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Tuesday, May 18, 2010

Chances of 9% + DA hike during June 2010

As per the figures available from Labour Bureau, Government of India (http://labourbureau.nic.in/indtab.html) it can be assumed that 9% DA hike can be assumed from June 2010, provided the All India Consumer Price Index (AICPI) doesnt come down was was the case for Jan 2010. The DA from June 2010 can be 45%. This is calculated assuming that the All India Consumer Price Index (AICPI) remains unchanged at 170 During April to June, which are yet to be announced. These figures for January 2010 was 172 and came down to 170 during February and remained same at 170 for March.

Month

Year

CPI

Total for 12 months

Average

App. DA

DA

June

2009

153

1776

148.00

27.84

27

July

2009

160

1793

August

2009

162

1812

Sep

2009

163

1829

Oct

2009

165

1846

Nov

2009

168

1866

Dec

2009

169

1888

157.33

35.91

35

Jan

2010

172

1912

Feb

2010

170

1933

Mar

2010

170

1888

Apr

2010

170

1975

May

2010

170

1994

June

2010

170

2011

168.42

45.48

45