1. For all the Central Government Employees/pensioners, there would be a rise of 7% in DA /DR to, which would result in the overall DA / DR of 58% from 1.7.2011 - as per calculations below (as per Calculation based on All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100).
2. HOW TO CALCULATE DEARNESS ALLOWANCE...
Every month government has announced All India Consumer Price Index for Industrial workers, according to the price of commodities.
Month & year | Price Index with base year 2001 = 100 |
July 2010 | 178 |
August 2010 | 178 |
September 2010 | 179 |
October 2010 | 181 |
November 2010 | 182 |
December 2010 | 185 |
Jan 2011 | 188 |
Feb 2011 | 185 |
March 2011 | 185 |
April 2011 | 186 |
May 2011 | 187 |
June 2011 | 187 (Assumed) (considering MKT situation) |
Total | 2201/12 |
Average | 183.416 |
3. With effect from 01.01.2006, Dearness allowance is granted to compensate the price increase above 536 points Base Year 1982=100),(115.763 points Base Year 2001=100).
4. The half yearly rise in DA/DR is granted on the basis of average price index of 12 months prior to 1st January/1st July
5. As per above table, the total of twelve (12) month average price index prior to July 2011=2199 The twelve month average price index for the period as per above table = 183.416
6. Subtract 115.763 from 183.416 which works out to 67.653. It is a rise over 115.763 as on 31.12.2005 (with respect to base year 2001=100). Calculate the percentage rise by multiplying (67.653) with 100 / 115.763. It works out to 58.441
7. The fraction is to be ignored. The whole number only is to be considered. So the DA/DR admissible with effect from 1st July 2011 is 58% thus a rise of 7% over 51% already being paid
8. DA / DR wef 1.7.11
Average all India inflation index 183.416-115.763 = 67.653x100 divided by 115.76 = 58%
Source; IRTSA
No comments:
Post a Comment