Saturday, October 19, 2013

48 SLABS INCREASE IN DA CAN BE EXPECTED FOR BANK WORKMEN/OFFICERS W.E.F.NOV 13 to JAN'14

Likely increase of Bank D.A. for Nov'13,Dec'13, Jan'14

48 SLABS INCREASE IN DA CAN BE  EXPECTED FOR BANK WORKMEN/OFFICERS W.E.F.Nov 13 to Jan'14

                       Labour Bureau,Ministry of Labour & Employment,Govt.of India has released the All India Consumer Price Index(IW)Base 2001=100 for the month of August’13 today which stood at 237   point with an increase of 2 points compared to July figure

                       Confirmed CPI (IW) for July and August are available now.

 Considering the present inflationary trend    as well as  chances for upward movement of the same  in coming month it can be assumed that CPI for Sept’13 may go up to 238 point or more..


                        In such case the average   AICPIN(IW) Base 1960=100 for July and August & September’13  will be as follows.


Base   2001=100
Base 1960=100
July’13(Confirmed

235
5364.09
August’13( Do)

237
5409.74
September( Projected)

238
5432.56


                         Based on above, it can be expected that  DA payable for Bank Employees/Officers for the months of November to January’14.may go up with increase of  48  slabs  .In case of one more point increase  the  slabs may go up to 50.    .

                        Please  note that this is only an assumption and only on release of  CPI(IW)for Sept the exact DA rate can be arrived, which will be known only on 31st Oct

Calculation for information:- 
Projected Average Index for the quarter        5402.13    
Less merged points(9th BPS)                         2836
                                                                  -------------
                                                                      2566
No of Slabs                                                      641
Increase in slabs( 641-593 old)                           48

Submitted by Mohan.P

source-http://paycommissionupdate.blogspot.in/2013/09/likely-increase-of-bank-da-for.html

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