Labour Bureau has issued its Press Release on 30.09.2021 regarding Consumer Price Index for Industrial Workers (CPI-IW) for the month of AUGUST, 2021. Click here for PRESS RELEASE
The All India CPI-IW for August, 2021 increased by 0.2 points and stood at 123.0 which was 122.8 in July, 2021. Based on CPI-IW of last twelve months, the Dearness Allowance is expected to reach at 31%.
DA Calculation :
Avg AICPI of past 12 months =
(118.1 + 119.5 + 119.9 + 118.8 + 118.2 + 119.0 + 119.6 + 120.1 + 120.6 + 121.7+122.8+123.0)*2.88 /12 = 341.52
Dearness Allowance =
(Avg. AICPI - 261.4) *100 / 261.4 = (341.52- 261.4)*100 / 261.4 = 30.65%
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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