Labour Bureau, Government of
India has announced the All India Consumer Price
Index for Industrial workers (AICPI (IW)) for the month of December 2011 as 197. In the previous month
(November-2011), AICPI (IW) was 199.
A summary of All India Consumer Price Index for Industrial
workers for the months from January 2011 to December 2011 is given below.
|
Month
|
Jan 11
|
Feb 11
|
Mar 11
|
Apr 11
|
May 11
|
Jun 11
|
Jul 11
|
Aug 11
|
Sep 11
|
Oct 11
|
Nov 11
|
Dec 11
|
|
AICPI
|
188
|
185
|
185
|
186
|
187
|
189
|
193
|
194
|
197
|
198
|
199
|
197
|
We know that to estimate Dearness Allowance Rate
applicable for central government employees, All India
Consumer Price Index for Industrial workers (AICPI (IW)) for the previous 12
months are required. So, based on the AICPI (IW) for the months from Jan-2011
to Dec-2011 we can easily estimate the expected dearness allowance for the Central Government
employees with effect from 1.1.2012 using the following formula.
In the recent past, many were guessing the
applicable DA rate with effect from 1.1.2012, using
AICPI (IW) for the months from Jan-2011 to Nov-2011 only as the same for Dec
2011 was not announced. Since, the AICPI (IW) for December 2011 is also out
last week, there is no need for any wild guess regarding the DA Rate for
central government employees from 1.1.2012 any more. The DA rate with effect from
1st January 2012 by entering the AICPI (IW) for the month of December 2011
which is 197, in the relevant field.
Thus, the applicable DA rate with effect from
1.1.12 is estimated to be 65%, which an increase of 7% from the existing DA
rate of 58%.
The
official announcement by the Government for eligible DA rate for central
government employees with effect from 1.1.2012 can be expected in the month of
March-2012.
Courtesy :http://aipeup3tn.blogspot.in/
Courtesy :http://aipeup3tn.blogspot.in/
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