NFIR assumption on DA from Jan 2017

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):-

DEARNESS ALLOWANCE

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

Average for last 12 months = 272.50

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