Understanding the New Industrial DA Rates from January 2015: What Changed and Why?

Dear friends,

As you know, the Industrial DA with effect from 01.10.2014 for 2007 and 1997 scales are 98.1% and 234.5% respectively. With the release of the All India Consumer Price Index for the months of September, October, and November 2014, the Industrial DA with effect from 01.01.2015 will be 100.3% (an increase of 2.2%) and 238% (an increase of 3.5%) respectively.

Note: In my previous posting on projected DA, it was shown as 100% with an increase of 1.9% for 2007 scales. This was due to an increase in the number of digits this time. As a result, the last digit was hidden in my Excel sheet. Now I have corrected it.

Regards, Abbas.P.S

Update on Industrial DA Effective from 01.04.2015

As you know, the Industrial DA effective from 01.01.2015 for the 2007 and 1997 scales is 100.3% and 238% respectively. With the release of the All India Consumer Price Index for the months of December 2014, January, and February 2015, the Industrial DA effective from 01.04.2015 will be 100.5% (an increase of 0.2%) and 238.5% (an increase of 0.5%) respectively.

Regards,
Abbas.P.S