All India Consumer Price Index Numbers (AICPIN)for Industrial workers(IW) Base 2001=100 for the month of JUNE’15 which stood at 261 points with an increase of 3 points while compared to MAY’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)
As such the confirmed All India average CPIN for the quarter ended June’15 are as follows:
Base 2001=100 1960=100
April 256 5843.43
May 258 5
JUNE 261 5957.66
Average CPI 589
Accordingly there will be 27 slabs increase in DA payable to workmen/Officers for the next quarter ie. Aug,Sept & Oct ’15 with 364 slabs at 36.40 % DA rate.
31 SLABS INCREASE IN DA FOR BANK PENSIONERS W.E.F NEXT HALF YEAR - AUG'15 TO JAN'16.
For official confirmation kindly wait for IBA circular which may be released shortly.
News Courtesy : Mr Mohan P