|Family pension for mentally retarded or physically handicapped dependents|
|Amendment to the Rule 170(1) of General Financial Rules (GFR), 2017|
|Expected DA from July 2017|
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.
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
No of Slabs 641
Increase in slabs( 641-593 old) 48
Submitted by Mohan.P