Labour Bureau has issued its Press Release on 30.06.2021 regarding Consumer Price Index for Industrial Workers (CPI-IW) for the month of MAY, 2021. Click here for PRESS RELEASE
The All India CPI-IW for May, 2021 increased by 0.5 points and stood at 120.6 which was 120.1 in April, 2021. Based on CPI-IW of last twelve months, the Dearness Allowance is expected to reach at 30%.
DA Calculation :
Avg AICPI of past 12 months =
{332 + 336 + 338 + (118.1 + 119.5 + 119.9 + 118.8 + 118.2 + 119.0 + 119.6 + 120.1 + 120.6)*2.88 } /12 = 341.5
Dearness Allowance =
(Avg. AICPI - 261.4) *100 / 261.4 = (341.5 - 261.4)*100 / 261.4 = 30%
N.B. All of us know that Government of India has freezed three instalments of DA i.e. from 01.01.2020 to 30.06.2021 in view of Covid-19 pandemic in the Country. Now employees are getting DA @17% w.e.f. 01.07.2019.
To know more details on DA / DR, click here
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