All Data ready now for DA to CG employees from July-2011
All India Consumer Price Index for Industrial Workers (CPI-IW) for the month of June 2011 has been announced by Ministry of labour and Employment.
As per Press Information Bureau's report in this regard CPI-W for the month of June-2011 stood at 189.
With this announcement, all data required for estimation of increase in Dearness allowance for Central Government Employees with effect from 1st July 2011 have been given in black and white by Government. Let's have a look at the same.
As we predicted last month (see this article), Dearness Allowance with effect from 1st July 2011 is estimated to be 58%. Consequently Central Government Employees may get an increase in DA of 7%, compared to the existing DA rate of 51%. Government Decision on increase of DA with effect from July-2011 will be taken in the month of September or October 2011.