All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of June, 2012 increased by 2 points and stood at 208 (two hundred eight).
7% increase in D.A. for central staff, 40 slabs hike for Bankers.
Consequent to this increase, Central employees are going to get a decent 7% hike in D.A. with effect from 1st July 2012. With this increase (each 7% for the last three half year) the total D.A will reach 72% of Basic Pay. Central employees will also be benefited in their transport allowance, which is D.A. linked.
(D.A. is generally announced in September)
7% increase in D.A. for central staff, 40 slabs hike for Bankers.
Consequent to this increase, Central employees are going to get a decent 7% hike in D.A. with effect from 1st July 2012. With this increase (each 7% for the last three half year) the total D.A will reach 72% of Basic Pay. Central employees will also be benefited in their transport allowance, which is D.A. linked.
(D.A. is generally announced in September)
DA for Bank Workmen/Officers are calculated based on average
Consumer Price Index Numbers (Base 1960=100) for the months of April, May
and June 2012.
Consumer Price Index Numbers (Base 1960=100) for the months of April, May
and June 2012.
Accordingly,the Average CPI is as follows:
(Base 2001=100) (base1960=100)
APRIL 205
MAY 206
JUNE 208
Average CPI 4709.74
Less merged point 2836
Slabs 468 X0.15 = 70.20%
As such,there is an increase of 40 slabs over 428 with 70.20% of DA from existing 64.20% w.e.f 1st August’12.
(Submitted by P. Mohan)
2 comments :
6% DA hike for bank & Insurance PSU employees highly appreciable :)
this is great.... but i've heard that DA will be removed in 10th BPS settlement...is dat true??
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