Bank D.A. to increase 32 slabs, Central D.A. @10%

Ministry of Labour and Employment,Govt.of India has released the All India Consumer Price Index (Industrial Workers)Base 2001=100 For the month of June’13 today which stood at 231 points with an Increase of 3 points compared to last month figure.

Thus the confirmed All India Average Consumer Price Index(IW)for Base

1960=100  for the quarter ended June’13 are as follows:

                       Base(2001=10                        (1960=100)

APRIL                226                                        5158.65

MAY                  228                                        5204.31

JUNE                  231                                        5278.78

Average Index  -5211

As such DA payable to Bank Officers/Workmen for next quarter   August ’13 to October 2013 would be  for 593 slabs with an increase of 32 slabs @  88.95   %(from existing level of  84.15%)

Dearness Allowance for Central Government employees to increase @ 10% with effect from 1st July 2013 and it will be 90% of pay.

(We are grateful to Mr Mohan P and Mr Debashis Das for sharing the information with us)