Thursday, October 31, 2013

Bank D.A. to increase 48 slabs for the quarter Nov'13 to Jan'14

Our earlier  Projections of 48 slabs increase in Bank Staff DA is exact now. 
                       Labour Bureau,Ministry of Labour & Employment,Govt.of India has released the All India Consumer Price Index Numbers (IW) Base 2001=100 for the month of September’13 today which stood at 238   points with an increase of 1 point compared to August’13.
                      Accordingly the confirmed average CPI-IW (Base 1960=100) for the quarter will be as follows: 
                                  Base   2001=100                     Base 1960=100 
 July                                      235                                      5364.09
August                                   237                                      5409.74
September                            238                                      5432.56            

                 Thus the DA payable for Bank Staff for the quarter November’13  to January14 will show an increase of 48 slabs @ 96.15   % (Increase of 7.20% from existing 88.95%) as per details furnished here under:-
 Confirmed average Index Numbers for the quarter    5402.13                                                                            
Less merged points(9th BPS)                                 2836
                                                                         -------------
                                                                            2566
No of Slabs                                                             641
Increase in slabs( 000  641-593 old)                            48
 48 x0.15 %                                                          96.15%

Please note that IBA will issue the circular shortly.
Calculation by Mr Mohan P
Special Thanks to Mr Debashis Das

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