AICPIN for the month of March 2014 - Stands at 239...

AICPIN for the month of March 2014 - Stands at 239 - Consumer Price Index Numbers for Industrial Workers (CPI-IW)- March 2014
6% Increase Very Likely in Expected DA from July 2014 Onwards!
The second instalment of the bi-annual Dearness Allowance for Central Government employees and pensioners has almost been confirmed. This time around, it is most likely to be 6%. 

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Press Information Bureau 
Government of India
Ministry of Labour & Employment 
30-April-2014 19:02 IST

 Consumer Price Index Numbers for Industrial Workers (CPI-IW)- March 2014 

According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for March, 2014 increased by 1 points and pegged at 239 (two hundred and thirty nine). On 1-month percentage change, it increased by 0.42 per cent between February, 2014 and March, 2014 compared with the rise of 0.45 per cent between the same two months a year ago. 

The largest upward pressure to the change in current index came from Food Group contributing 0.99 percentage points to the total change. At item level, Rice, Wheat, Goat Meat, Milk (Buffalo), Vegetables and Fruit items, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Groundnut Oil, Fish Fresh, Poultry, Eggs (Hen), Onion, etc. putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 6.70 per cent for March, 2014, as compared to 6.73 per cent for the previous month and 11.44 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.50 per cent against 13.21 per cent of the previous month and 14.98 per cent during the corresponding month of the previous year. 

At centre level, Bokaro recorded the highest increase of 8 points each followed by Godavarikhani & Chhindwada (7 Points each), Rangapara Tezpur (6 points) and Kanpur & Durgapur (5 points each). Among others, 4 points rise was registered in 7 centres, 3 points in 6 centres, 2 points in 9 centres and 1 points in 22 centres. On the contrary, Quilon and Guwahati reported a decline of 5 points each followed by Coimbatore (3 points), 2 points in 3centres and 1 point in 6 centres. Indices of 16 centres observed no change. 

The indices of 36 centres are above All-India Index and other 41 centres’ indices are below national average. The index of Tiruchirapally centre remained at par with all-India index. 

The next index of CPI-IW for the month of April, 2014 will be released on Friday, 30 May, 2014. The same will also be available on the office website www.labourbureau.gov.in. 


A new calculator has been created that calculates the Dearness Allowance based on the AICPIN point given by the user...
Click to view the calculator

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Comments

Anonymous said…
With this, expected DA increase from July remains 6%. Variation of plus 1% still remains a possibility.
April 30, 2014 at 11:05 PM
jdosvd said…
The 50% merger of DA with basic will come before this.Could also be 100% merger with DA.Lets wait and watch.
May 10, 2014 at 10:56 AM
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