29-11-2014 4 PM CHQ NEWS
NO PRICE RISE, NO INCREASE IN THE
INDEX!!
The Consumer price Index for October 2014 is declared. It is 253 Points.
Index for September 2014 was also 253 points.
Again, the Index for August 2014 was also the same 253 point!!
IDA with from January 2015 will be decided on the basis of Indices for three months
of September, October and November 2014.
November Index will be announced on 31-12-2014.
It may be same 253 points or 254 points.
If it is 253 points, then, the IDA from January 2015 will be 100.3%
If the November index is 254 points, the IDA rate from January 2015 will be 100.5%.
FUTURE DA RATE
The government has decided to recast the Consumer Price Index
by changing the base year to 2015= 100 points.
We have not yet studied the proposal in detail.
Not only the base year is being changed.
Entire method of calculating the cost of living is being changed.
Employees and pensioners getting DA (CDA or IDA) will be affected adversely, no doubt.
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Saturday 29 November 2014
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