Monday 31 May 2021

Expected DA from July 2021 almost be 31% subject to non-reduction in next month AICPIN

 Expected DA from July 2021 almost be 31% subject to non-reduction in next month AICPIN

The Labour Bureau has publishes the All India Consumer Price Index for Industrial Workers (AI CPI-IW) for the month of April 2021. The index increased by 0.5 points and stood at 120.1 (one hundred twenty and point one). On 1-month percentage change, it increased by 0.42 per cent with respect to previous month whereas there was a decline of 0.92 per cent between corresponding months a year ago. 

The maximum upward pressure in current index came from Food & Beverages group contributing 0.43 percentage points to the total change.

DA from July, 2021 almost be 31% if next month AICPIN will not be reduced.  

The increase is a minor one but giving considerable impact on expected Dearness Allowance, the CPI-IW upto the month of April 2021 is using for the calculation of the Dearness Allowance from July 2021 and two more figures are required for this. The government has frozen the DA till June 2021. Hence it is expected that the Hike DA will be available from the month of July 2021 or even earlier. Following table is showing that DA/DR from July, 2021 is expected to be 31%. If next months CPI (IW) will reduce to more than 0.2 points be less than 119.9 point the DA/DR from July, 2021 can be stop at 30%.  With this four months figure it is now clear that rate of DA from July, 2021 almost be 31%. 

Expected DA from July 2021 – Dearness Allowance almost be 31%: Table by staffnews.in

Expected DA from July, 2021 – Table by staffnews.in

MonthBase Year 2001 = 100Base Year 2001 = 100Total of 12 MonthsTwelve monthly Average% increase over 115.76 for 6CPC DA% increase over 261.42 for 7CPC DA7CPC DA announced or computed
Aug,193203710309.17167.08%18.26% 
Sep,193223731310.92168.59%18.93% 
Oct,193253754312.83170.24%19.67% 
Nov,193283780315.00172.11%20.50% 
Dec,193303809317.42174.20%21.42%21%
Jan,203303832319.33175.86%22.15% 
Feb,203283853321.08177.37%22.82% 
Mar,203263870322.50178.59%23.36% 
Apr,203293887323.92179.82%23.91% 
May,203303903325.25180.97%24.42% 
Jun,203323919326.58182.12%24.93%24%
Jul,203363936328.00183.34%25.47% 
Aug,203383954329.50184.64%26.04% 
Sep,20118.13403972331.00185.94%26.62% 
Oct,20119.53443991332.58187.30%27.22% 
Nov,20119.93454008334.00188.53%27.76% 
Dec,20118.83424020335.00189.39%28.15%28%
Jan,21118.23404030335.83190.11%28.47% 
Feb,21119.03434045337.08191.19%28.94% 
Mar,21119.63444063338.58192.49%29.52% 
Apr,21120.13464080340.00193.71%30.06% 
May,21120.13464096341.33194.86%30.57% 
Jun,21120.13464110342.50195.87%31.02% 31%
Jul,21120.13464120343.33196.59%31.33%

 

Table of 7th Central Pay Commission Dearness Allowance  announced or computed

Month

CPI (IW) Base Year 2016 = 100CPI (IW) Base Year 2001 = 1007CPC DA announced or computed

Jan,16

2690%
Jul,16280

2%

Jan,17

2744%
Jul,17285

5%

Jan,18

2887%
Jul,18301

9%

Jan,19

30712%
Jul,19319

17%

Jan,20

33021% [approved]
Jul,20336

24% [confirm]

Jan,21

118.2340

28% [confirm]

Jul,21120.1346

31% [expected]

****

 

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Family Pension Rules simplified in view of the COVID pandemic

 Family Pension Rules simplified in view of the COVID pandemic

Family Pension Rules simplified in view of the COVID pandemic

Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh informed here today that the Family Pension Rules have been simplified in view of the COVID pandemic.

Giving a brief about the important reforms undertaken by the Department of Pension & Pensioners Welfare (DoP&PW) during the COVID-19 pandemic, Dr Jitendra Singh said, a provision was recently made for the Provisional Family Pension to be sanctioned immediately on receipt of claim for Family Pension and Death Certificate from the eligible family member without waiting for other formalities or procedural requirements to be completed. This provision, he said, is applicable in case of death happening during the pandemic, either because of COVID or because of non-COVID cause.

In accordance with Rules 80 (A) of the CCS (Pension) Rule 1972, on death of the government servant during service, Provisional Family Pension could be sanctioned to the eligible member of the family, only after the Family Pension case has been forwarded to the Pay and Accounts Office. However, in view of the ongoing pandemic, instructions were issued that Provisional Family Pension may be sanctioned immediately on receipt of a claim for Family Pension and Death Certificate from the eligible family member, without waiting for forwarding of the Family Pension case to Pay and Accounts Office.

Similarly, the Minister informed that in view of the COVID pandemic another important reform announced recently provides that payment of Provisional Pension may be extended up to a period of one year from the date of retirement with the concurrence of PAO and after the approval by the Head of the Department.

As per the Rule 64 of CCS (Pension), 1972, Provisional Pension is normally sanctioned for a period of six months in cases whether a government servant is likely to retire before finalization of his pension. However, in view of the COVID pandemic, instructions were issued for grant of Provisional Family Pension in accordance to Rule 64 where there is a delay in submission of papers.

Dr Jitendra Singh said, in the wake of the pandemic, the Department of Pension and Pensioners Welfare has been, from time to time, very sensitively responding to each of the issues concerned with Pensioners and elder citizens. Reforms are also being undertaken accordingly, he added.

Source : PIB


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How To Purchase Postal Life Insurance & Rural Postal Life Insurance Online Through Customer Portal !!

 How To Purchase Postal Life Insurance & Rural Postal Life Insurance Online Through Customer Portal !!

 In Customer Portal, currently there is no option for Customers to upload documents. 

Hence, customer has to approach nearby CPCs, submit the Proposal forms & KYCs etc for further processing.

In order to avoid this, an option is introduced in this functionality

πŸ‘‰ Customers can directly upload all necessary documents in a single file.

πŸ‘‰ Customer can purchase a new proposal through online.

πŸ‘‰ Customer can pay initial premium.
πŸ‘‰ Customer can upload the document in online.
πŸ‘‰ E-mail with link will be triggered to customer registered email for initial premium payment and also for uploading documents separately.

Process Flow For Customers:

Customer Portal
⬇️
Purchase a Policy
⬇️
Quote
⬇️
Customer will submit the proposal form in Customer Portal GET QUOTE OPTION
with valid phone number and email id and correct PIN code..



πŸ”— Once the proposal is submitted, email will be triggered to customer email id with proposal number and link to do initial premium payment.
πŸ”— Customer will access the URL provided in the email. 
πŸ”— Payment using link -Customer will access the link provided in email.
πŸ”—Proposalwill be auto populated.

Payment using Menu- Customer can also visit customer portal, access Initial Payment' menu, enter the proposal number to fetch proposal details from McCamish.

A link will be sent through email for document upload, customer can also upload the relevant documents through Document upload menu in the drop down of Purchase a policy Customer Portal

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Expected DA – AICPIN for the month of April 2021 increased by 0.5 points and stood at 120.1

 Expected DA – AICPIN for the month of April 2021 increased by 0.5 points and stood at 120.1

Ministry of Labour & Employment

Consumer Price Index for Industrial Workers (2016=100) – April, 2021

Posted On: 31 MAY 2021 3:36PM by PIB Delhi

Key Points

All-India Consumer Price Index for Industrial Workers (2016=100) for April, 2021 increased to 120.1 points compared to 119.6 points for March, 2021.

The increase observed in index is mainly due to items like Arhar Dal, Masur Dal, Fish Fresh, Goat Meat, Poultry Chicken, Eggs-Hen, Edible Oils, Apple, Banana, Grapes, Leechi, Orange, Papaya, Tea Leaf, Tea Hot-drink, Barber/Beautician Charges, Flowers/Flower Garlands, Doctor’s Fee, Rail Fare, Servicing Charges of Motor Cycle, Cable Charges, etc. which experienced an increase in prices.

Inflation for April, 2021 went down to 5.14 per cent compared to 5.64 per cent of previous month. Food inflation also declined to 4.78 per cent from 5.36 per cent in the previous month.

The All-India CPI-IW for April, 2021 increased by 0.5 points and stood at 120.1 (one hundred twenty and point one). On 1-month percentage change, it increased by 0.42 per cent with respect to previous month compared to an increase of 0.92 per cent recorded between corresponding months a year ago.

The maximum upward pressure in current index came from Food & Beverages group contributing 0.43 percentage points to the total change. At item level, Arhar Dal, Masur Dal, Fish Fresh, Goat Meat, Poultry Chicken, Eggs-Hen, Edible Oils, Apple, Banana, Grapes, Leechi, Orange, Papaya, Tea Leaf, Tea Hot-drink, Barber/Beautician Charges, Flowers/Flower Garlands, Doctor’s Fee, Rail Fare, Servicing Charges of Motor Cycle, Cable Charges, etc. are responsible for the rise in index. However, this increase was largely checked by Rice, Onion, Bitter Gourd, Drum Stick, Lady Finger, Parval, Cooking Gas, Petrol, etc. putting downward pressure on the index.

At centre level, Jabalpur recorded maximum increase of 3.6 points followed by Raipur and Bhavnagar with 3.2 and 3.1 points respectively. Among others, 6 centres observed an increase between 2 to 2.9 points, 11 centres between 1 to 1.9 points and 49 centres between 0 to 0.9 points. On the contrary, Coonoor recorded a maximum decrease of 2.3 points. Among others, 3 centres observed a decline between 1 to 1.9 points and remaining 15 centres between 0 to 0.9 points.

Year-on-year inflation for the month stood at 5.14 per cent compared to 5.64 per cent for the previous month and 5.45 per cent during the corresponding month of the previous year. Similarly, Food inflation stood at 4.78 per cent against 5.36 per cent of the previous month and 6.56 per cent during the corresponding month a year ago.

Y-o-Y Inflation based on CPI-IW (Food and General)

expected-da-aicpin-for-the-month-of-april-2021-y-o-y-inflation

 

All-India Group-wise CPI-IW for March and April, 2021

Sr. No.GroupsMarch, 2021April, 2021
IFood & Beverages118.0119.1
IIPan, Supari, Tobacco & Intoxicants136.5137.3
IIIClothing & Footwear118.7119.0
IVHousing115.2115.2
VFuel & Light149.2148.7
VIMiscellaneous118.1118.3
General Index119.6120.1

CPI-IW: Groups Indices

expected-da-aicpin-for-the-month-of-april-2021-groups-indices

 

The next issue of CPI-IW for the month of May, 2021 will be released on Wednesday 30th June, 2021. The same will also be available on the office website www.labourbureaunew.gov.in.

Speaking about the latest index, Minister of State (I/C) for Labour and Employment Shri Santosh Gangwar said “the rise in index will result into increased wages of working class population by way of increase in dearness allowance payable to them.”

Further he added that “Decline in inflation during April, 2021 is a sign of respite for consumers which is mainly due to lower retail prices of vegetables.”

Director General of Labour Bureau Shri DPS Negi said that “the rise in Index during April, 2021 is in line with all other price indices compiled and released & Decline in inflation during the month has been observed across all retail price indices released by other Government agencies.”

The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month.

Source: PIB

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