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            

Consumer Price Index Numbers for Industrial Workers - CPI(IW) for May 2014

Consumer Price Index Numbers for Industrial Workers - CPI(IW) for May 2014 has increased by two points and stood at 244

National JCM demanded hefty hike in pay for central employees

Memorandum submitted to seventh pay commission.
Salient features of Memorandum to VII_CPC submitted by the National JCM on common issues.
Pay Band & Grade Pay:

Staff side decided to demand reversal of the PB & GP System to distinct pay scale system.

Highest Salary
It is suggested that this ratio should be 1 : 8.

Proposed Pay Structure
See Below (at the end of this article)

Rate of Increment
Demanded the rate of annual increment at 5%.

National Mazdoor Conference demands 20% I.R. and 50% D.A. merger

Citing steep hike in prices of essential commodities, National Mazdoor Conference today demanded
 sanction of 20 per cent interim relief and merging of 50 percent DA in favour of employees and pensioners in the upcoming Union budget.
“We demand early sanction of 20 per cent interim relief and merging of 50 per cent DA into their basic pay and pension to offset the economic hardships of salaried class in view of steep hike in the prices of all essential commodities”, NMC President Subash Shastri said.

Bank Bipartite : Unions met F.M., got assurance of expedite revision

Representatives of United Forum of Bank Unions, comprising mainly of PSU bank employees, today met Finance Minister Arun Jaitley and sought his intervention for early settlement of wage revision negotiations.
"We submitted our representation to the Finance Minister and apprised him of developments with regard to wage negotiations with Indian Banks' Association (IBA)," UFBU Convener M V Murali said after meeting here.
He said the Finance Minister assured the delegation that the settlement process would be expedited.