The Government has released the price index for the last three months.
Jan-11 188 2127 177.25 61.49 53.12 53
Feb-11 185 2142 178.50 62.74 54.20 54
Mar-11 185 2157 179.75 63.99 55.28 55
As per this, an increase from 51% to 55% is expected till March 2011. It may be increased as we wait for the next three months calculation on Index prices. If it continues to be this, the Dearness Allowance may be 56% to 57%.
If the Government successfully maintained the price increase and the AICPIN falls, the Dearness Allowance may be restricted to 54% or 55%.
on the price raise of petrol and diesel or cooking gas, automatically the price index also increase, in this condition the Dearness Allowance may be increased upto 57% to 58%.
OUR VIEW:- Everybody wants the Government makes strict actions to maintain the prices of essential commodities rather than increasing Dearness Allowance which in no way helps anyone.