Thursday, June 17, 2010
DEARNESS ALLOWANCE FROM JULY-2010
All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the past four month have been published in Labour Bureau website. According to these results we can expect that July 2010 will witness at least 9% increase in Dearness Allowance That is from the Existing 35% to 44%
All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of April, 2010 remained stationary at 170 (one hundred and seventy).For the past three months from February 2010 to April 2010, the All India Consumer Price Index Number for Industrial Workers (CPI-IW) remained stationary at 170.The consumer Price Index Number(CPI-IW) for the month of January 2010 was 172.and the CPI-IW for the month of May and June yet to be announced.
Hence it is very much earlier to predict the D.A hike for the period of July 2010 to December 2010.But it is expected that for the remaining two months (May and June) the CPI-IW Number will be at 170 to 171.If the official CPI-IW index published by Labour Bureau, Department of Statistics, goes along with our expectation for the remaining two months, then we can say that there will be at least 9% hike in Dearness Allowance from July 2010.