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NewsKarnataka - Bangalore:
Bangalore: The Confederation of Central Government Employees and Workers - Karnataka State, has announced a 48-hour nationwide strike to be held on February 12 and 13.
According to a press release, the employees of Postal, Audit, Accounts, Income Tax, Ground Water Board, Survey of India, Central Excise, Geological Survey of India, among 40 Central Government departments will be participating in the protest.
The General Secretary of the Confederation of Central Government Employees and Workers Karnataka State P.S Prasad has stated that the employees are demanding the implementation of the Seventh Pay Commission recommendations with effect from January 1, 2014.
PHOTO AT POSTAL ACCOUNTS GPO BANGALORE
Recently the Inflation index has gone down from nearly 11% to 9.4 % in last two months, The Consumer Price Index which was at peak in November 2013 at 243 points has gone down to 239 points in December 2013. Since the inflation has gone down from 9.7% to 9.4 % from December 2013 to Jan 2014 , there is a possibility of CPI numbers at 236 in Jan 2014 once again it will be three points down. Already as on 1/1/14 the DA is calculated at 100.56%. The question will be in every person mind that CPI decrease will reduce the DA and we will be below 100%.
As the DA is calculated on 12 months average at 236 points the DA as on Jan 2014 will be still at 101.64, even if the Consumer Price Index is reduced in next four months by 10 points we can expect a DA of 103 or 104 % in July 2014. This effect will only be felt in Jan 2015 DA calculation only . The DA will come down below 100% in Jan 2015 if the Consumer Price Index will come down only below 228 points that means a reduction of 11 points from 239 points as on 1/1/14. It is too early to predict price rise or fall, but we should not have any anxiety for next three or four months on inflation trends or DA going below 100% mark.