DID YOU KNOW? YOU CAN CALCULATE DA FOR JULY 2014 YOURSELF!
We have been waiting eagerly for the announcement of 50% DA merger and interim relief for quite some time now, but still no announcement about it has come out! This is really disappointing.
As you know, we got the 50% DA merger(5th paycommission) and interim relief(2nd to 4th paycommission) in the last pay commission to compensate for the increased commodity prices and economic burden. So our present expectation cannot be unreasonable. We only get our DA to manage the price rise of essential commodities. As of now it has reached 100% raise and some allowances are expected to rise only by 25%. When this is the case, calculating the DA rise in the coming July 2014 is somewhat difficult. As of now, the announcement of only one month’s AICPIN has come out. In the coming five months, we will get a complete picture of the AICPIN value. Only after that we can calculate the DA rise accurately.
The value of AICPIN in the past two months has gone down considerably when compared to the previous months. After 1.1.2006, AICPIN has seen a sharp fall during the following periods: March 2007, Dec 2008, Feb 2010,Dec 2011,Dec 2013 and Jan 2014. As AICPIN is fluctuating considerably, predicting the DA of July 2014 is very difficult.
A simple calculator has been created to calculate the DA by yourself. You have to input the AICPIN value (that you think will be in the forthcoming months) and can calculate the DA for July 2014. I have provided a link for the calculator. Using this simple calculator, you can calculate the DA for July 2014 by yourself.