Expected DA from January 2015 – The Next Episode Begins…!
According to the fluctuation of price index past six months from Jan to Jun 2014, the additional Dearness allowance has been arrived as 7% only. It seems there are a few employees who are unhappy with the single-digit number because until then they have been getting double-digit DA hikes.
The disappointment also reflects the high expectations that people have from the Modi government. Our readers have been raising a number of questions in this regard. While the previous Manmohan Singh government had twice given them DA hike of 10%, why has Modi government given them only 7% increase?
First of all, the ruling party at the
Centre has no direct impact on the DA calculations. DA is calculated on
the basis of AICPIN points, which are based on price rise.
Now, the next episode begins…’Expected DA from January 2015′
We believe that, under
current circumstances, the next installment of additional Dearness
allowance from Jan 2015 hike would only be about 6 or 7%.
We have analyzed the impact of CPI number on increasing DA and given below a table to express the same for your information…
Month/Year | CPI(IW) 2001=100 | Points Increased |
Total of 12 Months |
12 Months Average |
% Increase over 115.763 |
App. DA | DA % | DA Increased in % |
July 2014 | 252 | 6 | 2896 | 241.33 | 125.57 | 108.47 | 108 | 1.22 |
Month/Year | CPI(IW) 2001=100 | Points Increased |
Total of 12 Months |
12 Months Average |
% Increase over 115.763 |
App. DA | DA % | DA Increased in % |
Jun-13 | 231 | 3 | 2648 | 220.67 | 104.91 | 90.62 | 90 | 1.66 |
Jul-13 | 235 | 4 | 2671 | 222.58 | 106.82 | 92.28 | 92 | 1.66 |
Aug-13 | 237 | 2 | 2694 | 224.50 | 108.74 | 93.93 | 93 | 1.66 |
Sep-13 | 238 | 1 | 2717 | 226.42 | 110.66 | 95.59 | 95 | 1.66 |
Oct-13 | 241 | 3 | 2741 | 228.42 | 112.66 | 97.32 | 97 | 1.73 |
Nov-13 | 243 | 2 | 2766 | 230.50 | 114.74 | 99.12 | 99 | 1.80 |
Source: CGEN.in