, Petrol, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 4.35 per cent for August, 2015 as compared to 4.37 per cent for the previous month and 6.75 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 3.55 per cent against 3.21 per cent of the previous month and 7.63 per cent during the corresponding month of the previous year.

At centre level, Jharia reported the highest increase of 9 points followed by Ludhiana (7 points), Kodarma and Labac Silchar (6 points each). Among others, 5 points in 6 centres, 4 points in 11 centres, 3 points in 7 centres, 2 points in 17 centres and 1 point in 15 centres. On the contrary, Goa centre recorded a maximum decrease of 4 points followed by Mundakayam and Ernakulam 3 points each. Among others, 2 points decrease was observed in Quilon centre and 1 point in 4 centres. Rest of the 10 centres’ indices remained stationary.

The indices of 36 centres are above All India Index and other 42 centres’ indices are below national average.

The next index of CPI-IW for the month of September, 2015 will be released on Friday, 30th October, 2015. The same will also be available on the office website www.labourbureau.gov.in.

sd/-
(I.S.NEGI)
DEPUTY DIRECTOR GENERAL

Authoirty: Labour Bureau

Click to view the press release in Hindi

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AICPIN for the month of July 2015 – ‘Expected DA from January 2016’ begins

AICPIN for the month of July 2015 – ‘Expected DA from January 2016’ begins 

 

2 Points increased and pegged at 263.

 

As per the press release of Labour Bureau today, the All India Consumer Price Index (IW) is increased by two points from the existing level and stands at 263.

 

The CPI-IW for the month of August, 2015 will be released on 30st September, 2015.

Be the first to comment - What do you think?  Posted by admin - August 31, 2015 at 5:30 pm

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2015 July’s AICPIN Points to be Released Today

2015 July’s AICPIN Points to be Released Today

2015 July’s AICPIN points to be published today by the Labour Bureau

“The final calculations for the Dearness Allowance based on the 6th Pay Commission recommendations are all set to begin. The fluctuation in the prices of essential commodities will be taken into account for this calculation.”

Calculations for the additional Dearness Allowance to be issued for Central Government employees and retired employees in the month of January 2016, begins with the AICPIN points of July 2015, which will be released today.

The dearness allowance percentage for January 2016 will be calculated based on the AICPIN points of the six months starting from July 2015, up to December 2015.

The dearness allowance to be issued in the month of January 2016 will be added to the salary drawn by the employee based on the recommendations of the 6th Pay Commission. Only after this will the recommendations of the 7th Pay Commission take effect.

Central Government employees and pensioners are getting right now 113% of their basic pay as DA. And an additional dearness allowance from 1.7.2015 is almost finalized to hike by 6%. So, the total DA will become as 119%. And now, last and second additional DA for this year with effect from 1.1.2016 begins with the latest AICPIN points for the month of July 2015.

Be the first to comment - What do you think?  Posted by admin - at 4:29 pm

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Press Release: Consumer Price Index for Industrial Workers (CPI-IW) – May, 2015

Consumer Price Index for Industrial Workers (CPI-IW) – May, 2015

No. 5/1/2015- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004
DATED: 30th June, 2015

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – May, 2015

The All-India CPI-IW for May, 2015 increased by 2 points and pegged at 258 (two hundred and fifty eight). On I-month percentage change, it increased by (+) 0.78 per cent between April, 2015 and May, 2015 when compared with the increase of(+) 0.83 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) I. 96 percentage points to the total change. At item level, Rice, Arhar Dal, Gram Dal, Masur Dal, Moong Dal, Urd Dal, Groundnut Oil, Mustard Oil, Fish Fresh, Goat Meat, Poultry (Chicken), Onion, Vegetable items, Electricity Charges, Petrol, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted by Wheat, Wheat Atta, Gourd, Torai, Lady’s Finger, Mango, Sugar, Bus Fare, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 5.74 per cent for May, 2015 as compared to 5.79 per cent for the previous month and 7.02 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.99 per cent against 5.68 per cent of the previous month and 7.66 per cent during the corresponding month of the previous year.

At centre level, Mercara, Bokaro, Coonoor, Belgaum and Madurai reported the highest increase of 8 points each followed by Tiruchirapally (7 points). Among others, 6 points increase was observed in 4 centres, 5 points in 5 centres, 4 points in 12 centres, 3 points in 9 centres, 2 points in 10 centres and 1 point in 15 centres. On the contrary, Srinagar and Rangapara Tezpur centres recorded a maximum decrease of 3 points each followed by Darjeeling (2 points). Among others, 1 point decrease was observed in 4 centres. Rest of the 10 centres’ indices remained stationary.
The indices of 37 centres are above All India Index and other 40 centres indices are below national average. The index of Tiruchirapally is at par with all-India index.
The next index of CPI-IW for the month of June, 2015 will be released on Friday, 31st July, 2015. The same will also be available on the office website www.labourbureau.gov.in.

(S.S.NEGI)
DEPUTY DIRECTOR GENERAL

Source: labourbureau.nic.in

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AICPIN for the month of May 2015 – 2 Points increased from 256 to 258

AICPIN for the month of May 2015 – 2 Points increased from 256 to 258

AICPIN for the month of May 2015

According to the press release of Labour Bureau, the All-India CPI-IW for May, 2015 increased by 2 points and pegged at 258 (two hundred and fifty eight).

Click to view the official press release issued by Labour Bureau

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Expected DA July 2015 to be finalized – May 2015 AICPIN to be announced today

‘Expected DA July 2015’ to be finalized – May 2015 AICPIN to be announced today

‘DA from July 2015’ will most likely be finalized today; DA calculation stands at nearly 6%, as of now.

The price of petrol and diesel is one of the most important factors that influence the prices of general commodities. Petrol and diesel prices had increased by 10 to 15% in the month of May. Experts believe that it will have a huge impact on the prices of essential commodities too.

The Labour Bureau calculates the AICPIN points based on the prices of essential commodities at 78 select towns and cities from all over the country. The Consumer Price Index for Industrial Workers (CPI-IW) is an important statistical/economic indicator. It was first introduced on scientific lines with base 1960=100 which was based on the results of Family Living Survey conducted in 1958-59 at 50 industrially important centres. The series was then, updated on base 1982=100 and a revision in 1999-2000 has further updated the base on 2001=100.

The CPI (IW) Base Year 2001=100 index points for the month of May will be announced today. Based on today’s announcement, one can calculate, the Dearness Allowance that will be given from July onwards.

Source: www.cgstaffportal.in

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AICPIN points for the month of May to be announced Tomorrow

AICPIN points for the month of May to be announced Tomorrow

“The Ministry of Labour will announce the ‘All India Consumer Price Index for Industrial Workers’ for the month of May, tomorrow; AICPIN indicates the rise and fall of prices of essential commodities across important towns and cities in the country”.

After significant changes in the Agricultural and Rural AICPIN points in the month of May, there is tremendous curiosity regarding the AICPIN points for the industrial workers. The index of Agricultural and Rural AICPIN had increased by 6 and 7 points to 811 and 816 respectively.

CPI (IW) BY 2001=100 points indicate the fluctuation of prices of essential commodities. If the CPI (IW) points increase, it leads to an increase in the percentage of additional Dearness Allowance for Central Government employees and Pensioners.

If the AICPIN for the month of May increases by 4 points, then the Dearness Allowance for July could be higher by 7%. In other words, from 113%, it could go up to 120%.

The AICPIN points of each month are calculated on the basis of the fluctuations in the prices of 24 commodities, including rice and wheat, in 78 selected cities and towns. The CPI (IW) BY 2001=100 of this month is released towards the end of the following month.

The present method of calculation was recommended by the 6th Central Pay Commission. From 01.01.2016 onwards, it will be calculated based on the recommendations of the 7th Central Pay Commission.

Source: www.cgstaffnews.in

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Dearness Allowance: Centre to survey spending patters of working class to finalise CPI numbers

Dearness Allowance: Centre to survey spending patters of working class to finalise CPI numbers.

Centre to survey spending patterns of working class

In a bid to understand the spending patterns and living conditions of working class, the Centre has decided to conduct a survey of workers’ family income and expenditure.

The survey, which will be conducted by the National Sample Survey Organisation, a Government of India body, will be used to finalise consumer price index (CPI) numbers for the working class. The CPI is the base for deciding dearness allowances (DA) of the working class.

“The Working Class Family Income and Exemption Survey-2015 will cover workers engaged in seven organised sectors of employment-registered factories, mines, plantations, ports & docks, public motor transport undertakings, electricity generating and distributing establishments, and railways,” an official from NSSO told Deccan Herald.

The survey will be conducted in 88 centres spreading across 28 states and union territories including Delhi, Karnataka, Andhra Pradesh and Uttar Pradesh. The survey will be conducted in eight places in Karnataka — Bengaluru, Belagavi, Chikkamagaluru, Davangere-Harihar, Hubballi-Dharwad, Kodagu, Mysuru and Mangaluru.

Read more at: Deccan Herald

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AICPIN for the month of April 2015

AICPIN for the month of April 2015

No. 5/1/2015- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
`CLEREMONT’, SHIMLA-171004

DATED : 29th May, 2015

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – April, 2015

The All-India CPI-IW for April, 2015 increased by 2 points and pegged at 256 (two hundred and fifty six). On 1-month percentage change, it increased by (+) 0.79 per cent between March, 2015 and April, 2015 when compared with the increase of (+) 1.26 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.24 percentage points to the total change. At item level, Rice, Arhar Dal, Gram Dal, Urd Dal, Fish Fresh, Goat Meat, Poultry (Chicken), Milk (Buffalo & Cow), Vegetable & Fruit items, Tea (Readymade), Snack (Sweet & Saltish), Country Liquor, Electricity Charges, Doctor’s Fee, Private Tuition Fee, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted by Eggs (Hen), Onion, Chillies Green, Sugar, Petrol, Flower/Flower Garlands, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 5.79 per cent for April, 2015 as compared to 6.28 per cent for the previous month and 7.08 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.68 per cent against 6.98 per cent of the previous month and 7.76 per cent during the corresponding month of the previous year.

At centre level, Srinagar reported the highest increase of 9 points followed by Bhilai (5 points). Among others, 4 points increase was observed in 14 centres, 3 points in 9 centres, 2 points in 14 centres and 1 point in 18 centres. On the contrary, Giridih centre recorded a maximum decrease of 6 points followed by Guntur (3 points) and Ranchi-Hatia and Godavarikhani (2 points each). Among others, 1 point decrease was observed in 8 centres. Rest of the 9 centres’ indices remained stationary.

The indices of 36 centres are above All India Index and other 42 centres’ indices are below national average.

The next index of CPI-IW for the month of May, 2015 will be released on Tuesday, 30th June, 2015. The same will also be available on the office website www.labourbureau.gov.in.

sd/-
(S.S.NEGI)
Director

Source: http://www.labourbureau.gov.in/Press%20Note%20English%20Apr%202015.pdf

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NFIR View on Expected DA from July 2015

NFIR View on Expected DA from July 2015

‘National Federation of Indian Railwaymen’ – NFIR circulated to its all affiliated unions regarding the ‘Expected DA from July 2015′ after the announcement of AICPIN for the month of March 2015 yesterday by the Labour Bureau. It is expected that the additional dearness allowance is likely to be 118% of pay from July 2015. The letter is reproduced and given below for your information…

EXPECTED DEARNESS ALLOWANCE FROM 01st July 2015

NFIR
National Federation of Indian Railwaymen
3. CHELMSFORD ROAD, NEW DELHI – 110 055

No.1/5(A)Part.1

Dated: 01/05/2015

The General Secretaries of Affiliated Unions of NFIR

Dear Brother,

Sub: Dearness Allowance with effect from 01.07.2015 – reg.

The All India Consumer Price Index for March 2015 was 254 and if it remains as it is for next three (3) months or if it rises to 256, the average is expected to be 253. Consequently, the Dearness Allowance increase is likely to be 118% of pay from July 2015.

The above is for information of affiliates. You are aware that the Government normally announces D.A. revision in September, to be given effect from July.

Yours fraternally,
sd/-
(Dr. M. Raghavaiah)
General Secretary

Source: NFIR

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Annual rate of inflation based on monthly WPI stood at 2.33% for March 2015

Annual rate of inflation based on monthly WPI stood at 2.33% for March 2015

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month of March, 2015 rose by 0.2 percent to 176.1 (provisional) from 175.8 (provisional) for the previous month.

INFLATION
The annual rate of inflation, based on monthly WPI, stood at -2.33% (provisional) for the month of March, 2015 (over March, 2014) as compared to -2.06% (provisional) for the previous month and 6.00% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was -2.33% compared to a build up rate of 6.00% in the corresponding period of the previous year.

Be the first to comment - What do you think?  Posted by admin - April 15, 2015 at 5:49 pm

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Expected DA From July 2015 – AICPIN for the month of Feb 2015

Expected DA From July 2015 – AICPIN for the month of Feb 2015

 

The Labour Bureau just now released the index of CPI(IW) for Industrial Workers for the month of February 2015.

 

According to the press release, the index is decreased by one point and pegged at 253.

No.5/1/2015- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

`CLEREMONT, SHIMLA-171004
DATED: the 31st March, 2015

Press Release

 

Consumer Price Index for Industrial Workers (CPI-IW) – February, 2015

 

The All-India CPI-IW for February, 2015 decreased by 1 point and pegged at 253 (two hundred and fifty three). On 1-month percentage change, it decreased by (-) 0.39 per cent between January, 2015 and February, 2015 when compared with the increase of (+) 0.42 per cent between the same two months a year ago.

 

The maximum downward pressure to the change in current index came from Food group contributing (-) 0.66 percentage points to the total change. At item level, Rice, Eggs (Hen), Fish Fresh, Onion, Vegetable items, Sugar, Petrol, Flower/Flower Garlands, etc. are responsible for the decrease in index. However, this decrease was neutralised by Wheat, Wheat Atta, Arhar Dal, Groundnut Oil, Goat Meat, Tea (Readymade), etc., putting upward pressure on the index.

 

The year-on-year inflation measured by monthly CPI-IW stood at 6.30 per cent for February, 2015 as compared to 7.17 per cent for the previous month and 6.73 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.42 per cent against 7.81 per cent of the previous month and 7.56 per cent during the corresponding month of the previous year.

 

At centre level, Tiruchirapally recorded the highest decline of 7 points followed by Guntur (4 points), Mysore, Chhindwara Siliguri and Puducherry (3 Points each) Among others, 2 points decrease was observed in 15 centres and 1 point in 18 centres. On the contrary, Belgaum and Kodarma centres reported a highest increase of 3 points each followed by Kanpur, Bokaro and Doom-Dooma Tinsukia (2 points each). Among others 1 point increase was observed in 13 centres. Rest of the 21 centres’ indices remained stationary.

 

The indices of 37 centres are above All India Index and other 40 centres’ indices are below national average. The index of Vishakhapathnam centre remained at par with all-India index.

 

The next index of CPI-IW for the month of March, 2015 will be released on Thursday, 30th April, 2015. The same will also be available on the office website www.labourbureau.gov.in.

 

sd/-
(S.S.NEGI)
DIRECTOR

 Source: http://labourbureau.nic.in/press%20note%20eng%20feb%202015.pdf

Be the first to comment - What do you think?  Posted by admin - March 31, 2015 at 4:54 pm

Categories: Dearness Allowance, Employees News, General news, Latest News   Tags: , , , ,

AICPIN for Feb 2015 – Labour Bureau Publishes today

AICPIN for Feb 2015 – Labour Bureau Publishes today

One of the important nodal department of Central Government, the Labour Bureau is today releasing the statistics of consumer price index for the month of February 2015.

This index particularly used for the calculation of Dearness Allowance in respect of Central Government employees and Pensioners.

The Consumer Price Index for Industrial Workers (CPI-IW) is an important statistical/economic indicator. It was first introduced on scientific lines with base 1960=100 which was based on the results of Family Living Survey conducted in 1958-59 at 50 industrially important centres.

The series was then, updated on base 1982=100 and a revision in 1999-2000 has further updated the base on 2001=100. The current series of CPI-IW with base year 2001=100 covers 78 industrially important centers spread across the country.

Tags: AICPIN for Feb 2015, Expected DA, Additional DA, AICPIN, Merger of DA, Central Government Employees News, Labour Bureau

Be the first to comment - What do you think?  Posted by admin - at 4:46 pm

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EXPECTED DA FROM JULY 2015: Central Government Employees News

EXPECTED DA FROM JULY 2015

We can compare the AICPIN values of the past twelve months and calculate the Dearness Allowance for July 2015 for the Central Government Employees and for pensioners

The AICPIN value for Jan 2015 has been released and it stands at 254. For the past five months, the AICPIN value has remained constant at 253.(Aug to Dec) Now, it has risen by a point and stands as 254.

If the AICPIN rises by 1 point each month in the coming five months, then the DA for July 2015 shall be 6 %. If the AICPIN rises few month 2 points other month 1 points, then in July 2015, we can expect to get a raised DA of 7 %.

The DA that we are about to receive may be the last one that we will get during the 6th CPC period (i.e. during the past 10 years). This is because from Jan 2016, the 7th CPC is expected to be put in to effect,then 7th CPC DA will be continue.

Table 1

Month-Year B.Y. 2001=100 Total of 12 Months 12 Months Average % Increase over 115.763 App. DA DA %
Jan-15 254 2980 248.33 132.57 114.52
Feb-15 255* 2997 249.75 133.99 115.74
Mar-15 256* 3014 251.17 135.4 116.97
April-15 257* 3029 252.42 136.65 118.05
May-15 258* 3043 253.58 137.82 119.05
Jun-15 259* 3056 254.67 138.9 119.99 119

Note *Expected value Aicpin

Table 2

Month-Year B.Y. 2001=100 Total of 12 Months 12 Months Average % Increase over 115.763 App. DA DA %
Jan-15 254 2980 248.33 132.57 114.52
Feb-15 255* 2997 249.75 133.99 115.74
Mar-15 256* 3014 251.17 135.4 116.97
April-15 258* 3030 252.5 136.74 118.12
May-15 260* 3046 253.83 138.07 119.27
Jun-15 262* 3062 255.17 139.4 120.42 120

Note * Expected value Aicpin

source-http://www.geod.in/aicpin/expected-da-from-july-2015/

Be the first to comment - What do you think?  Posted by admin - March 5, 2015 at 10:26 am

Categories: 6CPC, 7CPC, AICPIN, Dearness Allowance, Employees News, Expected DA, General news, Latest News   Tags: , , , , , ,

AICPIN for Jan 2015 : CPI-IW Base Year 2001=100 for the month of January 2015 released by Labour Bureau

AICPIN for Jan 2015 : CPI-IW Base Year 2001=100 for the month of January 2015 released by Labour Bureau

One of the most expected statistics amongst Central Govt employees and Pensioners for the purpose of additional Dearness Allowance calculation has been released by Labour Bureau today on its official portal.

The index of CPI-IW for the month of January 2015 is increased by one point and stands at 254. After a long time, the index is moved from the existing point of 253.

All India Consumer Price Index for the month of Jan 2015 is used for the first step of additional dearness allowance calculation which will be effect from July 2015 to all Central Govt employees and Pensioners.

Central Govt employees

Be the first to comment - What do you think?  Posted by admin - February 28, 2015 at 2:30 am

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