Friday, May 31, 2013

90% DA from July 2013 confirmed after April, 2013 AICPIN



According the press release the All-India CPI-IW for April, 2013 rose by 2 points and pegged at 226 (two hundred and twenty six).  This two point increase confirmed 10% increase in Dearness Allowance from July, 2013 as already expected on this site click here to see.  Therefore DA from July, 2013 will be 90% and will be announced in September or October in this year.  It is also more clear from following table:-
Expect-
ation
Increase/
Decrease
Index
Month
Base 
Year 
2001 
= 100
Total 
of 12 
Months
Twelve 
monthly 
Average
% increase 
over 115.76 
for   DA
DA 
announced
or will be 
announced

1
Nov-12
218
2490
207.50
79.25%
80%

1
Dec-12
219
2512
209.33
80.83%

2
Jan-13
221
2535
211.25
82.49%
82%

2
Feb-13
223
2559
213.25
84.22%
84%

1
Mar-13
224
2582
215.17
85.87%
85%

2
Apr-13
226
2603
216.92
87.38%
87%
First
1
May-13
227
2624
218.67
88.90%
88%
1
Jun-13
228
2644
220.33
90.34%
90%

Jul-13
Expected DA from July-2013
90%
Second
2
May-13
228
2625
218.75
88.97%
88%
2
Jun-13
230
2647
220.58
90.55%
90%

Jul-13
Expected DA from July-2013
90%
Third
0
May-13
226
2623
218.58
88.82%
88%
0
Jun-13
226
2641
220.08
90.12%
90%

Jul-13
Expected DA from July-2013
90%

PIB Release of CPI-IW