Calculation starts for expected DA from January 2017
People started to calculate expected DA from January 2017 as 7 Months AICPIN Points are released so far. The Labor Bureau has released Consumer Price Index Numbers for Industrial Workers for the Month of July 2016 today. Already It is confirmed that Dearness Allowance from July 2016 might be 2% as per the revised DA calculation. See the 7th CPC DA calculation Formula. Now expectation turned towards January 2017 DA. We need 12 Months AICPIN from January 2016 to December 2016 to calculate the expected DA from January 2017. The 7 month AICPIN Points released so far is given below.
February – 267
March – 268
April – 271
May – 275
June – 277
July – 280
Remaining Five months AICPIN Points from August to December are Required to calculate the rate of DA from January 2017. But assuming the trend of AICPIN Index by following three possibilities we can arrive the percentage of increase in Dearness Allowance approximately.
If the AICPIN for Industrial workers remain stationary at 280 for next five months
The increase in DA from January 2017 will be 3 %
So the Total DA to be paid to CG staff from January 2017 will be 5%
If the CPI Index fluctuates between 282 to 278 points, even then there will be an increase of 3% DA from Jan 2017
If the AICPIN increases steadily by 2 points for successive months from August 2016 to December 2016
Then the DA to be paid from January will be enhanced by 4 %
So the trend of AICPIN Index if goes with above expectation, 5% to 6% DA can be expected in DA from January 2017.[ CHECK THE DA CALCULATOR ]