Tuesday, January 31, 2012

Govt. released index no. for December 2011. Central D.A. 7%, Bank D.A. 2.85%

Labour Bureau has released Index No. for the month of December 2011. 
Consumer Price Index Numbers for Industrial Workers - CPI(IW) has been reduced by 2 points and stood at 197
D.A. for Govt. Employee
Accordingly as per our previous calculation, Dearness Allowance w.e.f. 01.01.2012 will be increased by 7% and the total will be 65%.
D.A. for Bank Employee

CPI has been announced for three relevant months which is as follows:- 
                                  (Base Year 1960=100)
October 2011        4519.53
November 2011        4542.35
December, 2011        4496.70

Based on the above calculations the new DA will be @ 63.00%, for the months of February, March, April 2012   [The DA for January, 2012 was  60.15%] i.e. increase of 2.85%. 

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