The Labour Bureau, Government of India has released All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of May 2011. The value of the index for May 2011 is 187. Based on the figures of last relevant months the Dearness Allowance for Central Government Employees is likely to be raised to 58% i.e. 7% increase over current rate of 51% if point to point inflation in June has not seen wild fluctuations.
The final figure however will be calculated by Aug and the formal orders will be issued in Sept 2011.
No comments:
Post a Comment