Expected DA from January 2014
The rate of Dearness Allowance payable
to central Government Employees is arrived from a prescribed formula. In
which the main component is the Average AICPIN for Industrial Workers
for twelve months prior to every January and July of every year. So it
is quite obvious that everyone wants to know the Consumer Price Index
Numbers for Industrial Workers of every month. So they can calculate the
rate of Dearness Allowance approximately after every six months.
The AICPIN for Industrial workers for
the month of July has been released by Labour Bureau to day. As this is
the seventh month’s AICPIN , we need still five months AICPIN to
calculate the rate of Dearness Allowance to be paid to central
Government Employees from January 2014. But with these 7 months CPI
points, the expected DA from January 2014 can be arrived approximately.
If we look at the increase rate of the
AICPIN for the 12 months starting from January 2012 to December 2012,
the AICPIN for the month of January 2012 was 198 and for the month of
December 2012 was 219. The total increase for the year was 21 points.
For the next twelve months starting from
July 2012 to June 2013, the AICPIN for July 2012 was 212 and June 2013
was 231 and the total increase was 19 points.
So we can expect that for these twelve
months from January 2013 to December 2013 the increase will be more than
20 points. It should be noticed that the AICPIN is increased by 4
points for the month of July 2013. This trend is expected to be
continued as the Rupee is falling against Dollar consistently. It will
have a considerable impact on the prices of basket of essential
commodities and Consumer Price Index too. The month of January has been
started with 221 points, and this July 2013 touched 235 points level. Up
to this month the total increase is 14 points. As this is the seventh
month of these twelve months, the remaining 5 months will have a
increase of 10 to 15 points level. So the total increase for this year
will be of 24 to 29 points. According to this summary the Average AICPIN
for these twelve months will be from 233 points to 234 points.
Taking all the above factors into
consideration, if we apply this in the formula prescribed for
calculating the rate of Dearness Allowance, the answer is as follows:
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