Friday, August 1, 2014

DA from July 2014 for Central Government Employees

DA from July 2014 for Central Government Employees and Pensioners will be 107% – AICPIN for June 2014 Released by Labour Bureau, Government of India

Labour Bureau, Government of India has released the All India Consumer Price Index (Industrial Workers) (AICPIN or AICPI-IW) for the Month of June 2014 as 246. There is 2 point increase in this consumer price index compared previous month. As a result, Now we have all the 12 AICPIN indices from the month of July 2013 to June 2014 in our hand now to Estimate DearnessAllowance applicable to Central Government Employees and Central Government Pensioners with effect from July 2014
MonthActual AICPI-IW
July 2013235
Aug 2013237
Sep 2013238
Oct 2013241
Nov 2013243
Dec 2013239
Jan 2014237
May 2014244
Jun 2014246
As we estimated in our earlier article published in the first week of July 2014  DA from July for CG Employees and Pensioners is now confirmed to be 107%
Estimated DA from July 2014 = ((235+237+238+241+243+239+237+238+240+242+244+246)/12)-115.76)*100/115.76
= 107 % (Rounded to nearest Integer at the lower side)