Wednesday, July 2, 2014

Next Additional Dearness Allowance Hike Almost Confirmed at 7%..!

Next Additional Dearness Allowance Hike Almost Confirmed at 7%..!

The Labour Bureau released the AICPIN points for the month of May yesterday. The AICPIN points, which had remained stagnant at 242 has increased by 2 points to touch 244 now. This has led to an increase of the Dearness Allowance for the month of May from 105.02 to 106.17.

With only one month left for the calculation of the second installment of additional Dearness Allowance of the year, one can be almost sure that it would bring a hike of 7%.

The two previous rounds of Dearness Allowance revision brought hikes of 10% each. One could sense an air of disappointment and lack of enthusiasm among the employees this time.

Another reason for the disappointment is the fact that despite the Dearness Allowance increasing by more than 100%, it has still not been merged with the basic pay. There was a lot of expectation that the new Government at the Centre will implement this much-awaited and much-expected change.

But, nothing has been done about this yet. All the employee federations continue to stress upon this change. The federations are hell bent on getting either the DA merger or an interim relief this time. Will their dream come true?

Source: CGEN.in
[http://centralgovernmentemployeesnews.in/2014/07/next-additional-dearness-allowance-hike-almost-confirmed-at-7/]

Dearness Allowance for Bank Employees – Likely to increase 29 Slabs or more

Dearness Allowance for Bank Employees – Likely to increase 29 Slabs or more
Likely Bank D.A. from August 2014
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 5569.50
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 existing 97.50% )

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

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

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