JULY DA WILL BE 10% The Labour Bureau Government of India has today released the All-India Cconsumer Price Index for industrial workers (CPI-IW) for the month of June 2013. The index now stands at 231 up by three points from the previous month. The retail inflation for factory workers increased by 1.32 per cent between May and June this year compared with 0.97 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 2.98 percentage points to the total change. With this all the 12 indices are available for the calculation for the Dearness Allowance for the Central Government Employees. Based on the calculation, it can be seen that the DA from the month of July 203 will be 90% - a hike of 10% 10% DA hike Even if the figures for the DA is calculated based on the AI CPI-IW indices, the hike in the dearness allowance will be announced only after the cabinet approval. This likely to happen in the month of September. Keeping in mind the upcoming state and lok sabha elections, we can expect that the government will announce the hike in time as a populist move.
Posted on: Thu, 01 Aug 2013 16:51:52 +0000
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