Labour Bureau has issued its Press Release on 31.08.2021 regarding Consumer Price Index for Industrial Workers (CPI-IW) for the month of JULY, 2021. Click here for PRESS RELEASE
The All India CPI-IW for July, 2021 increased by 1.1 points and stood at 122.8 which was 121.7 in June, 2021. Based on CPI-IW of last twelve months, the Dearness Allowance is expected to reach at 32%.
DA Calculation :
Avg AICPI of past 12 months =
{ 338 + (118.1 + 119.5 + 119.9 + 118.8 + 118.2 + 119.0 + 119.6 + 120.1 + 120.6 + 121.7+122.8)*2.88 } /12 = 344.59
Dearness Allowance =
(Avg. AICPI - 261.4) *100 / 261.4 = (344.59- 261.4)*100 / 261.4 = 31.8%
N.B. Recently Government of India has declared DA @28% w.e.f. 01.07.2021 as the last three instalments were freezed due to Covid pandemic.
To know more details on DA / DR, click here
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