D.A. chart for Bankers for Aug, Sep, Oct 2011

RATE OF D.A.   0.15% Per Slab   (  360 X 0.15% ) = 54% 
 Difference in excess of  points   2836 Points = 1440.04
 D.A.paid for the previous quarter on (i.e. 352×4) =1408.00
 Difference=32.08
 Increase in number of Slabs=08.01

Payable for the Year	Payable for the months	Average CPI	No. of slabs	% of pay
2011	Aug Sept Oct	4276.04	360	54

Based on the above increase the D.A. chart for Officers, Clerical staff and substaff are calculated for your convenience. It may kindly be remembered that actual notification from IBA is still awaited as on today[30.07.11] and hopefully it may be expected early next week.

Central D.A. will be @ 7%,AICPIN for the month of June 2011 released

D.A @ 7%
All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of June, 2011 increased by 2 points and stood at 189 (one hundred & eighty nine) .
Calculating the last 12 months average it is almost certain that Central employees are likely to get 7 % Dearness Allowance with effect from 1st July 2011.
The index no. for Jan, Feb, Mar, Apr & May 2011 was 188, 185, 185, 186 & 187 respectively.

D.A. INCREASE TO BANK EMPLOYEES and OFFICERS W.E.F 1st Aug 2011 - 8 Slabs

Increase of 8 slabs over existing level 
Click here to view the D.A. chart
DA for Bank workmen and Officers are calculated based on average Consumer Price Index Numbers (Base 1960=100) for the months of April, May and June 2011.
Ministry of Labour and Employment ,Govt of India has released the CPI(IW) figure for the month of June 2011 today. Accordingly confirmed CPI(IW)figures are as follows:
BaseYear (2001=100) (Base Year 1960=100)

APRIL         186            4245.61
MAY           187            4268.44
JUNE          189            4314.09
Average index figure comes to 4276 points with an increase of 360 slabs over 2836 points
resulting an increase of eight slabs over existing level.
Therefore, DA payable for Bank Employees for the months of August,September & October '11,will be at the rate of 54 %
-Submitted by-Mohan.P
-------------------------------------------------------------------
(Note: While predicting the figure earlier it is also mentioned that maximum percentage may go up to 2%. ) 

West Bengal declares holiday on 8th August for Tagore’s death anniversary

UPDATE : Holiday declared in N.I. Act
West Bengal Chief Minister Mamata Banerjee Thursday declared Aug 8 a holiday to mark the death anniversary of poet Rabindranath Tagore.
Banerjee also appealed to the central government to declare a national holiday to mark the occasion, and said she would write to Prime Minister Manmohan Singh in this regard.

MACP : View Railway Board's clarification

Railway Board has yesterday issued clarification regarding criteria and benchmark of MACP to AIRF :
"....However, the Modified ACP Scheme, which has superseded the earlier ACP Scheme and effective from 1.9.2008, prescribes that financial upgradation would be subject to fitness in the hierarchy of the Grade Pay with in the PB-1. Thereafter, the benchmark of ‘Good’ till the Grade Pay of Rs.6600 in PB-3 and the benchmark of ‘Very Good’ to the Grade Pay of Rs.7600 and above would be applicable for financial upgradation. As such, the MACPS criteria for upgradation are different from the ACP Scheme......:"
View the Clarification {Courtesy : AIRF}