Bank D.A.to increase 48 slabs for quarter No’13 to Jan’14
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:
Base 2001=100 Base
Thus the DA payable for Bank Staff for the quarter November’13 to January 14 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
Please note that IBA will issue the circular shortly.
Calculation by Mr Mohan P
Special Thanks to Mr Debashis Das
Source: click here