Cabinet may approve 2% DA tomorrow
Dearness Allowance for Central Government Employees and Pensioners due from July 2016 is likely to be approved in the Union Cabinet Meeting to be held on tomorrow(27.10.2016).
As per the recommendations of 7th Central Pay Commission on Dearness Allowance formula, Central Government is all set to declare 2% Dearness allowance and Dearness relief to be effective from July 1, 2016.
Table of AICPIN – All India Consumer Price Index Numbers for Industrial Workers BY 2001-100 from Jan 2016 to Jun 2016 are indicated in the table with average of 261.4
Calculation of Dearness Allowance from July 2016 as shown in the table
|
Month / Year |
B.Y. 2001=100 | 12 Months Total | 12 Months average | % Increase over 261.4 | DA with Decimal |
DA % |
|
Jan-16 |
269 | 3152 | 262.67 | 1.26 | 0.48 |
0.48 |
|
Feb-16 |
267 | 3166 | 263.83 | 2.42 | 0.93 |
0.93 |
|
Mar-16 |
268 | 3180 | 265 | 3.59 | 1.37 |
1 |
|
Apr-16 |
271 | 3195 | 266.25 | 4.84 | 1.85 | 1 |
|
May-16 |
275 | 3212 | 267.67 | 6.26 | 2.39 |
2 |
| Jun-16 | 277 | 3228 | 269 | 7.6 | 2.91 |
2 |
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