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 6th
CPC comes to a close.
The
next additional DA will be based on the 7th CPC.
Additional
Dearness Allowance formula could be changed in the 7th 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
|
|
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
|