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Wednesday, February 1, 2012

Dearness Allowance at 65% from January 2012. DA hike of 7%

The Consumer Price Index Numbers for Industrial Workers on Base 2001=100, AICPIN, for the Month of December 2011 has been published by the labour ministry…. and stood at 197. The decrease in the prices of Onion, Vegetable & Fruit items, Primary and Middle School Fee and Books, etc. contributed to the decrease in the index value.
The average index over the last 12 months calculates at 191.5 which effectively can be converted to dearness allowance of 65… Read More