Likely Bank D.A. from August 2014

Update On 31.07.2014 : Click Here
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                         5569.5o

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 existing97.50% )

 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