AICPI (IW) for the month of August 2013 – Expected DA from January 2014
October 1, 2013 by Leave a Comment
AICPI (IW) for the month of August 2013 – Expected DA from January 2014 is 100% or 101% – Allowances that are linked with DA would increase by 25%AICPI-IW for the month of August 2013 has been released by Ministry of Labour recently. A press release has been issued by the Labour Bureau yesterday to the extent that the CPI (IW) Base Year 2001=100 raised from 235 to 237 in the end of August 2013.
The following table provides AICPI (IW) for the period from January 2013 to August 2013. These indicators together with AICPI (IW) for the months from September 2013 to December 20113 will be used to determine Dearness Allowance for Central Government Employees with effect from January 2014
How to calculate DA from All India Consumer Price Index? Click here to know.
|Month||Actual AICPI-IW||Expected AICPI (IW) from Sep-2013 to Dec-2013Scenario I||Expected AICPI (IW) from Sep-2013 to Dec-2013Scenario II||Expected AICPI (IW) from Sep-2013 to Dec-2013Scenario III|
|Sep 2013||Yet to be released||237||238||239|
|Oct 2013||Yet to be released||237||239||241|
|Nov 2013||Yet to be released||237||240||243|
|Dec 2013||Yet to be released||237||241||245|
|Estimated DA from January 2014||99%||100%||101%|
Scenario -1If we have no inflationary trend in commodities that are given weightage then CPI (IW) from September 2013 to December 2013 would remain at 237. This is almost unlikely considering the past trend in CPI (IW). However, happening of this scenario would provide 9% DA increase from the existing 90% DA and Central Government Employees and Pensioners would be eligible for DA of 99% from January 2014.
Scenario -2If we assume that Inflationary Trend in essential Commodities will be moderate and we have only one point increase in CPI (IW) , then Consumer Price Index (2001=100) from September 2013 to December 2013 will be 238, 239, 240,241 respectively. In that case DA for Central Government Employees and Pensioners will be fixed at 100% from January 2014.
Scenario -3In this case, if we assume that All India CPI (IW) from September 2013 to December 2013 increases at the rate of 2 per month similar to its past trend , then Central Government Employees and pensioners would be entitled for Dearness Allowance of 101% from January 2014.
So, it is predicted that possibility of Scenario 2 or Scenario 3 coming true is more. In such case, Central Government Employees and Pensioners would get additional DA of either 10% or 11% from January 2014.