Friday, November 16, 2012

Expected DA upto 81% from January, 2013 on September, 2012 AICPI-IW index


Expected DA upto 81% from January, 2013 on September, 2012 AICPI-IW index

Expectation of future Dearness Allowance from January, 2013 on the basis of 2 points jump in CPI-IW for the month of August, 2012 and 1 point jump in September, 2012 giving expectation for DA  80% or more from January 2013.

All India Consumer Price Index Number [http://labourbureau.nic.in/indtab.html] for Industrial Workers (CPI-IW) on base 2001=100 for September, 2012 showing increase in 1 point and stood at 215 (Two hundred and fifteen).

Expectation-1
If we expect only 1 point increase in this index for every month the Dearness Allowance for Central Government Employee will touch 80% in January, 2013.  In view of increased LPG & Diesel price etc. we expect more monthly increase in Index and similarly in future DA.  Please go through the following calculation:-

Expected Dearness Allowance DA for Jan, 2013 calculated as under:

Dearness Allowance = (Avg of AICPI for the past 12 months - 115.76)*100/115.76

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