AICPIN(IW) 2016=100 FOR NOV'24. NO CHANGE

[MOHAN P]

Dear Friends,

Labour Bureau, Ministry of Labour and Employment, Govt. Of India released the AICPIN-IW 2016=100 for the month of November’24,to day as follows:

The All-India CPI-IW for November, 2024 remained stationary at 144.5 points (one hundred forty four point five).

Month                  Base year.

             2016=100            1960=100

Oct'24  144.5                    9499.23

Nov'24  144.5                   9499.23

Pensioners DR for next half year will be arrived based on quarterly index numbers for Oct, Nov & Dec'24.

Based on available index numbers and if same level is maintained in next month too  it may be assumed that pensioners(retired up to 31.10.2022)DR, payable for next half year w.e.f Feb'25,may have minimum  70  slabs increase..

Please note that exact increase can  only be arrived on release of  Dec'24 figure.

 

06-01-2025.

[Premkumar VJ]

The All India Consumer Price Index for Agricultural Labourers (AL) and Rural Labourers (RL) increased by 5 points each, from November 2024 to December 2024.
Whereas Industrial Workers  (IW) index remained the same...! There is no increase...!! From this,it is clear that the  Industrial Workers index alone is manipulated, to curtail DA increase for everyone...!!!
Who will take this issue with the government, to get justice for the working class & retirees of all departments...?

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[MOHAN P]

The perception and methodology of compiling CP  index is on certain factors, as per which:

In India, Consumer Price Indices are compiled for five different segments of population namely industrial workers, agricultural labourers, rural labourers, urban population and rural population.

Consumer Price Index (CPI) is designed to measure the changes over time in the level of retail prices of a fixed set of goods and services consumed by an average family of a defined population group in a given area with reference to base year. It does not measure costliness of a place as the same involves quantity as well as price but in Consumer Price Index only price changes are reflected and not quantity changes. However, this aspect could be taken care of to some extent, by revising the base year of the index at short intervals, so that relative importance of items in the family budget of the given population based on latest consumption pattern is reflected in the index.

While comparing  the index numbers, of different segments, it is to be noted that The  consumer Price Index Numbers for Agricultural and Rural Labourers are followed  Base Year 1986-87=100 series, where as under AICPIN for industrial workers the series of 2016=100 is taken. 

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[JSOMA SHEKARA]

If you have concrete evidence that it is manipulated, legal action can be taken.

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[Sridhar Mandyam]

There is no reason that if one index raises, the other index also should raise. Both are calculated differently

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[Mahadevan Lakshminarayanan]

How much Increase in DA
Basic pension Rs.16550/
retired in 2012. October.

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[MOHAN P]

Dear Mr Mahadevan, 

Just for an understanding:

As I have said, in above Msg,the rise/fall of AICPIN. IW 2016=100 for Dec'24 may be known only at the end of current month. Average index numbers can be arrived then only. Rest are only assumptions only. 

So same index number(144.5)is unchanged in Dec too  DR rate may be at 249.75% in your case. Actual may vary. 

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[nook raju]

If I am right you are retired in 9th BPS, if DA increases 70 slab means 70x0.15=10.50%=1737.75 bet increase. 

E&OE

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[Mahadevan Lakshminarayanan]

Thank you for your prompt reply.

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[AJIT SINGH]

Rs.1738/-

On Thu, 9 Jan, 2025, 3:34 pm Mahadevan Lakshminarayanan, <cgv...@gmail.com> wrote:

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