AICPI-IW for Sep-12 released – Likely increase in DA from Jan 2013 is 8%

All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of  September, 2012  stood at 215 (two hundred and fifteen).

If the index continues to be same for the remaining 3 months of the year then the expected increase in DA/DR from 01 Jan  2013 will be 8% taking the total DA/DR payable to 80%.

Expected DA from 01January 2013 : AICPIN for the month of July 2012

All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of July, 2012 increased by 4 points and stood at 212 (two hundred and twelve).

If the same trend continues for the remaining 5 months of the year (or even if it goes down by a point or  two in those months) then the expected increase in DA/DR from 01 Jan  2013 will be 7% taking the total DA/DR payable to 79%.

Expected DA from July 2012 : AICPIN for the month of June 2012

All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of June, 2012 increased by 2 points and stood at 208 (two hundred eight).

Therefore the expected increase in DA/DR from 01 Jul  2012 is now confirmed as 7% taking the total DA/DR payable to 72%.

Anticipated 7% increase in DA/DR effective from 01.07.2012

With the Labour Bureau, GOI, notification of AICPI for the month Jan, Feb, Mar, Apr & May 2012 as 198, 199, 201, 205 & 206 respectively and if the AICPI touches even 203 in Jun 2012, then we can anticipate an increase of  7% in DA/DR payable to Central Govt Employees and Pensioners, effective from 01 Jul 2012.

The total DA/DR payable in that case will rise to 72%, from the existing 65%.

DA/DR payable with effect from 01 Jan 2012 will be 65%

Labour Bureau, Government of India has announced the All India Consumer Price Index for Industrial Workers ( AICPI-IW) for the month of December 2011 as 197.  With this announcement, the DA/DR payable effective from 01 Jan 2012 will be 65%, an increase of 7% over the 58% DA/DR being paid now.

The official announcement by the Government for eligible DA/DR rate for central government employees/ pensioners respectively, with effect from 1.1.2012 can be expected in the month of March-2012.

Republic Day Greetings

On this 62nd Republic Day, let us all re dedicate ourselves to build India into a economically stronger, Citizen friendly, truly secular and vibrant nation.

It is now certain that DA/DR effective from 01 Jan 2012 will be 65%

With the announcement of  AICPIN for the month of October and November 2011 as 198 &199 respectively, it is now certain that the DA/DR payable to Central Government employees and pensioners effective from 01 Jan 2012 will increase by 7% taking  the total DA/DR payable  to 65%. Even if the AICPIN rises  upto 204 for the month of Dec 2011, the increase will be only 7%.

Expected DA/DR effective from 01 Jan 2012 will be 65% – Error in earlier post regretted.

I sincerely regret the keying in error in my post – Expected DA/DR with effect from 01.01.2012, as 63% instead of 65%. If the present trend of AIACPI continues at 197 for Oct, Nov & Dec 2011, then the increase in DA/DR will be 7%, taking the total payable to 65%. Thanks to one of the viewers of the blog Mr.Tagam Licha in pointing out this inadvertent error.

The latest forecast of DA/DR from 01.07.2011

The labour Bureau, Government Of India have notified the All-India Average Consumer Price Index Numbers for Industrial Workers for Jan, Feb and Mar 2011. The index is 188,185 and 185 respectively. The Consumer Price Index is crucial for calculation of DA/DR payable to central government employees and pensioners respectively on 1 Jan & 1 July every year.

If the same trend continues the DA/DR payable with effect from 01.07.2011 will increase by 7% taking the total to 58%.  If the index rises more than 185 in  Apr, May and  Jun 2011, then the DA/DR payable could increase by 8%, taking the total to 59%. This is probable  in view of the recent hike in petrol price. Please refer to our advance news on this matter posted earlier.

Osama bin Laden, is dead reports CBS news

The founder and spiritual figurehead for al Qaeda, Osama bin Laden, is dead reports CBS news. President to make surprise announcement that al Qaeda figurehead is dead.

A senior U.S. counterterrorism official told the Associated Press that bin Laden was killed in a ground operation in Pakistan. While details are still sketchy, CBS News correspondent Chip Reid reports from the White House that officials are saying bin Laden was shot in the head.

President Barack Obama is expected to address the nation on the subject shortly.

The long-lost terrorist mastermind had eluded an aggressive hunt by U.S. authorities for nearly ten years since the attacks on the World Trade Center in New York and the Pentagon in Washington, D.C. on Sept. 11, 2001.

CBS News correspondent Lara Logan reports that human intelligence was vital in killing bin Laden, which is an important boost to the image of U.S. international intelligence gathering, and says that no enemy is safe anywhere.

Bin Laden’s death is a major accomplishment for Obama and his national security team, as the administrations of both presidents Bill Clinton and George W. Bush hunted the Saudi-born terrorist.

Security at “strategic places in Pakistan has been beefed up as a precaution against any retaliation to news of Osama bin Laden’s death”, a senior Pakistani security official told CBS News early on Monday. “If he(bin Laden) is really dead, there will be attempts to seek revenge,” said the official who spoke to CBS News on condition of anonymity.

Former State Department spokesman P.J. Crowley said on Twitter: “BinLaden’s death does not eliminate the threat from alQaeda, but it is hard to see anyone playing the same organizational role he did.”