Labour Bureau,Ministry of Labour and Employment,Govt of India,released today, the All India Consumer Price Index Numbers (AICPIN)for Industrial workers(IW) Base 2001=100 for the month of MAY ’15 which stood at 258 points with an increase of 2 points while compared to April’15 figure.
Consequent upon the merger of CPI at 4440 points with Basic Pay under10th BPS/7thJN, serving employees new DA formula came into effect from 1.11.2012.( with DA factor @0.10 for every rise/fall of 4 points on CPI (IW) Base 1960=100)
Accordingly the confirmed index figures for April & May are as follows:
Base 2001=100 1960=100
If the present level of index for May is continued at same level in June also, there may have 21 slabs increase in DA payable to Bank workmen/Officers w.e.f Aug.'15.
There is also likelihood of further increase of 1 or 2 points in June index figure in such case increase of 25 slabs too can be expected.
This is only an assumption based on the past trend as well as on latest movement of index numbers.Exact DA for next half year will be arrived based on average index numbers of April,May and June’15.(which will be released in next month only).
News provided by Mohan.P