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Friday, April 11, 2014

Bank D.A. likely to decrease from May 2014

Bank D.A. likely to decrease from May 2014

PROJECTED D.A. FROM MAY, 2014

The AICPI-IW (1960=100) for January, 2014 was 237 and for February, 2014, the index stood at 238.

As per the present trend in retail inflation, the index may remain unchanged at 238 for March, 2014 too. If it happens, the D.A. will fall to 97.05%, from the existing level of 99.90%.

Even if the index records a modest rise of 1 point and touches 239 for March, 2014, yet there will be a downfall and the revised D.A. will be only 97.35%. 

The exact amount of D.A. for May'14  to July'14 will be known only 30.04.2014, when labour bureau will publish the AICPI-IW data for March 2014. 

Source: http://paycommissionupdate.blogspot.in/

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