Expected DA from July 2021 not be more than 31% almost be 31% if June AICPIN will not be reduced to 1 point
The Labour Bureau has publishes the All India Consumer Price Index for Industrial Workers (AI CPI-IW) for the month of May 2021. The index increased by 0.5 points and stood at 120.6 (one hundred twenty and point six). On 1-month percentage change, it increased by 0.42 per cent with respect to previous month compared to an increase of 0.30 per cent recorded between corresponding months a year ago. View: Expected DA – AICPIN for the month of May, 2021 increased by 0.5 points and stood at 120.6
Expected DA from July 2021 not be more than 31% almost be 31% if June AICPIN will not be reduced to 1 point.
The increase is a minor one but giving exact impact on expected Dearness Allowance, the CPI-IW upto the month of May 2021 is using for the calculation of the Dearness Allowance from July 2021 and one more figure is required to reduce ‘the exact’. The government has frozen the DA till June 2021. Hence it is expected that the Hike DA will be available from the month of July 2021 . Following table is showing that DA/DR from July, 2021 is expected to be 31%. If next months CPI (IW) will reduce to 1.0 points be at 119.6 point the DA/DR from July, 2021 can be stop at 30% and if CPI (IW) will enhance to 10 points be at 130.6 point, which seems impossible, the DA/Dr from July be reach the mark of 32%. With this five months figure it is now confirm that rate of DA from July, 2021 be 31% if next month index not be reduced to 1.0 points .
Expected DA from July 2021 @ 31%
Expected DA from July, 2021 –
|Month||Base Year 2001 = 100||Base Year 2001 = 100||Total of 12 Months||Twelve monthly Average||% increase over 115.76 for 6CPC DA||% increase over 261.42 for 7CPC DA||7CPC DA announced or computed|
Table of 7th Central Pay Commission Dearness Allowance announced or computed
|CPI (IW) Base Year 2016 = 100||CPI (IW) Base Year 2001 = 100||7CPC DA announced or computed|