AICPIN for the month of May 2015 – 2 Points increased from 256 to 258
AICPIN for the month of May 2015
According to the press release of Labour Bureau, the All-India CPI-IW for May, 2015 increased by 2 points and pegged at 258 (two hundred and fifty eight).
CLICK TO CALCULATE “EXPECTED DA FROM JULY 2015” WITH OUR SPL. “EXPECTED DA TOOL 2015”
AICPIN points for the month of May to be announced Tomorrow
“The Ministry of Labour will announce the ‘All India Consumer Price Index for Industrial Workers’ for the month of May, tomorrow; AICPIN indicates the rise and fall of prices of essential commodities across important towns and cities in the country”.
After significant changes in the Agricultural and Rural AICPIN points in the month of May, there is tremendous curiosity regarding the AICPIN points for the industrial workers. The index of Agricultural and Rural AICPIN had increased by 6 and 7 points to 811 and 816 respectively. CPI (IW) BY 2001=100 points indicate the fluctuation of prices of essential commodities. If the CPI (IW) points increase, it leads to an increase in the percentage of additional Dearness Allowance for Central Government employees and Pensioners.
At the beginning of 2015, the AICPIN stood at 254 points. After rises and falls, the number now stands at 256. Four months have passed in the second installment of additional Dearness Allowance period of the year. With two more months to go before the next DA becomes due, it has increased by 4.69% and now stands at 117%.
If the AICPIN for the month of May increases by 4 points, then the Dearness Allowance for July could be higher by 7%. In other words, from 113%, it could go up to 120%.
The AICPIN points of each month are calculated on the basis of the fluctuations in the prices of 24 commodities, including rice and wheat, in 78 selected cities and towns. The CPI (IW) BY 2001=100 of this month is released towards the end of the following month.
The present method of calculation was recommended by the 6th Central Pay Commission. From 01.01.2016 onwards, it will be calculated based on the recommendations of the 7th Central Pay Commission.
/This post originally post in this website on 29.6.2015, for more updates join with us on facebook/
Cabinet may approve 6% DA on Thursday
The Union Cabinet approval for the 6% rise in the Dearness Allowance for the Central Government employees is expected to be announced on coming Thursday.
It is a well-known fact that every six months, the Central Government increases the Dearness allowance for its employees during the months of January and July. The increased amount is calculated on the price index (CPI IW BY 2001=100) of essential commodities. Rise in the Dearness allowance is being calculated on the basis of the changes in the prices of the essential commodities during the periods between January and June and the period between July and December.
But, it takes around three months since the release of the price index for the months of June and December to arrive at the calculation for the increase in the Dearness allowance. With the result that the increase due from the month of July is being given only from the month of October and the amount due from January is being given only from the month of April.
And, because of this situation, the amount due for the left-behind period of two months is to be settled as arrears. Practical problems arise in the calculation of the arrears amount and also problem arises in clarifying the doubts of the beneficiaries. Pensioners especially, are more tensed up over this procedure.
To avoid this situation, the price index during the periods from November to April and from May to October can be taken into account and the increase in the Dearness allowance calculated based on the information relevant to these periods. The amount can be disbursed from the months of January and July as per this calculation so that there’s no due as arrears.
We imaginatively tested this method to find out the result. It was found out that there was no tangible change in the increase amount if calculated on the basis of the price index obtained during the months of April and October.
Expected DA From July 2015 – AICPIN for the month of Feb 2015
The Labour Bureau just now released the index of CPI(IW) for Industrial Workers for the month of February 2015.
According to the press release, the index is decreased by one point and pegged at 253.
Expected DA Jan 2015 – Expected AICPIN for Nov 2014
We are talking about an important index for the calculation of Dearness Allowance for Central Government Employees and Pensioners. The index, All Indian Average Consumer Price Index (Industrial Workers) Base Year 2001=100 is calculated and released by labour Bureau every month.
Last date of the every month, the detail of statistics has been published by the Labour Bureau. According to this, month of November 2014 index numbers will be released on 31st Dec 2014.
The index stands now at 253, there is no expectation to climb up. Because not at all change the index of 253 for three months. In coming months, the index may be continue in the down trend, i.e., 252, 251.