Expected 7% Increase in Central Govt. Dearness Allowance from July 2014.
Now the expected Dearness Allowance has been finalized on release of the AICPIN by Labour Bureau today.
According to the release of Labour Bureau, the Consumer Price Index for Industrial workers for the month of June 2014 increased by 2 points and pegged at 246.
So the 12 Months Average AICPIN starting from July 2013 to June 2014 is 239.91
Estimated DA from July 2014 =((235+237+238+241+243+239+237+238+240+242+244+246)/12)-115.76)*100/115.76= 107 % (Rounded to nearest Integer at the lower side)
The Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 100 % to 107 % with effect from 1st July, 2014. Necessary order will be issued by Finance Ministry after the Cabinet approval. The approval of the cabinet may be expected by the first week of September in its Meeting.According to the above calculation the rate of Dearness Allowance to be paid from July 2014 will be enhanced by 7%