10% DA from July 2018 is in the Cards after March AICPIN
Even after March AICPIN remained stationary at 287 points, 10% DA from July 2018 is in the Cards.
Owing to the fact that there is a possibility to get 5 to 6 Points increase in remaining three month’s AICPIN, we believe most probably it will take the hike in DA to 3% in July 2018.
We need Consumer Price Index Numbers from the Month of July 2017 to June 2018 to calculate the rate of dearness allowance from 1st July 2018
The Consumer Price Index Numbers so far released by Labour Bureau is given below
From the calculations shown below, it appears that 5 to 6 Points total increase in AICPIN in the Months of April to June 2018, will fetch 3% hike in Dearness Allowance. So this hike will enhance the rate of DA from existing 7% to 10% with effect from 1st July 2018