Wednesday, 18 January 2017

Expected DA from January 2017


Expected DA from January 2017

Expected DA from January 2017


Comrades,
The whole sale price index for the month of December has risen by 3.39%, which declined in past three months, this increase is due to manufacturing price increase (oil prices has increased), the food prices had in fact has come down in December 2016 .

The Consumer Price Index (CPI) was showing marginal decline from 278 points to 277 points in November 2016 , the DA stood at 4.76% as on November 2016, most likely the CPI may show increase of 1 point and may rise to 278 points in December 2016 or stay stable at 277 points.

Scenario I: If the CPI for the month of December 2016 is at 276 points(decrease on one point), the expected DA from January 2017 is likely at 2% (Total 4.97 %).

Scenario II: Even if the CPI for the month of December 2016 is at 277 points, the expected DA from January 2017 is likely at 3% (Total 5%).

Scenario III: If the CPI for the month of December 2016 is at 278 points, the expected DA from January 2017 is likely at 3% (Total 5.04 % ).
Comradely yours
(P.S.Prasad)
General Secretary

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