Monday, April 14, 2014

Karnataka enhanced 6% D.A.

Karnataka Govt. enhanced Dearness Allowance from existing 15% to 21% with effect from 1st January 2014 to state employees and pensioners. The increase in Dearness Allowance admissible under this order is payable in cash.
View the Govt. Order

Sunday, April 13, 2014

Central D.A. from 1st July 2014 will not be very attractive

Though it is too early to calculate D.A. w.e.f. 01.07.2014 as three months' (Apr to Jun'14) figures are yet to be published, but based on the current trend of AICPIN index it can certainly be predicted that D.A. may not bring same cheer to central employees and pensioners in the near future.
If we assume a two points increase in every month for the next three, another 7% D.A. will be there. Of course, it is a very optimistic guess.
If we assume a moderate one point increase in every month for the next three, 6% increase is possible.
And for the pessimistic guess of no increase in the AICPIN data for the coming three months, only 5% increase will be there.
Let's not go into the calculation of any decrease in the coming months !
So it is predicted a 5 to 7% increase in D.A. with effect from 01.07.2014.

Friday, April 11, 2014

Bank D.A. likely to decrease from May 2014

The AICPI-IW (1960=100) for January, 2014 was 237 and for February, 2014, the index stood at 238.
As per the present trend in retail inflation, the index may remain unchanged at 238 for March, 2014 too. If it happens, the D.A. will fall to 97.05%, from the existing level of 99.90%.

Even if the index records a modest rise of 1 point and touches 239 for March, 2014, yet there will be a downfall and the revised D.A. will be only 97.35%. 
The exact amount of D.A. for May'14  to July'14 will be known only 30.04.2014, when labour bureau will publish the AICPI-IW data for March 2014. 

Bank holiday on 14th April 2014

Declaration of Holiday for all banks in India on 14th April 2014
Indian Banks’ Association
April 9, 2014
All Members of the Association
(Designated Officers)
Dear Sirs,
Holiday on Monday, 14th April 2014 throughout India on account of Birthday of Dr. B R Ambedkar under Negotiable Instruments Act, 1881.
The Ministry of Personnel Public Grievances & Pensions (Department of Personnel & Training), Government of India vide O.M. F.No.12/4/2014-JCA-2 (copy enclosed) has declared Monday, 14th April 2014 as a holiday under the Negotiable Instruments Act, 1881 on account of the birthday of Dr. B R Ambedkar.
Banks may kindly take note of the same.
Yours faithfully,
Senior Advisor-HR&IR

Thursday, April 10, 2014

Download D.R order for pensioners w.e.f 01.01.2014

Department of Pension & Pensioners' Welfare issued order for grant of 10% Dearness Relief for central pensioners and family pensioners with effect from 01.01.2014
Download the order

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