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
Likely Average Index for next quarter 5774.95
Merged points under 9th BPS 2836
Increase in slabs( 734-732)
Percentage of hike-current 109.80%
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