Dearness Allowance for Bank Employees – Likely to increase 29 Slabs or more

Dearness Allowance for Bank Employees – Likely to increase 29 Slabs or more

Likely Bank D.A. from August 2014

Labour Bureau,Ministry of Labour and Employment,Govt.of India, has released All India Consumer Price Index Numbers for Industrial Workers ,Base 2001=100 for the month of May’14,today which stood at 244 points with an increase of 2 points while compared to April figure. ( There was a decrease of 16 slabs during last quarter )

Based on the confirmed AICPIN for April and May and assuming that index number for June may continued on same level , in tune with present inflationary trend , the DA for Bank Employees/Officers for Aug, Sept & Oct may likely to show an increase of 29 slabs Or more as per details furnished here under:

Base Year 2001=100 1960=100
APRIL (confirmed) 242 5523.87
MAY( do) 244 5569.50
JUNE (Expected) 244 5569.52

 

Average index 5554
Less merged index(9thBPS) 2836
Slabs 2718/4 679
Increase (679-old 650) 29 slabs
@ 0.15% 101.85 % ( from existing 97.50% )

 

If AICPIN increase with one or two points there may have further increase in DA for next quarter.This is only assumption.

Kindly note that actual increase/decrease in DA can be arrived only on release of AICPIN for June in next month by Ministry.

Submitted by Mohan.P

Source : http://paycommissionupdate.blogspot.in/

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