Sunday, September 2, 2012

Expected DA from July, 2012

TUESDAY, JULY 31, 2012
Expected DA from July, 2012 will be 7% after AICPIN of June, 2012
As repeatedly mentioned and calculated in our previous posts that Dearness Allowance from July-2012 will be 72% now confirmed in view of All India Consumer Price Index Number [http://labourbureau.nic.in/indtab.html] for Industrial Workers (CPI-IW) on base 2001=100 for the month of June, 2012 increased by 2 points and stood at 208 (Two hundred & eight). Now according to AICPIN DA from July-2012 will be 72% i.e. increase of 7% from 65% to 72%.
As per standard calculation shown below we may wait for formal announcement of increase in Dearness allowance paid to Central Government Employee and Dearness Relief for Central Government Pensioner in mid October, 2012 means after September, 2012. The arrears of Dearness Allowance for the month of July-2012, August-2012 and September-2012 may be drawn in October, 2012.
Expected Dearness Allowance DA for July, 2012 calculated as under: Dearness Allowance = (Avg of AICPI for the past 12 months - 115.76)*100/115.76 DA from July 3012
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