Saturday, September 29, 2012

Likely D.A. for Bankers for Nov/Dec 2012 and Jan'13

Click here to View likely D.A. from February 2013
Chance of hike of 42 slabs
It is known to everybody that three months' consumer price index no. is needed to calculate the bank D.A. exactly. We have the data for July and August 2012. September data to be published on 31st October and only then the real hike may be calculated.
Predicting the data in advance we can calculate that there may be a likely increase of 6.30% on existing scale. (Remember, the scales are likely to be revised from November itself due to Xth bipartite.)
Thus the total D.A. payable is likely to be 76.50% with effect from 01.11.2012.
(It may kindly be noted that it is only an assumption. Actual increase may vary slightly.)
You may visit the link provided under for scalewise increase based on above calculation.
Allbankingsolution.com

PSU IDA to increase significantly from October 2012

With the release of index No. by labour bureau, the exact calculation of PSU IDA hike has been done. 
According to calculation based on AICPI figures for industrial workers for the months of June, July and August 2012, the IDA rate to increase by 5.8%, that means total IDA will be 67.3% with effect from 1st October 2012.
Of course, we have to wait for the official declaration.

Friday, September 28, 2012

AICPIN of August 2012 released

The All-India CPI-IW rose by 2 points in August, 2012 and pegged at 214 (two hundred and fourteen). On 1-month percentage change, it increased by 0.94 per cent between July and August compared with 0.52 per cent between the same two months a year ago. 
The next index of CPI-IW for the month of September, 2012 will be released on Wednesday, October 31, 2012. 
Source : PIB Press Release

Central Govt. issued 7% D.A. Order. Download

Just In !!!
DOPT has released 7% D.A. hike order with effect from 1st July 2012. With this hike total D.A. stands to 72% of Basic Pay.
Download The Order

Rajasthan hikes 7% D.A., at par with central, Issued Order

The Rajasthan government on Thursday hiked the dearness allowance (DA) of state employees by 7 per cent, benefiting nearly seven lakh employees and three lakh pensioners and costing Rs 875 crore additional burden to the exchequer.
The DA has been increased from 65 per cent to 72 per cent of the basic pay, effective from July. It will be at par with the DA of the central government employees, according to an official.
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