Dear Friends,
The All India Consumer Price Index for Industrial Workers stood at 163 for the month of September 2009. Hence the expected DA from 01.01.2010 would be 35% as detailed below. It is presumed that the price index for 10/09 would be 164, 11/09 would be 165 and 12/09 would be 166. Then the average 12 monthly index as on 01.01.2010 will be 156.50. Thus DA calculation is 156.50 (-) 115.76 =40.74X100/115.76 = 35.193504%. =35%
01/09: 148
02/09: 148
03/09: 148
04/09: 150
05/09: 151
06/09: 153
07/09: 160
08/09: 162
09/09: 163
10/09:[164]Expected
11/09:[165]Expected
12/09:[166]Expected
Total: 1878 and Tweleve monthly average = 1878/12= 156.50