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Saturday, 28 April 2018

Central Government Employees DA July 2018 - 9% or 10% ?

Central Government Employees DA July 2018 - 9% or 10% ?
Ministry of Labour Bureau Department released AICPIN value Mar 2018, now we can predict Expect DA July 2018, with the April 2018 AICPIN assumption value, May 2018 AICPIN assumption value and June 2018 AICPIN assumption value check examples below:-

Incase AICPIN increase by 1 point to next three month will expect DA July 2018.


Month- YearAICPIN12 Months Total12 Months AverageExpect DA
Jan-20182883388282.338.01
Feb-20182873401283.428.42
Mar-20182873413284.428.81
Apr-20182883424285.339.16
May-20182893435286.259.51
Jun-20182903445287.089.83%

Incase AICPIN increase by 2 point to next three month will expect DA July 2018.
Month- YearAICPIN12 Months Total12 Months AverageExpect DA
Jan-20182883388282.338.01
Feb-20182873401283.428.42
Mar-20182873413284.428.81
Apr-20182893425285.429.19
May-20181913438286.509.60
Jun-20182933451287.5810.02%

This is only the assumption, we have to wait until end of July 2018 to finalize the DA for Employees and Pensioners
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Expected DA July 2018 - AICPIN for March 2018 Stands at 287


Expected DA July 2018 - AICPIN for March 2018 Stands at 287
Consumer Price Index for Industrial Workers (CPI-IW) - March, 2018
The All-India CPI-IW for March, 2018 remained stationery at 287 (two hundred and eighty seven). On 1-month percentage change, it remained static between February and March, 2018 when compared with the increase of (+) 0.36 per cent between the corresponding months of previous year.
The maximum pressure to the change in current index came from Food group contributing (-) 0.25 percentage points to the total change. At item level, Wheat, Arhar Dal, Eggs (Hen), Poultry (Chicken), Onion, Tamarind, Coconut, Tomato, Sugar, Cooking Gas, Fire Wood, Flowers/Flower Garlands, etc. are responsible for the decrease in index. However, this decrease was checked by Rice, Fish Fresh, Apple, Bitter Gourd, Brinjal, French Bean, Lady Finger, Lemon, Parval, Peas, Potato, Radish, Doctor's Fee, Bus Fare, etc., putting upward pressure on the index.
The year-on-year inflation based on CPI-IW stood at 4.36 per cent for March, 2018 as compared to 4.74 per cent for the previous month and 2.61 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 1.68 per cent against 2.36 per cent of the previous month and 1.71 per cent during the corresponding month of the previous year.
At centre level, Goa reported the maximum increase of 5 points followed by Jalpaiguri and Howrah (4 points each). Among others, 3 points increase was observed in 4 centres, 2 points in 7 centres and 1 point in 14 centres. On the contrary, Kodarma recorded a maximum decrease of 8 points followed by Nasik (5 points) and Tiruchirapally and Chennai (4 points each). Among others, 3 points decrease was observed in 4 centres, 2 points in another 4 centres and 1 point in 17 centres. Rest of the 21 centres indices remained stationary.
The indices of 37 centres are above All-India Index and 38 centres indices are below national average. The index of Mumbai, Chandigarh and Jabalpur centres remained at par with All-India Index.
The next issue of CPI-IW for the month of April, 2018 will be released on Thursday, 31st May, 2018. The same will also be available on the office website www.labourbureaunew.gov.in.
Source: PIB
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AICPIN March 2018 - Press Release in Hindi and English


AICPIN March 2018 - Press Release in Hindi and English

Labour Bureau released today the press release of All India Consumer Price Index for Industrial Workers) for the month of March, 2018. The index remain stands at 287 and when compare to the last month statistics, there is no change.


Dearness Allowance and Dearness Relief for Central Government Employees and Pensioners is calculated based on the CPI(IW) Base Year 2001=100.

AICPIN March 2018
aicpin-hindi

aicpin-english


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5 Day Week in LIC: 2nd and 4th Saturdays as Holiday to LIC Employees


5 Day Week in LIC: 2nd and 4th Saturdays as Holiday to LIC Employees

Holiday-LIC-Employees

Introduction of 'Five Day Week' in LIC of India

F.No.S-11011/21/2015-Ins.1
Government of India
Ministry of Finance
Department of Financial Service

Jeevan Deep Building, Parliament Street,
New Delhi, Dated 20th April, 2018

To
The Chairman,
Life Insurance Corporation of India,
Central Office,
Yogakeshema Building, J.B.Marg,
Mumbai-400021

Sub: Introduction of 'Five Day Week' in LIC of India

Sir,
I am directed to refer LIC's letter Ref: Per/ER/A/G/2015 on the subject mentioned above and to convey Government’s approval for declaring 2nd and 4th Saturday of every month as holiday in Life Insurance Corporation of India, in line with Public Sector Banks. Copy of notification declaring 2nd and 4th Saturdays as holiday in the Corporation is enclosed for further necessary action.

Yours faithfully,
sd/-
(Mritunjay Singh)
Under Secretary to the Government of India
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Cabinet approves release of an additional instalment of DA to Central Government employees and DR to Pensioners, due from 1.1.2019

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