Next Additional Dearness Allowance Hike Almost Confirmed at 7%..!

Next Additional Dearness Allowance Hike Almost Confirmed at 7%..!

The Labour Bureau released the AICPIN points for the month of May yesterday. The AICPIN points, which had remained stagnant at 242 has increased by 2 points to touch 244 now. This has led to an increase of the Dearness Allowance for the month of May from 105.02 to 106.17.

With only one month left for the calculation of the second installment of additional Dearness Allowance of the year, one can be almost sure that it would bring a hike of 7%.

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AICPIN for the month of May to be released today

AICPIN for the month of May to be released today

AICPIN(I-W) for the month of May 2014, the data on price rise and inflation, is going to be released today. The twice-a-year Dearness Allowance given to Central Government employees is calculated on the basis of Consumer Price Index for Industrial Workers based on 2001=100.

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AICPIN Points on the Ascent Again..!

AICPIN Points on the Ascent Again!

Previously, it was announced that the AICPIN points for the month of April will be released on the 30th. But the Labour Bureau and PIB didn’t release the statistics of AICPIN on that day. Instead of releasing the detailed information transparently in their official websites, the departments chose to unveil the number with an air of secrecy. We had managed to find the number and had published them. Countless people had benefitted from it (Press Release given below).

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Press Release of AICPIN for the month of April 2014

Press Release of AICPIN for the month of April 2014

Consumer Price Index for Industrial Workers (CPI-IW) – April, 2014

No.5/1/2014-CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

`CLEREMONT’, SHIMLA-171004
DATED: the 30th May, 2014

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – April, 2014

The All-India CPI-IW for April, 2014 increased by 3 points and pegged at 242 (two hundred and forty two). On 1-month percentage change, it increased by 1.26 per cent between March, 2014 and April, 2014 when compared with the rise of 0.89 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, Wheat Atta, Moong Dal, Fish Fresh, Goat Meat, Milk (Buffalo), Vegetables & Fruits, Sugar, Electricity Charges, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Petrol putting downward pressure on the index.

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AICPIN FOR APRIL 2014 – EXPECTED DA JULY 2014 – 4th STEP COMPLETED

AICPIN FOR APRIL 2014 – EXPECTED DA JULY 2014 – 4th STEP COMPLETED

As per the press release of Labour Bureau, All India Consumer Price Index (Industrial workers Base Year 2001=100) for  the month of April, 2014 is increased by three points from 239 to 242.

According to the hike of index for the month of April 14, the Expected DA from July 2014 is also increased by one percent from 3 to 5…

The below table is clearly indicate the movement of AICPIN with increasing Dearness allowance…

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AICPIN for the month of Feb 2014 – Expected DA from July 2014

Expected DA from July 2014 – AICPIN for the month of Feb 2014

According to the press release of Labour Bureau, Consumer Price Index (Industrial Workers) for February 2014 increased by one point and pegged at 238 from the existing level of 237.

The detailed report of the index will be published soon.

Expected DA from July 2014 – AICPIN for the month of January 2014

Expected DA from July 2014 – AICPIN for the month of January 2014

According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for January, 2014 declined by 2 points and pegged at 237(two hundred and thirty Seven).

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