CPI
April 2015 and DA & Date of effect.
Consumer
Price Index Numbers for Industrial Workers - CPI(IW) for April 2015 is 256 points, increased by 2 pointscompared to March 2015.
DA as on April 2015 is 117.69% Likely DA as on
July 2015 is likely to be 118 % or 119%.
This shows once
again retail prices are going up even though the inflation level is at negative
figure. The vast difference is there between whole sale prices and retail
prices.
Now it is clear that the wages should be
calculated taking into the prices as on 1/1/2015, we cannot estimate in real
sense the prices as on 1/1/2016. The prices may increase or stabilize
which depends upon rainfall, crop supply, demand supply etc.
technically it is incorrect to project the percentage of price rise as on 1/1/2016. Hence the date of effect of 7th CPC should be only 1/1/2015 not 1/1/2016.
technically it is incorrect to project the percentage of price rise as on 1/1/2016. Hence the date of effect of 7th CPC should be only 1/1/2015 not 1/1/2016.
Source:www.karnatakacoc.blogspot.in
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