Thursday, 17 April 2014

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

Expected DA from Jan 2014 - AICPIN for the month of October 2013
Consumer Price Index Numbers for Industrial Workers (CPI-IW) October 2013 
Press Information Bureau 
Government of India
Ministry of Labour & Employment 
29-November-2013 18:49 IST
Consumer Price Index Numbers for Industrial Workers (CPI-IW) October 2013 
According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for October, 2013 rose by 3 points and pegged at 241 (two hundred and forty one). On 1-month percentage change, it increased by 1.26 per cent between September and October compared with 0.93 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 2.53 percentage points to the total change. At item level, Rice, Wheat Atta, Fish Fresh, Goat Meat, Milk (Cow & Buffalo), Pure Ghee, Onion, Vegetable items, Tea Readymade, Electricity Charges, etc.. are responsible for the rise in index. However, this was compensated to some extent by Groundnut Oil, Ginger, Petrol, putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 11.06 per cent for October, 2013 as compared to 10.70 per cent for the previous month and 9.60 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 15.02 per cent against 13.36 per cent of the previous month and 9.91 per cent during the corresponding month of the previous year.
At centre level, Bhavnagar recorded the highest increase of 9 points each followed by Ahmedabad, Labac Silchar and Kodarma (8 points each) and Vadodara and Surat (7 point each). Among others, 6 points rise was registered in 8 centres, 5 points in 10 centres, 4 points in 8 centres, 3 points in 9 centres, 2 points in 10 centres and 1 point in 11 centres. On the contrary, Belgaum and Chhindwada centres reported a decline of 3 points each followed by Mercara (2 points) and Salem, Hubli Dharwar and Puducherry (1 point each). Rest of the 15 centres’ indices remained stationary.
The indices of 39 centres are above All-India Index and other 38 centres’ indices are below national average. 
The next index of CPI-IW for the month of November, 2013 will be released on Tuesday, 31 December, 2013. The same will also be available on the office website www.labourbureau.gov.in. 

Expected IDA Increase From January 2014 for PSU Employees

 Expected IDA Increase From January 2014 for PSU Employees
 The Expected IDA w.e.f. 01-January-2014 may increased by 4.5% to 5.8% i.e upto from 90.0% to 91.3% depends upon the Average All India Consumer Price Index Number (Industrial Worker) of the months September-2013, October-2013 & November-2013.


The  AICPI of the months Sep'13, Oct'13 &Nov'13 will be declared on 31-October-2013 & 29-November-13 &31-December-2013 respectively. The  AICPI of the months Sep'13 & Oct'13 are 238 & 241 as it is declared on 31-October-2013 & 29-November-2013 respectively. Even if there is no increase in AICPI , there will be IDA Increase by 4.5%. The actual IDA will be declared on 31-December-2013.
AICPI of Sep'13: 238

AICPI of Oct'13: 241

Top 10 Projections:

S.N. Expected CPI of Nov'13 Avg. CPI Projected ProjectedIDA (%) Projected IDA Increase (%)
1 240 239.67 89.7 4.2
2 241 240 90 4.5
3 242 240.33 90.2 4.7
4 243 240.67 90.5 5
5 244 241 90.8 5.3
6 245 241.33 91 5.5
7 246 241.67 91.3 5.8
8 247 242 91.6 6.1
9 248 242.33 91.8 6.3
10 249 242.67 92.1 6.6

Source : www.idapsu.blogspot.in
[http://idapsu.blogspot.in/2013/07/expected-ida-from-october-2013.html]

Statement of Srikant Kumar Jena on Consumer Price Index

Statement of Srikant Kumar Jena on Consumer Price Index 

Press Information Bureau 
Government of India
Ministry of Statistics & Programme Implementation 
14-October-2013 17:31 IST
Statement of Srikant Kumar Jena on Consumer Price Index 
Shri Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics and Programme Implementation announced the release of the monthly provisional Consumer Price Index (CPI) on Base 2010=100 along with annual inflation rates for September 2013, compiled by the Central Statistics Office. Final CPI numbers for the month of August 2013 have also been released. 

All India General (all groups) CPI numbers of September 2013 for rural, urban and combined are 137.8, 134.0 and 136.2 respectively.
Provisional annual inflation rate based on all India general CPI (Combined) for September 2013 on point to point basis (September 2013 over September 2012) is 9.84%. The corresponding inflation rates (provisional) for rural and urban areas are 9.71% and 9.93% respectively. Inflation rates (final) for rural, urban and combined for August 2013 are 8.93%, 10.32% and 9.52% respectively.
Provisional annual inflation rates of September 2013 for rural, urban and combined in respect of ‘food and beverages’ are 11.48%, 11.36% and 11.44% respectively.
Source: PIB News

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

Expected DA from Jan 2014 - AICPIN for the month of September 2013
Consumer Price Index Numbers for Industrial Workers (CPI-IW) September 2013
According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for September, 2013 rose by 1 points and pegged at 238 (two hundred and thirty eight). On 1-month percentage change, it increased by 0.42 per cent between August and September compared with 0.47 per cent between the same two months a year ago.

The largest upward pressure to the change in current index came from Miscellaneous group contributing 0.44 percentage points to the total change. At item level, Arhar Dal, Goat Meat, Dairy Milk, Milk (Cow & Buffalo), Pure Ghee, Snack Saltish, Tea Leaves, Onion, Electricity Charges, Firewood, College Fee, Secondary School Fee, Petrol, Bus Fare, Tailoring Charges etc. are responsible for the rise in index. However, this was compensated to some extent by Wheat, Groundnut Oil, Mustard Oil, Poultry, Ginger, Vegetables and Fruit items, putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 10.70 per cent for September, 2013 as compared to 10.75 per cent for the previous month and 9.14 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 13.36 per cent against 13.91 per cent of the previous month and 11.00 per cent during the corresponding month of the previous year.
At centre level, Labac Sichar recorded the highest increase of 9 points each followed by Varanasi and Vishakhapattnam (7 points each) and Bhilwara, Tripura and Darjeeling (6 points each). Among others, 5 points rise was registered in 3 centres, 4 points in 2 centres, 3 points in 7 centres, 2 points in 14 centres and 1 point in 15 centres. On the contrary, Goa reported a decline of 8 points followed by Godavarikhani (7 points), Bhavnagar (5 points) and Nagpur and Ahmedabad (4 points each). Among others 3 point decline was observed in 2 centres 1 point in 6 centres. Rest of the 15 centres’ indices remained stationary.
The indices of 39 centres are above All-India Index and other 38 centres indices are below national average. The index of Ajmer centre remained at par with all-India index.
The next index of CPI-IW for the month of October, 2013 will be released on Friday, 29 November, 2013. The same will also be available on the office website www.labourbureau.gov.in.
Source: PIB News

Expected DA From Jan 2014 - Possibility Of Increase Of DA By 11%

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 possibility of increase of DA by 11 %      

EXPECTED DA FROM JAN 2014

IF AICPIN RISE ONE POINTS IN THE BALANCE MONTHS OF AICPIN…

Jun-13 231 2648 220.67 104.91 90.62 90
Jul-13 235 2671 222.58 106.82 92.28
Aug-13 237 2694 224.5 108.74 93.93
Sep-13 238 2717 226.42 110.66 95.59
Oct-13 239 2739 228.25 112.49 97.17
Nov-13 240 2761 230.08 114.32 98.76
Dec-13 241 2783 231.92 116.16 100.34 100

IF AICPIN RISE TWO POINTS IN THE BALANCE MONTHS OF AICPIN…

Jun-13 231 2648 220.67 104.91 90.62 90
Jul-13 235 2671 222.58 106.82 92.28
Aug-13 237 2694 224.5 108.74 93.93
Sep-13 239 2718 226.5 110.74 95.66
Oct-13 241 2742 228.5 112.74 97.39
Nov-13 243 2767 230.58 114.82 99.19
Dec-13 245 2793 232.75 116.99 101.06 101

IF AICPIN RISE THREE POINTS IN THE BALANCE MONTHS OF AICPIN…

Jun-13 231 2648 220.67 104.91 90.62 90
Jul-13 235 2671 222.58 106.82 92.28
Aug-13 237 2694 224.5 108.74 93.93
Sep-13 240 2719 226.58 110.82 95.73
Oct-13 243 2745 228.75 112.99 97.6
Nov-13 246 2773 231.08 115.32 99.62
Dec-13 249 2803 233.58 117.82 101.78 101

Source: www.7thpaycommissionnews.com
[http://www.7thpaycommissionnews.com/2013/10/expected-da-from-jan-2014-possibility.html]

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