AICPIN for April 2024 – DA Calculation Pending for February and March!
Current AICPIN Points: 139.4
Finally, after much anticipation, the Labour Bureau made public the long-awaited press releases for the months of February, March, and April of the year 2024. The release unveiled crucial information regarding the Consumer Price Index for Industrial Workers (CPI-IW), shedding light on the economic landscape of the period. In the report, it was revealed that the Average Index of Consumer Prices for Industrial Workers (AICPIN) points for February 2024 exhibited a slight uptick, increasing by 0.3 points to reach a value of 139.2. Conversely, the All-India CPI-IW for March 2024 experienced a minor decline, decreasing by 0.3 points to settle at 138.9. However, the trend reversed in April 2024, as the All-India CPI-IW surged by 0.5 points, climbing to 139.4, showcasing a fluctuating but dynamic economic environment during the period.
AICPIN Points Table 2024
| Month/Year | AICPIN | Press Release |
| Jan-2024 | 138.9 | PDF Download |
| Feb-2024 | 139.2 | PDF Download |
| Mar-2024 | 138.9 | PDF Download |
| Apr-2024 | 139.4 | PDF Download |
AICPIN for April 2024 – DA Calculation Pending for February, March, and April! The eagerly awaited All India Consumer Price Index (AICPI – IW) points for April 2024 are anticipated to be released on the 31st of May 2024, as per the advance calendar of the Labour Bureau. However, there has been a delay in the publication of the AICPIN points for the past two months.
The AICPIN points for February were scheduled to be released on the 28th of March 2024, followed by the March AICPIN points on the 30th of April 2024, but unfortunately, both releases did not take place as planned. As a result, the pending press releases for February and March are still awaited. With the arrival of the third month, April 2024, hopes are high that all three press releases will be issued on that day.
All India Survey on Domestic Workers
The All India Survey on Domestic Workers is an ambitious undertaking that aims to comprehensively assess the number and proportion of domestic workers not only at the national level but also at the state level. This comprehensive survey seeks to delve deep into the demographic breakdown of domestic workers, shedding light on crucial aspects such as their living arrangements, employment status (whether formal or informal), migration patterns, wages, and various socio-economic characteristics. The survey is a massive endeavor that will cover all 37 states and union territories of India, encompassing a total of 742 districts.
To ensure a representative sample, the enumeration unit will be villages based on the latest 2011 Census data and urban blocks according to the most recent phase of the UFS. Nationally, the survey will span 12,766 First Stage Units (FSUs), including a balance of 6,190 villages and 6,576 UFS blocks. A total of 150,000 households, designated as Ultimate Stage Units (USUs), will be meticulously included in the survey to gather a holistic perspective. The insights and findings garnered from this extensive survey are highly anticipated and expected to be released within a one-year timeframe, providing invaluable data for policymakers, researchers, and stakeholders alike.
AICPIN for April 2024
AICPIN for April 2024: Why Government Employees Are Searching?
AICPIN for April 2024: Every month, over a million central and state government employees and pensioners eagerly search for the AICPIN Press Release, and the reason behind this widespread interest lies in the concept of Dearness Allowance. This critical allowance is calculated based on the trends observed in the AICPIN data, making it an essential factor in the financial lives of government workers. According to the recommendations of the 7th Pay Commission, the AICPI – IW points play a pivotal role in determining the Dearness Allowance percentage. Without access to the specific points of the Consumer Price Index for Industrial Workers Base Year 2016, accurately calculating the Dearness Allowance remains an impossible task for many individuals.
AICPIN for February & March: Pending Update
The eagerly awaited Press Releases of the All India Consumer Price Index for Industrial Workers (AICPI-IW) for the months of February and March are still pending, causing anticipation among analysts and policymakers alike. Sources close to the matter have hinted that the data will be released imminently by the esteemed Labour Bureau. Speculation is rife that the upcoming April 2024 press release may also incorporate the overdue AICPIN figures, bringing much-needed clarity to the inflation scenario.
Furthermore, whispers in the corridors of economic forecasting suggest a potential shift in the base year of the Consumer Price Index (CPI) from the existing 2016 to a new benchmark of 2024. Despite these murmurs, official confirmation regarding the alteration of the base year for the CPI-IW remains elusive, leaving many stakeholders in the realm of economic analysis on tenterhooks.
Expected DA Calculation for July 2024
The Dearness Allowance (DA) is a crucial component of the compensation received by Central and State Government employees, pensioners, and family pensioners. It is provided biannually, with one installment effective from January and the other from July of each year. The first installment of DA for the current year has already been declared, marking an increase of 50% from the previous rate.
As we eagerly await the announcement of the second installment, scheduled to take effect in July 2024, there is a buzz of anticipation among the beneficiaries regarding the estimated DA hike for the latter half of the year. To simplify the process of estimating the new DA rate from July 2024, we offer a convenient online calculator. Stay informed and plan ahead by clicking the link to access this useful tool – Click To Know More