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Saturday, January 5, 2013

Expected DA from January 2013 -8% or 9% ?


AICPI – IW (All India Consumer price Index for industrial workers with the base as 2001=100) for the month of November 2012 has been issued by Government.
All India consumer price index AICPI-IW for the period from January 2012 to November 2012
Month            AICPI-IW
Jan 2012        198
Feb 2012        199
Mar 2012        201
Apr 2012        205
May 2012       206
Jun 2012        208
Jul 2012         212
Aug 2012       214
Sep 2012       215
Oct 2012       217
Nov 2012      218
Dec 2012       Will be released in the last week of January 2012
Estimated Dearness Allowance with effect from January 2013

From the table above, you can assume that , if there is no change in AICPI-IW for December 2012 i.e it is pegged at 218, then Expected DA from January 2013 will be 80%. 
DA will remain to be at 80% for change in AICPI for December 2012 up to 221. If AICPI(IW) for December 2012 touches 222, then expected DA with effect from January 2013 will be 81%.

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