Friday, 2 October 2015
The Labour Bureau, Ministry of Labour & Employment have announced the All-India CPI-IW for August 2015. It stands at 264, an increase of 1 point from 263 for the month of July. On 1-month percentage change, it increased by (+) 0.38 per cent between July, 2015 and August, 2015 when compared with the increase of (+) 0.40 per cent between the same two months a year ago. Read the full press note here.
It is too early to conclude the dearness allowance from January 2016. However it can be assumed that the hike from Jan 2016 will be 6% to 125% .