Friday, January 31, 2014

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Dearness Allowance from January 2014 will be 100%-NEWS FROM GSERVANTS

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              The rate of Dearness Allowance from January 2014 has been now confirmed by just released AICPIN for the month of December 2013. Labour bureau has released the All India Consumer Price Index Number for Industrial workers for the month of December 2013 in its website www.Labour bureau.nic.in to day. The AICPIN for the month of December is very much required to finalize the percentage of DA to be increased for central government employees from January 2014.

             The CPI for Industrial workers is the only factor to determine the additional installment of DA to be released with effect from 01.01.2014, so we need to know the 12 months average of AICPIN from January 2013 to December 2013 to calculate the percentage of Dearness Allowance to be paid from January 2014. Gservants, in its article published on 30th August 2013, told that the Percentage of DA to be paid from January 2014 will be from 100% to 102% . With 7 months CPI points it was estimated that there would be 10% to 12% Hike from existing rate of 90%. The AICPIN for the month of November 2013 has almost confirmed the above estimate that it will not be less than 100%. Now the December months AICPIN confirmed that the rate of DA to be released from January 2014 will be exactly 100%. Even though there is a decrease in 4 points the rate of DA is 100%. The following table shows how the dearness allowance  has reached 100% level.

DEARNESS ALLOWANCE FROM JANUARY 2014
DEARNESS ALLOWANCE FROM JANUARY 2014
Month
Base Year 2001    =100
Total of 12 Months
Twelve month Avarage
% of Increase Over  115.76 for DA
January 2013
221
2535
211.25
80.83
Febraury 2013
223
2559
213.25
82.49
March 2013
224
2582
215.17
84.22
April 2013
226
2603
216.92
85.88
May 2013
228
2625
218.75
87.39
June 2013
231
2648
220.67
88.97
July 2013
235
2671
222.58
90.62
August 2013
237
2694
224.50
92.28
September 2013
238
2717
226.42
93.94
October 2013
241
2741
228.42
97.32
November 2013
243
2766
230.5
99.11
December 2013
239
 2786 232.16
100.55

Courtesy::http://www.gservants.com/2014/01/31/dearness-allowance-january-2014-will-100/

1 comment:

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