Expected DA from January 2013 will be more than 80%

Expectation of future Dearness Allowance from January, 2013 before formal announcement of DA from July, 2013 is not fair.  But 4 points jump in CPI-IW for the month of July, 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 July, 2012 showing increase in 4 points and stood at 
212 (Two hundred & twelve).  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 draught, petro 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

Month

Base Year 2001 = 100

Total of 12 Months

Twelve monthly Average

% increase over 115.76 for   DA

DA announced or will be announced

Dec-11

197

2298

191.50

65.43%

65%

Jan-12

198

2308

192.33

66.15%

Feb-12

199

2322

193.50

67.16%

72%

Mar-12

201

2338

194.83

68.31%

Apr-12

205

2357

196.42

69.68%

May-12

206

2376

198.00

71.04%

Jun-12

208

2395

199.58

72.41%

Jul-12

212

2414

201.17

73.78%

Aug-12

213

2433

202.75

75.15%

80%

Sep-12

214

2450

204.17

76.37%

Oct-12

215

2467

205.58

77.59%

Nov-12

216

2484

207.00

78.82%

Dec-12

217

2504

208.67

80.26%

Jan-13

Expected DA from January, 2013

 
     
137999 Times Visited