Our earlier Projections of 48 slabs increase in Bank Staff DA is exact now.
Labour Bureau,Ministry of Labour & Employment,Govt.of India has released the All India Consumer Price Index Numbers (IW) Base 2001=100 for the month of September’13 today which stood at 238 points with an increase of 1 point compared to August’13.
Accordingly the confirmed average CPI-IW (Base 1960=100) for the quarter will be as follows:
July 235 5364.09
August 237 5409.74
September 238 5432.56
Thus the DA payable for Bank Staff for the quarter November’13 to January14 will show an increase of 48 slabs @ 96.15 % (Increase of 7.20% from existing 88.95%) as per details furnished here under:-
Confirmed average Index Numbers for the quarter 5402.13
Less merged points(9th BPS) 2836
No of Slabs 641
Increase in slabs( 000 641-593 old) 48
48 x0.15 % 96.15%
Please note that IBA will issue the circular shortly.
Calculation by Mr Mohan P
Special Thanks to Mr Debashis Das