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Showing posts with the label Expected DA for CG Staff

Expected DA - Status, as of March 2014

Expected Dearness Allowance from July 2014 for Central Govt Employees and Pensioners... Expected DA- Status, as of March 2014 Expected Dearness Allowance from July 2014 : This time there is a considerable slackening in the pace of the expected DA. It looks as if there are plenty of reasons for it. As of March, the AICPIN has increased by one point and is at 239. The rapid increase in Consumer Price Index (IW) has been brought under control now. Election is believed to be one of the reasons for it. Since price rise and inflation are under control, there is not much of an increase in All India Consumer Price Index for Industrial Workers. With a fall in the prices of essential commodities, the AICPIN points have actually reduced.

EXPECTED DA FROM JULY 2014 CALCULATOR

EXPECTED DA FROM JULY 2014 CALCULATOR We have been waiting eagerly for the announcement of 50% DA merger and interim relief for quite some time now, but still no announcement about it has come out! This is really disappointing. As you know, we got the 50% DA merger(5th paycommission) and interim relief(2nd to 4th paycommission) in the last pay commission to compensate for the increased commodity prices and economic burden. So our present expectation cannot be unreasonable. We only get our DA to manage the price rise of essential commodities. As of now it has reached 100% raise and some allowances are expected to rise only by 25%. When this is the case, calculating the DA rise in the coming July 2014 is somewhat difficult. As of now, the announcement of only one month’s AICPIN has come out. In the coming five months, we will get a complete picture of the AICPIN value. Only after that we can calculate the DA rise accurately.

AICPIN for the month of December 2013

AICPIN for the month of December 2013 Consumer Price Index Numbers for Industrial Workers (CPI-IW) December 2013 According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for December, 2013 declined by 4 points and pegged at 239(two hundred and thirty nine). On 1-month percentage change, it decreased by 1.65 per cent between November and December compared with the rise of 0.46 per cent between the same two months a year ago. The largest downward pressure to the change in current index came from Food group contributing -4.96 percentage points to the total change. At item level, Onion, Ginger, Chillies Green, Brinjal, Cauliflower, Cabbage, Peas, Tomato, Potato and other Vegetable items, Sugar etc. are responsible for the decrease in index. However, this was compensated to some extent by Fish Fresh, Eggs, Hen, Poultry, Milk, Pure Ghee, Garlic, Firewood, ESI Contribution, etc. putting upward pressure on the index.  ...

Expected AICPIN for December 2013 - Expected DA Jan 2014

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Expected AICPIN for December 2013 - Expected DA Jan 2014 'Expected DA from Jan 2014' will be an end and the last and final calculation is waiting for CPI(IW) December 2013. Consumer Price Index(IW) for the month of December 2013 will be announced today or tomorrow by the Labour Bureau. All we know that AICPIN is the magic number for the calculation of Dearness allowance. Especially, this is the last factor to decided for the purpose of additional Dearness allowance to CG Employees and Pensioners from January 2014. CPI(IW) Base Year 2001=100, if possible the index move from the existing level of 243 to 246 then the additional DA from Jan 2014 will be fixed at 11%. But, the chances are very less.

Expected DA from Jan 2014 - Additional DA from Jan 2014 likely to hike by 11%

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Expected DA from Jan 2014 - Additional DA from Jan 2014 likely to hike by 11% The one more and another additional Dearness allowance to Central Government employees and Pensioners from Jan 2014 will be announced in the middle of March 2014. This is too early and predict the enhancement in percentage of Dearness allowance with effect from January 2014. The prediction and announcement of this hike make us cool, that the additional DA will jump to 101% and another word, an additional DA would be 11%. But, still we have to wait for one more month, that the magic number of AICPIN would be increased by 3% and more..! From the existing level of the AICPIN is now 243, if it becomes 246 in end of December 2013, out prediction will be right…or otherwise certainly we would cross century in total Dearness allowance… The table describes the prediction of additional DA from Jan 2014… Source : www.7thpaycommissionnews.in [http://7thpaycommissionnews.in/expected-da-from-jan-2014-additional-da-from-jan...

Expected DA from Jan 2014 - Additional DA from Jan 2014 likely to hike by 11%

Expected DA from Jan 2014 - Additional DA from Jan 2014 likely to hike by 11%  The one more and another additional Dearness allowance to Central Government employees and Pensioners from Jan 2014 will be announced in the middle of March 2014. This is too early and predict the enhancement in percentage of Dearness allowance with effect from January 2014. The prediction and announcement of this hike make us cool, that the additional DA will jump to 101% and another word, an additional DA would be 11%. But, still we have to wait for one more month, that the magic number of AICPIN would be increased by 3% and more..! From the existing level of the AICPIN is now 243, if it becomes 246 in end of December 2013, out prediction will be right…or otherwise certainly we would cross century in total Dearness allowance… The table describes the prediction of additional DA from Jan 2014… Read more: http://7thpaycommissionnews.in/expected-da-from-jan-2014-additional-da-from-jan-2014-likely-to-hike-b...

Expected DA From Jan 2014 - Possibility Of Increase Of DA By 11% to Central Govt Employees and Pensioners...!

Expected DA From Jan 2014 - Possibility Of Increase Of DA By 11% to Central  Govt Employees and Pensioners...! Expected DA From Jan 2014-Possibility Of Increase Of DA By 11% As per the present state DA has reached 90 %. At this juncture, Central Government Employees are eagerly waiting to know the percentage of increase in the month of Jan 2014. The DA increase in the month of Jan 2014 does have certain importance in it. Because when DA reaches 100%, there is a possibility of increase of certain allowances also simultaneously. As per the recent publication of AICPIN value, DA has reached the height of 93.93 % at present. During the coming four months, if the AICPIN value increases by 1point, there is a possibility of DA reaching the 100 % mark. Likewise, if the average becomes 2point, there is a chance of reaching 101 % as DA. During the ensuing four months, based on the value calculation of AICPIN, it would be possible to calculate DA accurately. Still, there is maximum possib...

Consumer Price index Numbers for Industrial Workers (CPI-IW) August 2013–Official Report of Labour Bureau

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Consumer Price index Numbers for Industrial Workers (CPI-IW) August 2013–Official Report of Labour Bureau Labour Bureau is officially published through PIB today the price index of AICPIN (CPI-IW) for the month of August 2013. According to the price hike of essential commodities, which are indexed in the table of CPI the Consumer Price Index also increased by two points from the existing level of 235. The next index of CPI-IW for the month of September, 2013 will be released on Thursday, 31 October, 2013. Press Information Bureau Government of India Ministry of Labour & Employment 01-October-2013 13:16 IST Consumer Price index Numbers for Industrial Workers (CPI-IW) August 2013 According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for August, 2013 rose by 2 points and pegged at 237 (two hundred and thirty seven). On 1-month percentage change, it increased by 0.85 per cent between July and August compared with 0.9...

Union Cabinet approved additional DA due from 1.7.2013

Union Cabinet approved additional DA due from 1.7.2013 Release of additional installment of dearness allowance to Central Government employees and dearness relief to Pensioners, due from 1.7.2013 The Union Cabinet today approved the proposal to release an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2013, in cash, at the rate of 10 per cent increase over the existing rate of 80 per cent.   Hence, the Central Government employees as well as the pensioners are entitled for DA/DR at the rate of 90 per cent of the basic with effect from 01.07.2013. The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission. The combined impact on the exchequer on account of both dearness allowance and dearness relief would be of the order of Rs. 10879.60 crore per annum and Rs. 7253.10 crore in the financial year 2013-14 ( i.e. for a period of 8...

DA from July 2013 - Union Cabinet may approve 10% additional DA increase to CG Staff and Pensioners...

DA from July 2013 - Union Cabinet may approve 10% additional DA increase to CG Staff and Pensioners... Central Government set to hike DA by 10% ahead of Diwali The Union cabinet will consider the proposal on  raising the dearness allowance to 90% , at its meeting on Friday Ahead of the festive season, the UPA government is set to hike the dearness allowance (DA) of its employees by 10%, a move that will benefit almost 8 million people by boosting their purchasing power. The Union cabinet will consider a proposal on the raising the allowance, which is a proportion of basic pay, at its meeting on Friday. In what can be seen as major sop for a large section of aam aadmi, this will be the second DA hike in a financial year. More importantly, also ahead of the 2014 general elections. The Centre’s decision will not only directly benefit 5 million employees and 3 million pensioners, but also help infuse more money into the economy. Top government sources said the new DA rates would...

Expected DA from Jan 2014 – Rates of Children Education Allowance may be revised again...!

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Expected DA from Jan 2014 – Rates of Children Education Allowance may be revised again...! All Central Govt Employees and Pensioners are expecting to hear the announcement of hike in the Dearness allowance by 10% from July 2013. The Union Cabinet Committee may take the agenda point for approval on DA in the next meeting, which will be held on 19.9.2013 (Thursday). Following the approval on DA, the total DA will go upto 90% and the DA may cross 100% very soon..! As per the recommendations of 6th CPC,  particular allowances will be increased by 25% every time the Dearness allowance payable on revised pay scales goes up by 50%. Therefore, once again the allowances, including Children Education Allowance will be increased by 25%, when the DA crosses 100%. There is a slight confusion in the calculation of 25% in increasing Children Education Allowance from Rs.1000 or Rs.1250. Ofcourse, there is lot of time to discuss and decide the calculation factor..!

High expectations on DA from Jan 2014

High expectations on DA from Jan 2014 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.Expected DA from January 2014. 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 m...

Cabinet Committee on Dearness Allowance

Cabinet Committee on Dearness Allowance : Cabinet Committee may declare Dearness allowance for Central Government employees and Pensioners on tomorrow… As per the Labour Ministry recommendation, the Finance Ministry making arrangements to obtain the approval from the Union Cabinet on the agenda point. The agenda point may be taken for the discussion in the meeting to be held on tomorrow at New Delhi. The additional Dearness allowance of 10% from July 2013 to all CG Staff and Pensioners may be granted to compensate the price hike. The total Dearness allowance will go up to 90%. Meanwhile all the federations of CG Staff are demanding to merge 50% of Dearness allowance with basic pay. Source: www.centralgovernmentemployeesnews.in

10% additional Dearness Allowance to CG Staff and Pensioners - Cabinet will decide in this moth itself..!

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Expected DA Jan 2014 10% Additional Dearness Allowance to CG Staff and Pensioners - Cabinet will decide in this moth itself..! In the month of September, may be in second week, the most anticipated news for more than fifty lakh Central Government employees and thirty lakh Central Government Pensioners, the second installment of additional Dearness allowance with effect from July 2013 would be declared by the Cabinet Committee. As per the calculation recommended in 6th CPC, with the inputs of AICPIN (IW) for 6 months from January to June, to compensate price hike in the essential commodities there should be provided ten percentage of additional Dearness allowance form July 2013. Total Dearness allowance will go up to 90% from July 2013.  More news related to this topic...

Expected Dearness Allowance for the month of July, 2013 : DA Table with AICPIN

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Expected DA from Jan 2014...   Expected Dearness Allowance for the month of July, 2013 : DA Table with AICPIN  The below table describes the calculation of Dearness allowance for Central Government Employees and Pensioners for the month of July 2013 and also we expected the percentage of Dearness allowance will certainly go up to 100 in the month of December 2013. We included in the table, AICPIN points are raised between the months and four points raised in the month of July, accordingly the DA percentage also hiked to 92.28... Month Year CPI-IW Points raised Total  Average App.DA DA Dec 2012 219 1 2512 209.33 80.83 80 Jan 2013 221 3 2535 211.25 82.49 --- Feb 2013 223 2 2559 213.25 84.22 --- Mar 2013 224 1 2582 215.17 85.87 --- Apr 2013 226 2 2603 216.92 87.38 --- May 2013 228 2 2625 218.75 88.97 --- Jun 2013 231 3 2648 220.67 90.62 90 Jul 2013 235 4 2671 222.58 92.28 Aug 2013 Sep 2013 Oct 2013 Nov 2013 Dec 2013 Expected 100

Expected DA from Jan 2014 - AICPIN for the month of July 2013

Expected DA from Jan 2014 - AICPIN for the month of July 2013 Consumer Price Index Numbers for Industrial Workers (CPI-IW) July 2013 According to a press release issued today by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for July, 2013 rose by 4 points and pegged at 235 (two hundred and thirty five). On 1-month percentage change, it increased by 1.73 per cent between June and July compared with 1.92 per cent between the same two months a year ago. The largest upward pressure to the change in current index came from Food group contributing 1.99 percentage points to the total change. At item level, Rice, Fish Fresh, Goat Meat, Milk, Onions, Chillies Green, Potato, Tomato & other Vegetables. Electricity Charges, Firewood, Bus Fare, Petrol, etc. are responsible for the rise in index. However, this was compensated to some extent by Groundnut Oil, Primary and secondary School Fees putting downward pressure on the index. The year-on-year inflation measured...

EXPECTED DA FROM JAN 2014 - TOTAL DA MAY CROSS 100%..!

EXPECTED DA FROM JAN 2014 - TOTAL DA MAY CROSS 100%..! According to the AICPIN for the month of June 2013, the total Dearness allowance for the central government employees and pensioners is very much possible to reach 100%. The All India Consumer Price Index is published by the Labour Bureau yesterday, the index is climbing with steep of four points for the month of June 2013, despite the position to declare for five months to calculate the final figure. This shows clearly the price hike in all essential commodities in all over the country.