New Delhi, August 1, 2012: Central government employees will be entitled to 7% additional dearness allowance (DA) with effect from July 1, 2012.
This increase is on account of the proportionate rise in twelve-month moving average of Consumer Price Index for Industrial Workers (CPI-IW) as of June 2012, according to Labour Bureau sources.
The DA is revised every six months based on this average. The employees are getting 65% of basic and grade pay as DA and with 7% increase from the month of July, 2012, the DA payable to them would be 72%.
The point to point rate of inflation or the month of June, 2012 is 10.05% as compared to 10.16% in May, 2012, according to labour ministry data released on July 31, 2012
Meanwhile, Inflation based on Food Index declined to 10.45% in June, 2012 from 10.61% in May, 2012.
As per the data, the CPI-IW increased by two points to 208 in June 2012 vis-a-vis the base of 100 for the year 2001.
The point-to-point variation in the index measures the change in price levels over a period.
In July, the index recorded the maximum decrease of 2 points each in the in Ludhiana and Mysore centres and 1 point in 5 centres.
The index increased by 8 points each in Mercara and Godavarikhanicentres, 7 points in Puducherry centre, 5 points in Madurai, Howrah,Chennai,Lucknow and Warrangal centres, 4 points in 7 centres, 3 points in 13 centres, 2 points in 11 centres, 1 point in 18 centres.
In 14 centres across the country, the index remained unchanged.
This increase is on account of the proportionate rise in twelve-month moving average of Consumer Price Index for Industrial Workers (CPI-IW) as of June 2012, according to Labour Bureau sources.
The DA is revised every six months based on this average. The employees are getting 65% of basic and grade pay as DA and with 7% increase from the month of July, 2012, the DA payable to them would be 72%.
The point to point rate of inflation or the month of June, 2012 is 10.05% as compared to 10.16% in May, 2012, according to labour ministry data released on July 31, 2012
Meanwhile, Inflation based on Food Index declined to 10.45% in June, 2012 from 10.61% in May, 2012.
As per the data, the CPI-IW increased by two points to 208 in June 2012 vis-a-vis the base of 100 for the year 2001.
The point-to-point variation in the index measures the change in price levels over a period.
In July, the index recorded the maximum decrease of 2 points each in the in Ludhiana and Mysore centres and 1 point in 5 centres.
The index increased by 8 points each in Mercara and Godavarikhanicentres, 7 points in Puducherry centre, 5 points in Madurai, Howrah,Chennai,Lucknow and Warrangal centres, 4 points in 7 centres, 3 points in 13 centres, 2 points in 11 centres, 1 point in 18 centres.
In 14 centres across the country, the index remained unchanged.
(Agencies)
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