Expected DA hike from July 2015 might be 6%
As already calculated in March, 2015 & April 2015 Expected DA/DR will be 119% with effect from July, 2015, it is now confirmed with 2 points increase in May, 2015 CPI-IW. As per press release issued on today by Labour Bureau the All India Consumer Price Index for Industrial Worker for the month May, 2015 increased by 2 points and pegged at 256. The 6% increase in future DA/DR from July, 2015 i.e. DA/DR will be 119% from July, 2015 is more confirm with this increase.
A 6 points increase in June, 2015 CPI-IW Index is needed to increase the above said calculation in expected DA/DR to 120% and the other side a 8 point decline in June, 2015 CPI-IW Index is needed to decrease the expected DA/DR to 118%. The 6 points increase and 8 point decrease is future CPI-IW index is not near to possibility.
Therefore, Dearness Allowance for Central Government Staff and Dearness Relief for Pensioners with effect from July, 2015 is likely to increase 6% and to be 119% the present DA/DR is 113%
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