AICPIN of May 2019 and impact on central D.A., wef 01.07.2019 [DA Not less than 4%]

AICPIN of May 2019 and impact on central D.A., wef 01.07.2019

The consumer price index for May 2019 has been increased by 2 points and reached at 314.

We know that Dearness Allowance is calculated on last 12 months’ average of AICPIN No.

We are yet to get the number of June 2019 to calculate it finally. If the index remains at this point (314) for June 2019, D.A. will be 5% from 1st July 2019.

If the index slips even one point in the next month, increase in D.A. will come down to 4%.

But it may be assured that in any case. D.A. will not come down below 4%.

So we have to wait till 31st July 2019 (when the AICPIN data of June 2019 will be published by the labour bureau) to know the exact increase in D.A. ( 4% or 5%) with effect from July 2019.

from Blogger http://www.systempost.in/2019/07/aicpin-of-may-2019-and-impact-on.html

Expected DA from July 2019 – 4% or 5% ?

All India Consumer Price Index Numbers for Industrial Workers – CPI(IW) for April 2019 increased by 3 points and pegged at 312, based on the DA Calculation Sheet the DA as on April 2019 is 15.50%.

Expected DA is 16 % from July 2019 if the CPI is less than 2 points in the next two months, if it raises more than 2 points then DA shall be 17%, i.e. increase of 5 percent.

How to calculate Dearness Allowance

Formula to calculate Dearness Allowance for Central Government Employees after 1.1.2016

DA % = (Average of AICPIN for the past 12 months – 261.4) * 100 / 261.4

Expected DA from July 2019

Now time to find out the Dearness Allowance from July 2019, based on our calculation with the assumption value there are chances to get increase of 4 percent Dearness Allowance from July 2019, but more chances are there to get 5 percent increase in DA, in case of AICPIN value increase more than 2 points in the coming months.

However this is only the prediction, we have to wait until end of July 2019 to find the exact increase in the Dearness Allowance.

from Blogger http://www.systempost.in/2019/06/expected-da-from-july-2019-4-or-5.html

Consumer Price Index and DA Jan 2019

Consumer Price Index for Industrial Workers (CPI-IW) — January, 2019

The All-India CPI-IW for January, 2019 increased steeply by 6 points and pegged at 307 (three hundred and seven). On 1-month percentage change, it increased by (+) 1.99 per cent between December, 2018 and January, 2019 when compared with the increase of (+) 0.70 per cent for the corresponding months of last year.

DA as on 1st February 2019 is 13.40%

from Blogger http://www.systempost.in/2019/03/consumer-price-index-and-da-jan-2019.html

Dearness Allowance / Relief from January 2019 @ 12%: Cabinet Approval 12 प्रतिशत महंगाई भत्ता दिनांक 1 जनवरी 2019 से – कैबिनेट की मंजूरी

Cabinet approves release of an additional instalment of DA to Central Government employees and DR to Pensioners, due from 1.1.2019

Posted On: 19 FEB 2019 9:22PM by PIB Delhi

The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to the release of an additional instalment of Dearness Allowance (DA) to Central Government employees, and Dearness Relief (DR) to pensioners w.e.f. 1.1.2019 representing an increase of 3% over the existing rate of 9% of the Basic Pay/Pension, to compensate for price rise. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission (CPC). The combined impact on the exchequer on account of both DA and DR would be Rs. 9168.12 crore per annum and Rs. 10696.14 crore in the FY 2019-20 (for a period of 14 months from January 2019 to February, 2020).This will benefit about 48.41 lakh Central Government employees and 62.03 lakh pensioners.

AKT/SH

from Blogger http://www.systempost.in/2019/02/dearness-allowance-relief-from-january.html