Bank D.A. to increase 42 slabs from November'12

The All India Consumer Price Index ( for Industrial Workers)Base 2001=100 for the month of September '12, has been released by Ministry of Labour,Govt.of India today ,which stood at 215 points with an increase of 1 point comparing to last month.

Accordingly the DA payable for Bank Workmen/Officers for November,December and January '13 will be ,for 510 slabs with an increase of 42 slabs from current level.(468 slabs) @ 76.50%.

ie:6.30% increase from existing level of 70.20%.

It may be noted that the Expected DA for November was predited,under this blog   in Sept'12,which become  exact  now.

Details are furnished hereunder for information:-

              (Base Year 2001=100)                                                                                                               Base Year 1960=100)

July                                   212                                                                                     4839.09

August                              214                                                                                      4884.74

September                        215                                                                                      4907.57

The Average Index numbers for the quarter:                                                                                                                                4877.

Less merged points                                                                                                                                                                 2836

Slabs.                                                                                                                                                                  510
(Calculation by Mr Mohan P and Mr Debashis Das)