AICPIN for June 2017 confirmed 1% DA Hike from July 2017

The 2 point increase in the AICPIN for the Month of June 2017  has almost confirmed the DA hike to be announced from July 2017 by the Union Cabinet. Labour Bureau has released the CPI for Industrial workers for the month of June 2017 yesterday. According to its press release,  the AICPIN  increased by 2 points and Pegged at 280. With that CPI Point, the Average AICPIN for 12 Months from July 2016 to June 2017  is 276.92. It increases the total DA from 4% to 5.93% . But due to the practice of ignoring the fractions from the figure  arrived through the DA calculation, the existing 4% DA will be increased to 5% only from July 2017 . The DA will be announced by the Union cabinet  in the first week of September 2017