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Sunday, 31 May 2015

Dearness Allowance increase is likely to be 118% of pay from July 2015

Dearness Allowance w.e.f. 01/07/2015-reg-NFIR View
Dearness Allowance increase is likely to be 118% of pay from July 2015
National Federation of Indian Railwaymen
Affiliated to :
Indian National Trade Union Congress (INTUC)
International Transport Workers’ Federation (ITF)

No. I/5(A)/Part. I Dated: 01/05/2015
The General Secretaries of
Affiliated Unions of NFIR
Dear Brother,
Sub: Dearness Allowance w.e.f. 01/07/2015 -reg.

The All India Consumer Price Index for March 2015 was 254 and if it remains as it is for next three (3) months or if it rises to 256, the average is expected to be 253. Consequently, the Dearness Allowance increase is likely to be 118% of pay from July 2015.

The above is for information of affiliates. You are aware that the Government normally announces DA. revision in September, to be given effect from July.
Yours fraternally,
(Dr. M. Raghavaiah)
General Secretary

AICPIN for the month of April 2015

AICPIN for the month of April 2015
No. 5/1/2015- CPI
DATED : 29th May, 2015
Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – April, 2015

The All-India CPI-IW for April, 2015 increased by 2 points and pegged at 256 (two hundred and fifty six). On 1-month percentage change, it increased by (+) 0.79 per cent between March, 2015 and April, 2015 when compared with the increase of (+) 1.26 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.24 percentage points to the total change. At item level, Rice, Arhar Dal, Gram Dal, Urd Dal, Fish Fresh, Goat Meat, Poultry (Chicken), Milk (Buffalo & Cow), Vegetable & Fruit items, Tea (Readymade), Snack (Sweet & Saltish), Country Liquor, Electricity Charges, Doctor’s Fee, Private Tuition Fee, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted by Eggs (Hen), Onion, Chillies Green, Sugar, Petrol, Flower/Flower Garlands, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 5.79 per cent for April, 2015 as compared to 6.28 per cent for the previous month and 7.08 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.68 per cent against 6.98 per cent of the previous month and 7.76 per cent during the corresponding month of the previous year.

At centre level, Srinagar reported the highest increase of 9 points followed by Bhilai (5 points). Among others, 4 points increase was observed in 14 centres, 3 points in 9 centres, 2 points in 14 centres and 1 point in 18 centres. On the contrary, Giridih centre recorded a maximum decrease of 6 points followed by Guntur (3 points) and Ranchi-Hatia and Godavarikhani (2 points each). Among others, 1 point decrease was observed in 8 centres. Rest of the 9 centres’ indices remained stationary.

The indices of 36 centres are above All India Index and other 42 centres’ indices are below national average.

The next index of CPI-IW for the month of May, 2015 will be released on Tuesday, 30th June, 2015. The same will also be available on the office website www.labourbureau.gov.in.
Source: http://www.labourbureau.gov.in/Press%20Note%20English%20Apr%202015.pdf

General Pension Fund: Employees allowed to get advance money

Employees allowed to get advance money from their GPF

Chandigarh: Punjab government today allowed its employees to get advance payment from their respective GPF (General Pension Fund) accounts for the purpose of higher education of their wards.

It also gave nod to provide non-returnable advance to its employees for the treatment of employees or their family members, removing earlier restrictions in this regard.

The Finance Department in a statement said employees could get 90 per cent non-returnable advance from GPF before their superannuation.

According to official spokespersons, employees desiring to go for ‘Haj’along with their family members could also get non-returnable advance.

He said necessary directions have been issued to all heads of departments, commissioners of divisions, Registrar of Punjab and Haryana High Court, all Deputy Commissioners and all Session Judges.


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