Expected DA from July 2014 - Looks like the curiosity surrounding the expected DA is fast receding

Expected DA from Jul 14 - Looks like the curiosity surrounding the expected DA is fast receding..!

One of the possible reasons for the dampening interest could be the fact that unlike last time, there is not going to be a DA hike. Although it is very well known that the hike is based on price rise and inflation, it probably feels to them as if something was lost.

This time there is no double-digit increase. It is only going to be a single-digit hike.

At the most, one can expect an increase of 7%. That too is not for sure. All that depends on the soon-to-be announced AICPIN points for balance months.

After announcing the second additional DA for the year 2014, there are only two instalments left. With the instalments of January 2015 and July 2015, the 6^th CPC comes to a close.

The next additional DA will be based on the 7^th CPC.

Additional Dearness Allowance formula could be changed in the 7^th CPC. They could announce a new Base Year. There could also be a change in the 115.76 yardstick. Nothing can be said for certain this time.

There is already a proposal to change the Labour Bureau Base Year from ‘CPI-IW 2001=100’ to ‘CPI-IW 2015 =100’.  The current series of CPI-IW with base 2001=100 was constructed on the basis of employment data in seven sectors namely, Registered Factories, Mining, Plantations, Ports & Docks, Public Motor Transport, Electricity Generation & Distribution Establishments and Railways sector. The current series comprises of a basket of about 370 items and 289 price collection markets spread across 78 centres of the country.

The new series of CPI-IW will cover 7 sectors and 88 cities in 27 states have been selected for the new recommendation of CPI-IW (2015-100). It is worth mentioning that a special Standing Tripartite Committee (STC) under the chaired by Prof. G.K. Chadda has been created in this regard.

DA Table for the last one year…

Mon/Year	AICPIN	App. DA	DA	DA Hike
Dec-12	219	80.83	80	8
Jan-13	221	82.49	82
Feb-13	223	84.22	84
Mar-13	224	85.87	85
Apr-13	226	87.38	87
May-13	228	88.97	88
Jun-13	231	90.62	90	10
Jul-13	235	92.28	92
Aug-13	237	93.93	93
Sep-13	238	95.59	95
Oct-13	241	97.32	97
Nov-13	243	99.12	99
Dec-13	239	100.56	100	10

Source:http://www.employeesnews.in/2014/04/expected-da-from-july-2014-looks-like.html

Expected Dearness Allowance for July 2014 : AICPIN for the Month of February 2014.

No. 5/1/2014-CPI

GOVERNMENT OF INDIA

MINISTRY OF LABOUR & EMPLOYMENT

LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004

DATED: the 31st March, 2014

Press Release

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

The All-India CPI-IW for February, 2014 increased by 1 point and pegged at 238 (two hundred and thirty eight). On 1-month percentage change, it increased by 0.42 per cent between January, 2014 and February, 2014 when compared with the rise of 0.90 per cent between the same two months a year ago.

The largest upward pressure to the change in current index came from Miscellaneous group contributing 0.34 percentage points to the total change. At item level, Rice, Wheat, Moong Dal, Fish Fresh, Goat Meat, Milk (Cow & Buffalo), Pure Ghee, Medicine, Barber Charges, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Arhar Dal, Groundnut Oil, Onion, Vegetable & Fruit items, Sugar, etc. putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 6.73 per cent for February, 2014 as compared to 7.24 per cent for the previous month and 12.06 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.56 per cent against 8.94 per cent of the previous month and 14.98 per cent during the corresponding month of the previous year.

At centre level, Quilon recorded the highest increase of 9 points followed by Tiruchirapally & Conoor (6 points each) and Lucknow (5 points). Among others, 4 points rise was registered in 3 centres, 3 points in 2 centres, 2 points in 8 centres and 1 point in 10 centres. On the contrary, Chhindwara reported a decline of 5 points followed by Rourkela & Ajmer (4 points each), 3 points decline was observed in 6 centres, 2 points in 10 centres and 1 point in 12 centres. Rest of the 20' 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 March, 2014 will be released on Wednesday, 30 April, 2014. 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_IW_FEB2014.pdf

Expected DA for July 2014 : AICPIN for the Month of January 2014.

AICPIN for Industrial Worker for the Month of January 2014

Consumer Price Index Numbers For Industrial Workers (CPI-IW) 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). On 1-month percentage change, it decreased by 0.84 per cent between December and January compared with the rise of 0.91 per cent between the same two months a year ago.

The largest downward pressure to the change in current index came from Food group contributing -2.78 percentage points to the total change. At item level, Groundnut Oil, Onion, Brinjal Cabbage, Carrot, Gourd, Palak, Peas, Potato, Tomato and other Vegetable items, Sugar etc. are responsible for the decrease in index. However, this was compensated to some extent by Housing Index and the prices of Rice, Wheat, Fish Fresh, Goat Meat, Poultry, Cooking Gas, Electricity Charges, Petrol etc. putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 7.24 per cent for January, 2014, as compared to 9.13 per cent for the previous month and 11.62 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 8.94 per cent against 11.49 per cent of the previous month and 14.08 per cent during the corresponding month of the previous year.

At centre level, Bhilwara recorded the highest decline of 8 points each followed by Kodarma (7 Points), Bokaro and Surat (6 Points each), Varanasi and Munger Jamalpur (5 Points each). Among others, 4 points decrease was registered in 8 centres, 3 points in 13 centres, 2 points in 12 centres and 1points in 9 centres. On the contrary, Amritsar and Quilon centres reported an increase of 4 points followed by Jharia (3 points). Among others, 2 points increase was observed in 6 centres and 1 point in 7 centres. Rest of the 14 centres’ indices remained stationary.

The indices of 38 centres are above All-India Index and other 39 centres’ indices are below national average. The index of Bhilwara centre remained at par with all-India index.

The next index of CPI-IW for the month of February, 2014 will be released on Monday, 31 March, 2014. The same will also be available on the office website www.labourbureau.gov.in.

Source: PIB