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Sunday, March 25, 2012

65% DA is it Correct ?

The Government has approved 65 % DA, is the price raise and DA corresponding to each other, should we get more DA this questions are being asked.

a) All India Consumer Price Index numbers. AICPIN has been published by Labour Bureau in every month , and an attached office of the Ministry of Labour & Employment... for the base year 2001=100 for Jan 06 the base index is 119 points and the whole sale prices have risen to 197 points as on 1/1/2012, hence difference is 78 points (http://labourbureau.nic.in/indnum.html)

b) According to Associated Chambers of Commerce of India (Assocham) the prices of essential commodities have risen by 85 % from 1.1.2006 to 1.1.2012, Hence DA should have been 85%.

c) Above According to Office of the Economic advisor to Government of India, Ministry of Commerce vide their web site (http://eaindustry.nic.in/wpi_data_display/display_data.asp ) Hence the Government in its own web site has admitted that whole sale prices of essential commodities have increased by over 70%. for 4 years. The prices of essential commodity are as follows

Name of Commodity : Rice

Calendar Year

2010

2009

2008

2007

2006

2005

Index

165.87

154.21

135.58

118.68

107.79

104.43



Name of Commodity : Wheat


Calendar Year

2010

2009

2008

2007

2006

2005

Index

172.18

159.75

144.47

132.84

121.26

100.84


Name of Commodity : Groundnut Oil

Calendar Year

2010

2009

2008

2007

2006

2005

Index

142.18

125.3

134.32

130.64

101.98

98.19




The retail prices from past 6 years have gone up by 170 %

The due DA should have been over 85%. instead of just 65% announced.
the

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