Central employees and pensioners to get 10% hike in D.A. from 01.07.2013

Central employees and pensioners have reason to cheer as the next D.A. hike from 1st July'13 is going to be 10%.

Dearness Allowance = (Avg of AICPI for the past 12 months – 115.76)*100/115.76

 D.A. is calculated on the average of AICPIN No.s for the last 12 months. We have got 11 of them published already and the last month (June'13) number is yet to come out. But 2/3 points increase or decrease is not going to matter this time. Whatever may the number for the last month (June'13), whether increases or decreases a couple of points, D.A. is going to be 90% of basic pay with effect from 1st July 2013.

As most of the state Governments do follow the central D.A. pattern, it may bring cheer to them also.

Likely Bank D.A. from August 2013

Click here for final calculation (Updated on 31.07.13)
Increase of 29 slabs ?
Ministry of Labour and Employment Govt of India has released the All India Consumer Price Index Number(IW) Base 2001=100,for the month of May today which stood at 228 points with an increase of 2 points compared to April'13.

Calculation of PSU IDA from July 2013

As per the calculations IDA will increase 4% w.e.f. 1st July 2013. The total IDA will come to 74.9 + 4.0 = 78.9%. This will be applicable to pensioners also. Orders are yet to be issued.

Consumer Price Index for May 2013 released

Consumer Price Index for Industrial Workers (CPI-IW)-May, 2013

The All-India CPI-IW for May, 2013 rose by 2 points and pegged at 228 (two hundred and twenty eight). On 1-month percentage change, it increased by 0.88 per cent between April and May compared with 0.49 per cent between the same two months a year ago.

Coal India employees postpone strike

Five national unions representing the interests of about 3.5 lakh workers of Coal India Ltd (CIL) today postponed their proposed strike and decided to approach the government with their concerns about the proposed divestment in the PSU.