Thursday, January 9, 2014

34 SLABS INCREASE IN BANK STAFF DA EXPECTED W.E.F =FEB’14


Likely Bank D.A. from February 2014

34 SLABS INCREASE IN BANK STAFF DA EXPECTED W.E.F =FEB’14
The All India Consumer price Index Number (IW) Base 2001 =100 for the month of November 13, is released by labour bureau, ministry of labour and employment, GOI today which stood at 243 points with 2 point increase compared to Oct 13 figure.

Based on confirmed figures of past two months and anticipating 1 point increase in Dec 13 figure the average index for the quarter may be as follows:

                         Base  2001=100                  
                                         Base 1960=100
Oct  (Confirmed)               
     241                 
5501.04
Nov (Do)                           
     243                
5546.69
Dec (projected)                
       244
5569.52
Total


Average Index

5539
Already Merged –IXth BPS                        

2836
Balance                                                  

2703
No of slabs

   675
Increase of Slabs(from641 to 675)

34 slabs   
Rate of DA %   (from 88.95%)

101.25%

The  exact increase in DA w.e.f.  Feb’14, can be arrived only on release of CPI figures for December’13, by the Ministry.However considering the present inflationary trend an increase of minimum 32 slabs is certain  based on present CPI figure which may be expected to go upto 34 slabs in coming months if not above.The existing percentage may go to  101.25  % from present level(96.15%).

Please note that the expected increase shown in DA is only an assumption and exact Figure can be arrived by the end of January 2014.
Calculation provided by Mr Mohan P.

NEWSLETTER
SIGN UP

Sign up below to recive all latest updates & news from 7th paycommission news
IT’S FREE