Consumer Price Index For Industrial Workers of Government of
India, Ministry of Labour and Employment has issued a press released on
31th October, 2014 regarding AICPIN for the month of September- 2014 and
that clarify that No Point increased and it stands at same point i.e. 253. Before a months i.e. of July, 2014 the AICPIN increased by 6 points, by these months points it shows that the Addition Dearness Allowance for
Jannuary-2015 is may increased by 6% or 7% i.e. 107% to 113% or 114%.
One such indicator is the monthly Consumer Price Index Numbers (Industrial Workers 2001=100), which is used to calculate the Dearness Allowance for Central Government employees. Prices of 24 essential commodities (from rice to bathing soap) are observed in 78 cities all over the country in order to calculate the average index of CPI(IW).
It is based on these statistics that, once every six months, the Centre announces Dearness Allowance for its employees. Based on the AICPIN(All India Consumer Price Index Numbers) between January and June, and between July and December, the Finance Ministry decides the percentage of hike in Dearness allowance and Dearness Relief according to the recommendations of 6th CPC and informs the Government. The Centre makes its decision after discussing the recommendation during the cabinet meeting.
But, we believe that based on October’s AICPIN points, we can conclude if the next D.A hike is going to be for 6% or 7%.
It is based on these statistics that, once every six months, the Centre announces Dearness Allowance for its employees. Based on the AICPIN(All India Consumer Price Index Numbers) between January and June, and between July and December, the Finance Ministry decides the percentage of hike in Dearness allowance and Dearness Relief according to the recommendations of 6th CPC and informs the Government. The Centre makes its decision after discussing the recommendation during the cabinet meeting.
But, we believe that based on October’s AICPIN points, we can conclude if the next D.A hike is going to be for 6% or 7%.
