NFIR assumption on DA from Jan 2017

Probable DA rise w.e.f. 01-01-2017 if 277 continues 4.24% (round off to 4%)

NFIR General Secreatry Shri M.Raghavaiah writes to its affiliates regarding the Dearness Allowance formula after 7th CPC and the expectation on next additional dearness allowance from Jan 2017.

All India Consumer Price Index (IW) for the purpose of calculation of Dearness Allowance entitlement – reg.

NFIR 

National Federation of Indian Railwaymen

3, Chelmsford Road, New Dlehi – 110055

No.I/5(A)/Part I

Dated: 01-11-2016

The General Secretaries of

Affiliated Unions of NFIR

Brother,

Sub: All India Consumer Price Index (IW) for the purpose of calculation of Dearness Allowance entitlement – reg.

The table placed below shows the year/month wise Consumer Price Index (CPI):-

Year/Month wise CPI	Jan	Feb	March	April	May	June	Average	July	August	Sept	Oct	Nov	Dec	Average
2006	119	119	119	120	121	123		124	124	125	127	127	127	122.92
2007	127	128	127	128	129	130	126.92	132	133	133	134	134	134	130.75
2008	134	135	137	138	139	140	135.25	143	145	146	148	148	147	141.67
2009	148	148	148	150	151	153	147.92	160	162	163	165	168	169	157.08
2010	172	170	170	170	172	174	167.92	178	178	179	181	182	185	175.92
2011	188	185	185	186	187	189	183.33	193	194	197	198	199	197	191.25
2012	198	199	201	205	206	208	199.58	212	214	215	217	218	219	209.33
2013	221	223	224	226	228	231	220.67	235	237	238	241	243	239	232.17
2014	237	238	239	242	244	246	239.92	252	253	253	253	253	253	246.92
2015	254	253	254	256	258	261	254.42	263	264	266	269	270	269	261.42
2016	269	267	268	271	275	277	269.00	280	278	277

Average for last 12 months = 272.50

DEARNESS ALLOWANCE

Dearness Allowance Formula = (Average of AICPIW for last 12 months) – 261.42 x 100 / 261.42

Probable DA rise w.e.f. 01-01-2017 if 277 continues 4.24% (round off to 4%)

However the figures upto and inclusive December 2016 will be known during January 2017.

Yours fraternally,

sd/-

(Dr. M.Raghavaiah)

General Secretary

Source: NFIR