DEARNESS ALLOWANCE INCREASE FOR BANKERS FROM NOVEMBER,
2011 to January 2012
We have been projecting the DA for bank staff on many
occasions. We have been on dot on number of occasions and our projections have
been correct.
In the month of August, 2011, we again received large number of mails, requesting us to again project DA for November 2011 to January, 2012 period. In view of the large variation in inflation rates, we were reluctant as even Government of India and RBI have failed to project the inflation rate accurately even for one week or so.
Frequently they are forced to revised their projections. However, still we took the gamble and based on the available data we projected the DA from November, 2011. However, as there has been continued inflation, specially the food inflation in last few months, the CPI has shown unprecedented increase in recent years.
In the month of August, 2011, we again received large number of mails, requesting us to again project DA for November 2011 to January, 2012 period. In view of the large variation in inflation rates, we were reluctant as even Government of India and RBI have failed to project the inflation rate accurately even for one week or so.
Frequently they are forced to revised their projections. However, still we took the gamble and based on the available data we projected the DA from November, 2011. However, as there has been continued inflation, specially the food inflation in last few months, the CPI has shown unprecedented increase in recent years.
Now CPI has been announced for three relevant months
which is as follows:-
| Month | CPI |
| July 2011 | 4405.40 |
| August 2011 | 4428.22 |
| September, 2011 | 4496.70 |
Based on the above calculations the new DA
will be @ 60.15%, for the months of November, December, 2011 and January, 2012
[The DA for October 2011 is 54.00%].
We have conservatively estimated to be at 59.40%.
There will be increase of 41 slabs. We give below the DA for November, 2011 onwards vis a vis existing DA, alongwith the increase in DA at various levels of scales. [As a matter of abundant caution, bankers must wait for final declaration of IBA and payments should be made as per bank circulars ] :-
We have conservatively estimated to be at 59.40%.
There will be increase of 41 slabs. We give below the DA for November, 2011 onwards vis a vis existing DA, alongwith the increase in DA at various levels of scales. [As a matter of abundant caution, bankers must wait for final declaration of IBA and payments should be made as per bank circulars ] :-
GOOD PROJECTION THANKS
ReplyDeleteThe DA is as per the actual maket inflation and is much less than what Central Govt Employess have been given the increase in DA,
ReplyDeleteThe DA is not as per the actual maket inflation and is much less than what Central Govt Employess have been given the increase in DA,
ReplyDeletethe DA is not in commensurate with the real inflation.Employees suffering to meet both ends
ReplyDeleteand petrol price hike is likely ,which will have a cascading effect on infaltion
i think the only projection is not good the real test is how we people ( bankers) overcome from this inflatory life. on the other hand central govt. declaring 7% hike in da & and we people are projecting only between 4 to 6
ReplyDeletei ashamed to ba banker>
Considering the rise in prices of daytoday commodities even 100% D.A is less.
ReplyDelete