EXPECTED INCREASE IN D.A PAYABLE TO BANK PENSIONERS- From 1st Aug 2011 to Jan 2012. Options
As all are aware the DA for Bank Pensioners,for the next half year is calculated based on Consumer Price Index (IW)figures for the months of April,May and June.
Labour bureau,Government of India, releases the CPI figures(IW) ( base 2001=100)monthly pertaining to previous months.
CPI.figures for the month of May 2011 has been released today. Accordingly the confirmed index figures are as follows:
APRIL 2011- 186
May 2011- 187
CPI figure for June will be released only in July and hence we cannot predict exact DA at this point of time.
However based on available confirmed figures for past two months, and on assumption that if same figure is continued for June, it can be expected that there will be 23 slabs increase in DA from Aug 2011 onwards.
Source: Mr.Mohan(Google Groups)