After the declaration of AICPIN for the month of July 2018, it is observed that there is a possibility for DA hike up to 4% from the month of January 2019.
Possibility for 4 Percent DA hike from January
The Labour Bureau issued the Press Release on 31-8-2018 to declare 10 points increase in the AICPIN for the month of July 2018. it was announced that Consumer Price Index for Industrial workers increased 10 Points and pegged at 301. It is the highest increase in last four years.
The sudden increase of 10 Points in AICPIN will reflect in DA hike from the Month of January 2019. Monthly two points increase in AICPIN for remaining months are enough to make this DA hike to go up to 4 % positively [ Check this DA Calculator]
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It is very good information to all cge
Since the AICPIN remained at 301 in August, 2018 the present possibility of DA in January 2019 is 12% ie 3% hike. If AICPIN increases to 302 in September, 303 in October and 304 in Novermber and December, 2018, then the DA in January will be 13% ie. 4% hike.
INR has been depriciated at least 20% i.e. from 60to 72.Therefore Government should announce 20%hike of DA on basic pay immediately as future is not visible