Tuesday, June 30, 2015

Likely Bank D.A. from Aug to Oct'15 : Increase of 21 to 25 slabs

  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
April                   256                             5843.43
May                    258                             5889.08                                           
 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

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