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Showing posts with the label DA Formula Rectification

DA ARREARS CALCULATOR

DA ARREARS CALCULATOR FINANCE MINISTRY DA ORDER JAN 2014 -WHEN IT WILL COME-DA ARREARS CALCULATOR FINANCE MINISTRY DA ORDER JAN 2014 -WHEN IT WILL COME No one can deny the fact that DA is a very important allowance as of now. This applies to both state and central government employees. On the 28th of February 2014, 10 % DA increase was approved by the cabinet and then the announcement about the same came out. In the past, mostly, this announcement and the Finance Ministry order have come out in the month of March. Hardly, has this ever changed so far. So the finance ministry order on DA is expected to come soon.

Expected DA from July 2013

Expected Dearness Allowance from July 2013 We can assume by calculating method with AICPIN, the next additional Dearness allowance from July 2013 to Central Government employees and pensioners may be 10%. Although the expectations are high in the percentage, the index numbers of All India Consumer Price for balance months of April, May and June can only the deciding factor for the second installment for this year. The magic numbers of AICPIN for the last three months are yet to be published by Labour bureau. If the index number for balance of three months will just increase one point from the existing level, the calculation will bring an another ten percent from July 2013 and the total dearness allowance will be enhanced from 80% to 90%. This is second time for CG Employees and pensioners to get ten percent in Dearness allowance and Dearness relief, certainly it helps to balance the huge price hike in essential commodities. Source: http://centralgovernmentstaffnews.blogspot.in/201...

DA Formula Rectification & Revision of Wages

DA Formula Rectification & Revision of Wages Price rise in last six years is 152%. Total increase in Consumer Price Index is 90 points. Total DA due is 70 % as 1/6/12 The  Confederation has  prepared a comparative chart of the price of 14 commodities, which go into the computation of minimum wage.  for more details see Confederation web sitehttp://confederationhq.blogspot.in/ Placed there-under is the computation of the Minimum wage on the basis of the prices of the requisite articles as in January, 2012.  It could be seen there-from that while the prices on an average registered an increase of 152% the DA compensation had only been 65%. This fact may kindly be used to bring home the necessity of revision of wages immediately.  .CLICK here for more information. The prices of the commonly used items of the common man  has risen from 100% to 250% from last six years, where as the  Consumer Price Index  numbers has risen only by 90 points in last...