Expected DA on 1.1.2016 is Over – Ends with 6% Hike at 125%
Expected DA ends with a 6percentage hike at 125%; Labour Bureau releases the much-awaited AICPIN stats of December
The AICPIN
statistics points for the month of December 2015 has been released by
Labour Bureau. The index is one point decreased and ends with 269. The
AICPIN points for the months of July 2015 till December 2015, has
concluded with some ups and downs. The AICPIN points that started at
263, has ended on an average of 261.4 points (263, 264, 266, 269, 270,
and 269).
Since all the AICPIN points required for calculating the DA for the
months of July to December have been released, the additional Dearness
Allowance, which will be issued from the month of January 2016, has been
decided. It will be implemented only after the central cabinet gives
its approval.
The final instalment of the DA,
to be issued as per the recommendations of the 6th Pay Commission, will
see an increase of 6 percent and end at 125%. With this, it concludes
its 10-year-long journey.
Starting from January 2006, Dearness Allowance was revised 20 times
based on the method recommended by the 6th Pay Commission. It began at
zero on 01.01.2006, and increased, step by step, to 125 percent by
01.01.2016. In other words, there was an average increase of 6.25 % each
time.
