Sunday, January 4, 2015

Likely Bank D.A. from Feb'15 : No significant increase

On release of All India Consumer Price Index Numbers for Industrial Workers(AICPIN)IW Base year 2001=100
for the month of November '14,by Ministry of Labour and Employment,the confirmed index numbers remained static at 253 points since  August'14.

Bank Workmen and Officers DA for next quarter Feb, March and April  is arrived based on CPI numbers for the months of October, November and December14. Considering the lower  inflationary trend and reported reduction in prices of some commodities, if it is assumed that  the present level is continued in December'14,too the average CPI figure would be as furnished here under. Chances for decrease from the current level also cannot be ruled out.
Month                   Base year 2001=100         1960=100
October,14                  253                               5774.95  
November'14              253                               5774.95
December'14              253                               5774.95
Likely Average Index for next quarter         5774.95
Merged points under 9th BPS                      2836
                                                                        2938.95
Slabs                                                               734
DA %                                                               110.10%
Increase in slabs( 734-732)                           2
Percentage of hike-current  109.80%         0.30  %
As such there may not have much  increase in DA for Bank staff and likely DA may be around 110.10% with 0.30 % increase from existing level of 109.80% in next quarter Feb, March and April'15. (That too if there is no reduction in index  numbers for Dec)                                                                     
This is only an  assumption based on current aspects,and only on release of AICPIN for December'14
the exact DA can be arrived. One thing is certain that there may not have much increase in DA in coming quarter.
------------------------------------------
Submitted by Mohan.P

3 comments :

Unknown said...

sir,
the title is
Likely Bank D.A. from Feb'14 : No significant increase
is it Feb 2015
thank you
yours sincerely
V.Padmanabhan
T.O.
VCRC(ICMR)
Puducherry

Anonymous said...

Thanks for the correction, It is corrected now. - Admin

mahaboob basha said...

Be ready to face decrease of 5 slabs. Likely AICPIIW for Dec 2014 is 249 and DA slabs 727.

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