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Friday, September 28, 2012

EXPECTED DA WEF 01 JAN 2013

   EXPECT  8 % DA WEF JAN 2013

 

MonthAll India Index% of increase
Jul-12  212           73.78
Aug-12  214           75.22

Sep-12    215              76.51

Oct-12    217            77.88

Nov-12  218         79.25

Dec-12  219          80.83



AICPIN for the month of December 2012

Consumer Price Index Numbers for Industrial Workers (CPI-IW) December 2012 

The All-India CPI-IW for December, 2012 rose by 1 point and pegged at 219 (two hundred and nineteen). On 1-month percentage change, it increased by 0.46 per cent between .November and December compared with (–)1.01 per cent between the same two months a year ago.
 The largest upward contribution to the change in current index came from Miscellaneous Group which increased by 1.08 per cent, contributing 0.49 percentage points to the total change. This was followed by Clothing, Bedding & Footwear and Fuel & Light groups with 1.17 and 0.92 percent respectively contributing 0.13 and 0.10 percentage points to the change. At item level , largest upward pressure came from Rice, Wheat Atta, Groundnut oil, Fish Fresh, Goat Meat, Poultry (Chicken), Onion, Tea (Leaf), Tea (readymade),Electricity charges, Firewood, Sweater, E.S.I. contribution, Medicine (Allopathic), Private Tution Fees, us fare, Flower/ Flower Garlands, Tailoring Charges, etc.
The largest downward contribution to the change in current index came from Vegetables & Fruits with a decline of (-) 8.33 per cent contributing (-) 1.21 percentage points to the total change.
The year-on-year inflation measured by monthly CPI-IW stood at 11.17 per cent for December, 2012 as compared to 9.55 per cent for the previous month and 6.49 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 13.53 per cent against 10.85 per cent of the previous month and 1.97 per cent during the corresponding month of the previous year.
At centre level, Hubli Dharwar recorded the largest increase of 10 points followed by Quilon (8 points) and Mundalakkayam and Ernaculam (7 points each) and Mysore (5 points). Among others, 4 per cent rise was registered in 2 centres, 3 points in one centre, 2 points in 11 centres and one point in 12 centres. Doom Dooma Tinsukiya centre reported a decline of 5 points followed by Jalpaiguri and Faridabad 4 points each. Among others 6 centres registered a fall of 3 points, 11 centres registered a fall of 2 points and 13 centres registered a fall of 1 point. Rest of the 14 centres indices remained stationary.
The indices of 37 centres are above All-India Index and other 37 centres’ indices are below national average. The indices of Jabalpur, Bengaluru, Chandigarh and Haldiya remained at par with all-India index.
The next index of CPI-IW for the month of January, 2013 will be released on Thursday, February 28, 2013 and will be uploaded on the office website www.labourbureau.nic.in on the same day.

AICPIN for the month of November 2012

The All-India CPI-IW for November, 2012 rose by 1 point and pegged at 218 (two hundred and eighteen). On 1-month percentage change, it increased by 0.46 per cent between October and November compared with 0.51 per cent between the same two months a year ago.
The largest upward contribution to the change in current index came from food items which increased by 0.86 per cent, contributing 1.01 percentage points to the total change. At item level, largest upward pressure came from Rice, Wheat Atta, Goat Meat, Milk, Onion, Potato, Tea (readymade), Snack Saltish, etc. The other items like Cooking Gas, Medicine (Allopathic), Bus Fare, Auto Rickshaw Fare, Flower/Flower Garlands, Tailoring Charges, etc. also put upward pressure in total change.
The largest downward contribution to the change in current index came from Pulses and Products with a decline of 0.38 per cent, contributing (-) 0.03 percentage points to the total change. However, at item level, vegetable & fruit items like Cauliflower, Radish, Palak, Brinjal and Orange put downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 9.55 per cent for November, 2012 as compared to 9.60 per cent for the previous month and 9.34 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 10.85 per cent against 9.91 per cent of the previous month and 7.61 per cent during the corresponding month of the previous year.
At centre level, Mysore recorded the largest increase of 7 points followed by Vijaywada (6 points) and Guntur, Tiruchirapally, Coimbatore and Bengluru (5 points each). Among others, 4 points rise was registered in 7 centres, 3 points in 10 centres, 2 points in 6 centres and 1 point in 20 centres. Nagpur centre reported a decline of 2 points and other 9 centres registered a fall of 1 point each. Rest of the 19 centres’ indices remained stationary.
The indices of 41 centres are above All-India Index and other 36 centres’ indices are below national average. Puducherry’s index remained at par with all-India index.
The next index of CPI-IW for the month of December, 2012 will be released on Thursday, January 31, 2012.



AICPIN for the month of October 2012

Consumer Price Index Numbers for Industrial Workers (CPI-IW) October 2012

The All-India CPI-IW for October, 2012 rose by 2 points and pegged at 217 (two hundred and seventeen). On 1-month percentage change, it increased by 0.93 per cent between September and October compared with 0.51 per cent between the same two months a year ago.
The largest upward contribution to the change in current index came from food items which increased by 0.43 per cent, contributing 0.45 percentage points to the total change. At item level, largest upward pressure came from Rice, Wheat & Wheat Atta, Milk, Tea (readymade), Snack Saltish, Snack Sweet, Onion, etc. The other items like Cooking Gas, Electricity Charges, Fire wood, Medicine (Allopathic), Doctors’ Fee, Bus Fare, Cinema Charges, etc. also put upward pressure in total change.
The largest downward contribution to the change in current index came from Oils and Fats with a decline of 1.08 per cent, contributing (-) 0.10 percentage points to the total change. The main downward pressure came from Groundnut Oil, Coconut Oil, Vanaspati Ghee and Palm Oil.
The year-on-year inflation measured by monthly CPI-IW stood at 9.60 per cent for October, 2012 as compared to 9.14 per cent for the previous month and 9.39 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 9.91 per cent against 11.00 per cent of the previous month and 8.72 per cent during the corresponding month of the previous year.
At centre level, Monger Jamalpur and Siliguri recorded the largest increase of 6 points each followed by Labac Silchar, Guntur, Salem, Jharia, Coimbatore, Sholapur, Jalpaiguri, Kodarma, Mariani Jorhat, Bengluru and Tripura (4 points each). Among others, 3 points rise was registered in 7 centres followed by 2 points in 21 centres and 1 point in 11 centres. Hubli Dharwar centre reported a decline of 4 points followed by Goa with 3 points, Chennai and Varanasi with 2 points each and other 6 centres registered a fall of 1 point. Rest of the 16 centres’ indices remained stationary.
The indices of 38 centres are above All-India Index and other 39 centres’ indices are below national average. Bokaro’s index remained at par with all-India index.
The next index of CPI-IW for the month of November, 2012 will be released on Monday, December 31, 2012.


AICPIN for the month of September 2012

Consumer Price Index Numbers for Industrial Workers (CPI-IW) September 2012

The All-India CPI-IW for September, 2012 rose by 1 point and pegged at 215 (two hundred and fifteen). On 1-month percentage change, it increased by 0.47 per cent between August and September compared with 1.55 per cent between the same two months a year ago.



The largest upward contribution to the change in current index came from food items which increased by 0.87 per cent, contributing 0.68 percentage points to the total change. At item level, largest upward pressure came from Rice, Wheat & Wheat Atta, Grinding Charges, Arhar Dal, Eggs-Hen, Fish Fresh, Goat Meat, Milk-Buffalo, Tea (readymade), etc. Miscellaneous items like Electricity Charges, Fire wood, Medicine (Allopathic), etc. also put upward pressure in total change



The largest downward contribution to the change in current index came from Vegetables and Fruits with a decline of 4.38 per cent, contributing (-) 0.67 percentage points to the total change. The main downward pressure came from Tomato, Chilies-Green Apple & Banana.



The year-on-year inflation measured by monthly CPI-IW stood at 9.14 per cent for September, 2012 as compared to 10.31 per cent for the previous month and 10.06 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 11.00 per cent against 12.20 per cent of the previous month and 8.29 per cent during the corresponding month of the previous year.

At centre level, Chhindwara recorded the largest increase of 8 points followed by Jalpaiguri and Ranchi Hatia (7 points each), Nasik (5 points) and Jharia (4 points). Among others, 12 centres registered a rise of 3 points followed by 2 points in 16 centres and 1 point in 22 centres. Giridih centre reported a decline of 3 points followed by Bhilwara with 2 points and other 7 centres registered a fall of 1 point each. Rest of the 14 centres’ indices remained stationary.


The indices of 40 centres are above All-India Index and other 37 centres’ indices are below national average. Ghaziabad’s index remained at par with all-India index.


The next index of CPI-IW for the month of October, 2012 will be released on Wednesday, November 30, 2012.

AICPIN for the month of August 2012

Consumer Price Index for Industrial Workers (CPI-IW), August, 2012

The All-India CPI-IW rose by 2 points in August, 2012 and pegged at 214 (two hundred and fourteen). On 1-month percentage change, it increased by 0.94 per cent between July and August compared with 0.52 per cent between the same two months a year ago.
The largest upward contribution to the change in current index came from food prices which rose by 1.24 per cent, contributing 1.31 percentage points to the total change. At item level, largest upward pressure came from Sugar, Arhar Dal, Wheat & Wheat Atta, Rice, Potato, Mustard & Groundnut Oil, Milk Buffalo, Banana, Goat Meat, Onion, Medicine (Allopathic) and Private Tuition Fee.
The largest downward contribution to the change in current index came from Vegetables and Fruits with a decline of 2.72 per cent, contributing (-) 0.42 percentage points to the total change. The main downward pressure came from Tomato, Fish Fresh, Chillies Green, Cabbage & Lady’s Finger.
The year-on-year inflation measured by monthly CPI-IW stood at 10.31 per cent for August, 2012 (over August, 2011) as compared to 9.84 per cent for the previous month and 8.99 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 12.20 per cent against 11.27 per cent of the previous month and 7.33 per cent during the corresponding month of the previous year.
At centre level, largest increase of 9 points has been recorded in Giridih followed by Ludhiana (8 points), Asansol and Rourkela (7 points each) and Bhopal and Chhindwara (6 points each). Among others, 4 centres have recorded rise of 5 points followed by 4 points in 8 centres, 3 points in 13 centres, 2 points in 10 centres and 1 point in 15 centres. Mysore centre reported a decline of 6 points followed by Bengluru centre with 5 points, Guwahati with 2 points and 7 centres registered a fall of 1 point each. Rest of the 12 centre’s indices remained stationary.
The indices of 39 centres are above All-India Index and 37 centre’s indices are lower than national average. Two centres viz. Vijaywada and Tiruchirapally are at par with all-India index.
The next index of CPI-IW for the month of September, 2012 will be released on Wednesday, October 31, 2012.

Tuesday, September 25, 2012

Demands of Ex-servicemen pensioners Approved


Rs.2300 crore Approved to meet the demands of Ex-servicemen Pensioners

The Union Cabinet has approved the recommendations of the Committee headed by Cabinet Secretary for benefits to ex-servicemen on four issues. The financial implications of the improvements made as per the Cabinet decision on the four items are broadly estimated at Rs.2300 crore per annum. The details are as follows:

I. One Rank One Pension:

On One Rank One Pension, the demand of the Defence Forces and Ex-Servicemen Associations is that uniform pension be paid to the Defence Forces personnel retiring in the same rank with the same length of service irrespective of their date of retirement and any future enhancement in the rates of pension be automatically passed on to the past pensioners.
The difference in the pension of present and past pensioners in the same rank occurs on account of the number of increments earned by the defence personnel in that rank. There is also a difference between the pension of pre 1.1.06 and post 1.1.06 retirees belonging to a particular rank. The UPA Government on two previous occasions has taken decisions to narrow the gap between the present and past pensioners, particularly those belonging to the ranks of JCOs and Other Ranks.

On the issue of One Rank One Pension, the following have been approved by the Cabinet:

(i) Bridging of the gap in the pension of pre 1.1.06 and post 1.1.06 JCO/OR retirees by determining the pension of pre 1.1.06 retirees on the basis of notional maximum for ranks and groups across the three Services as in the case of post 1.1.06 retirees. In addition, the weightage of qualifying service in the ranks of Sepoys, Naik and Havaldar would be increased by two years for both pre and post 1.1.06 retirees.
(ii) The pension of pre 1.1.06 Commissioned Officer pensioners would be stepped up with reference to the minimum of fitment table for the ranks instead of the minimum of pay band.
These are expected to largely meet the demands of the defence pensioners on one rank one pension.

II. Enhancement of Family Pension :

(i) The pension of pre – 1.1.2006 family pensioners(Commissioned Officers, Honorary Commissioned Officers, JCOs/ORs ) be stepped up based on the minimum of the fitment table instead of the minimum of the Pay Band;
(i) Establishing linkage of the family pension with the pension of JCOs/ORs, in those cases where the death takes place after the retirement of the JCO/OR since such a JCO/OR drew a pension based on the maximum of the pay scales, 60% of the pension applicable to JCO/OR pensioners would be granted to the family pensioner in case of normal family pension calculated a 30% of last pay drawn. Accordingly, based on the rank, group and length of service of the deceased JCO/OR pensioner, his pension would first be determined on notional basis. In cases where death of JCO/OR took place after retirement, the family pensioners in receipt of normal family pension would become entitled to 60% of the said pension determined on notional basis and those in receipt of enhanced family pension will be entitled to 100% of this pension. Similar entitlements would be determined in the case of Special Family Pension; and
(ii) The family pensioner of the JCO/OR would be granted pension arrived at on the basis of the family pension worked out as per the formulation at (i) above or the pension on the basis of stepping up with reference to the minimum of the fitment table, whichever is beneficial. Further, the linkage of family pension with retiring pension be applied in the case of post 1.1.2006 family pensioners of JCOs/ORs also.

III. Dual Family Pension:

Dual family pension would be allowed in the present and future cases where the pensioner drew, is drawing or may draw pension for military service as well as for civil employment.

IV. Family pension to mentally / physically challenged children of armed forces personnel on marriage:

Grant of family pension to mentally/physically challenged children who drew, are drawing or may draw family pension would continue even after their marriage.
The above recommendations made by the Committee on pension issues of Ex-Servicemen may be implemented from a prospective date and payment made accordingly.

Monday, September 24, 2012

NEW INCOME TAX SAVING SCHEME


FM APPROVES RAJIV GANDHI EQUITY SAVINGS SCHEME FOR RETAIL INVESTORS

The  Union  Finance Minister, Shri. P. Chidambaram approved a new tax saving scheme called “Rajiv Gandhi Equity Saving Scheme“(RGESS), exclusively for the first time retail investors in securities market. This Scheme would give tax benefits to new investors who invest up to Rs. 50,000 and whose annual income is below Rs. 10 lakh.
The Scheme not only encourages the flow of savings and improves the depth of domestic capital markets, but also aims to promote an ‘equity culture’ in India.  This is also expected to widen the retail investor base in the Indian securities markets.
Salient features of the Scheme are as under: 
a. Scheme is open to new retail investors, identified on the basis of their PAN numbers. This includes those who have opened the Demat account but have not made any transaction in equity and /or in derivatives till the date of notification of this Scheme and all those account holders other than the first account holder who wish to open a fresh account.
b. Those investors whose annual taxable income is ≤ Rs. 10 lakhs are eligible under the Scheme.
c. The maximum Investment permissible under the  Scheme is Rs. 50,000  and the investor would get  a 50% deduction of the amount invested from the taxable income for that year.
d. Under the Scheme, those stocks listed under the BSE 100 or CNX 100, or those of public sector undertakings which are Navratnas, Maharatnas and Miniratnas would be eligible. Follow-on Public Offers (FPOs) of the above companies would also be eligible under the  Scheme. IPOs of PSUs, which are getting listed in the relevant financial year and whose annual turnover is not less than Rs. 4000 cr for each of the immediate past three years, would also be eligible.
e. In addition, considering the requests from various stakeholders, Exchange Traded Funds (ETFs) and Mutual Funds (MFs) that have RGESS eligible securities as their underlying and are listed and traded in the stock exchanges and settled through a depository mechanism have also been brought under RGESS.
f. To benefit the small investors, the investments are allowed to be made in instalments in the year in which tax claims are made.
g. The total lock-in period for investments under the Scheme would be three years including an initial blanket lock-in period of one year, commencing from the date of last purchase of securities under RGESS.
h. After the first year, investors would be allowed to  trade in the securities in furtherance of the goal of promoting an equity culture and as a provision to protect them from adverse market movements or stock specific risks as well as to give them avenues to realize profits.
i. Investors would, however, be required to maintain their level of investment during these two years at the amount for which they have claimed income tax benefit or at the value of the portfolio before initiating a sale transaction, whichever is less, for at least 270 days in a year. The calculationof 270 days includes those days pursuant to the day on which the market value of the residual shares /units has automatically touched the stipulated value after the date of debit.
j. The general principle under which trading is allowed is that whatever is the value of stocks / units sold by the investor from the RGESS portfolio, RGESS compliant  securities  of at least the same value  are credited back into the account subsequently. However, the investor is allowed to take benefits of the appreciation of his RGESS portfolio, provided its value, as on the previous day of trading, remains above the investment for which they have claimed income tax benefit.
k. For the purpose of valuation of shares, the closing price as on the previous day of the date of trading will be considered so that new investors are certain about their debits and credits into the account.
l. In case the investor fails to meet the conditions stipulated, the tax benefit will be withdrawn.
Like all financial products which have reached out substantially to the retail investors (post office savings, life insurance policies  etc) through tax benefits, this tax break for direct investment in equity is expected to substantially encourage the retail participation in securities market as well as to enhance their participation in the growth of Indian industry. Entry of more retail investors are expected to further deepen the securities markets as they bring in long-term stable funds, which can counteract the volatility created by the liquidity providers of the market. The  Scheme, thus, also  furthers the goal of financial stability and promotes financial inclusion. Since Exchange Traded Funds and Mutual Funds have also been brought under the Scheme, the Scheme should provide encouragement and re-assurance to the first time investors.
The broad provisions of the  Scheme and the income tax benefits under it have  already  been incorporated as a new Section -80CCG- of the Income Tax Act, 1961, as amended by the Finance Act, 2012. Department of Revenue  will  notify the Scheme  and SEBI will  issue the relevant circulars to operationalize the Scheme in the next two weeks.

Monday, September 10, 2012

CBSE SCHOLARSHIP FOR GIRLS

CBSE Merit Scholarship Scheme For Single Girl Children

CBSE MERIT SCHOLARSHIP SCHEME
FOR SINGLE GIRL CHILDREN
1. Objective
The objective of CBSE merit scholarship scheme is to provide scholarships to the meritorious Single Girl Students, who are the only child of their parents; and have passed the CBSE Class X Examination with 60% / 6.2 CGPA or more marks/ grades and are continuing their further school education of Class XI and XII. The scheme is aimed to recognize the efforts of the parents in promoting education among girls and to provide encouragement to meritorious students.
As per the approval of the Competent Authority dated 23.07.2012, all children born together are Single Girl Child of their parents.
2. Allocation of scholarship
The number of scholarships for a particular year shall be variable and shall to awarded to all such "Single Girl Students" who have secured 60% / 6.2 CGPA or more marks / grades in the CBSE Class X Examination in that year.

3. Eligibility criteria
The scholarship shall be given on the basis of merit list as stated in Para 2 above, from the result of CBSE Class X Examination. The eligibility criteria shall be as under:
i) All Single Girl Students, who have secured  60% / 6.2 CGPA or more marks / grades in CBSE Class X Examination and are studying Class XI & XII in School (affiliated with CBSE) whose tuition fee is not more than Rs. 1,500/- p.m. during the academic year, shall be considered for the purpose. In the next two years, the
total enhancement in tuition fee in such school shall not be more than 10% of the tuition fee charged in the year 2011 – 2012.
NOTE:NRI applicants of the Board are also eligible for the award. The tuition fee for the NRIs has been decided maximum of Rs. 6,000/- per month.
ii) The scholarship shall be awarded to Indian Nationals only.
iii) The student must continue her school studies in Class XI and XII in school as stated above in para 3(i).
iv) Candidates who have passed CBSE Class X Examination in 2012 will be considered.
v) A Scholar under the scheme while availing scholarship can enjoy other concession(s) given by the school in which she is studying other organization(s).
4. Duration of scholarship and its renewal
i) The Scholarship awarded shall be renewed on a year-to-year basis till the successful completion of the chosen course of study in the school. Renewal shall depend on promotion to the next class provided the scholar secures 50% or more marks in aggregate in the examination which determines her promotion to next class.
ji) The renewal/ continuation of the scholarship, in cases where a scholar gives up the chosen course of study before its completion or if she changes the school or course of study shall be subject to prior approval of the Board. Good conduct and regularity in attendance are required for continuance of scholarship. The decision
of the Board shall be final and binding in all such matters. A Scholarship once cancelled shall not be renewed under any circumstances.
5. Rate of Scholarships and mode of payment
The rate of scholarship shall be Rupees Five Hundred (Rs. 500/-) per month. A Scholarship awarded under the scheme shall be paid for a maximum period of two years.Payment will be made through demand drafts/ pay orders.
6. Selection Procedure
a) Student should have passed Class X Examination from the CBSE and secured 6.2 CGPA or more.
b) Pursuing Class XI & XII from CBSE affiliated Schools.
c) Student should be ONLY SINGLE GIRL CHILD of their parents.3
d) Original Affidavit duly attested by the First Class Judicial Magistrate/ SDM/ Executive Magistrate, as per prescribed format available on the Board’s website. (Photocopy of Affidavit will not be accepted).
e) Application form should be attested by the School Principal  from where the student is pursuing Class XI after passing Class X from Board’s Examination.
f) Tuition fee should not be more than Rs. 1,500/- per month in Class X and 10% enhancement for Class XI & XII.
7. Jurisdiction of Courts/ Tribunals
a) A Scholarship once cancelled shall not be renewed under any circumstances.
b) The decision of the Board shall be final and binding in all such matters.
c) Any resultant dispute arising out of this scholarship scheme shall be subject to the sole jurisdiction of the court situated in Delhi/ New Delhi only

Saturday, September 1, 2012

AICPIN-JUL 2012

                                        AICPIN for the month of July 2012

                DA INDEX-JUL -12  212   73.78 %
            Consumer Price Index Numbers for Industrial Workers (CPI-IW) July 2012

The All-India CPI-IW rose by 4 points and pegged at 212 (two hundred and twelve). On 1-month percentage change, it increased by 1.92 per cent between June and July compared with 2.12 per cent between the same two months a year ago.



The largest upward contributions to the change in current index came from food prices which rose by 2.38 per cent, contributing 2.44 percentage points to the total change. The largest upward pressure came from Rice, Arhar Dal, Green-chilly, Onion, vegetables, mainly Potato and Tomato, and Sugar. This was, however, partially offset by downward contributions from French Bean, Brinjal, and Poultry (Chicken).



House rent which increased by 2.96 per cent, contributed 1.05 percentage points to the overall change. The change was reported during the 21st round of Repeat House Rent Survey conducted from January to June, 2012 to capture the change in expenditure incurred on rent by industrial workers. The increase in the current round was mainly on account of annual increment awarded to the salaried persons under centre/state sphere as well as the rise in rent reported from private dwellings.



The largest downward contributions to the change in current index came from Transport and Communication with a decline of 0.99 per cent, contributing 0.09 percentage points to the total change. The main downward pressure came from Petrol as an effect of fall in price notified w.e.f. July 24, 2012.



The year-on-year inflation measured by monthly CPI-IW stood at 9.84 per cent for July, 2012 (over July, 2011) as compared to 10.05 per cent for the previous month and 8.43 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 11.27 per cent against 10.45 per cent of the previous month and 6.25 per cent during the corresponding month of the previous year.



At centre level, largest increase of 18 points has been recorded in Durgapur followed by Ranchi-Hatia (10 points), Vijaywada and Jabalpur (9 points each), Goa and Faridabad (8 points each), Bhilai (7 points) and Hubli-Dharwar, H.P., Tiruchirapally and Delhi (6 points each). Among others, 18 centres have recorded rise of 5 points followed by 4 points in 15 centres, 3 points in 13 centres, 2 points in another 13 centres and 1 point in 4 centres. Howrah was the only centre which reported decline in index of 1 point. Rest of 3 centre’s indices remained stationary.



There are in all 26 centres whose indices are at par or above All-India Index and rest of 52 centres have indices lower than national average.



The next index of CPI-IW for the month of August, 2012 will be released on Friday, September 28, 2012