Expected Dearness Relief from February 2021
Base 1960 :100 works out to 7855.76 as per converting formula 119.5 x 2.88 x 4.63 x 4.93 = 7855.76 or 7855.
It is difficult to anticipate what would be the exact CPI figures for the months of November and December, 2020.
Let us presume that the average of indices for 3 months from October to December, 2020, that is, for the quarter ending Dec.2020 is 7855.76 or 7855, exactly the same as of October, 2020.
The previous average index, on which we got 16 slabs increase in DR from August, 2020 was at 7540.
Thus, there is possibility of 7855 minus 7540 = 315 points increase.
That is to say, 315/4= 78.75: i.e. 78 slabs increase in DR from Feb.2021.
We may recall that we had got 78 slabs in crease this year in and from February to July, 2020.
Exact position will be known when Dec 2020 index figure is announced mostly on 29th January, 2021 (Friday), 31st being Sunday.