Bank D.A. likely to increase 23 slabs from Feb'13
With the release of AICPIN data of November'12 following is the calculation of anticipated D.A. increase for Bankers for Feb, Mar & April 2013.
Base 2000=100 Base 1960=100
October'12 217 4953.22
November'12 218 4976.05
December'12 218 4976.05 (Anticipated)
Average Index 4968
Less : Merged Index 2836
Slabs (Expected) 532
Current Slab 510
Expected Increase 22 Slabs
The calculation shows that if the inflation remains in the current level for the next month, the bankers are likely to get 22 slab increase of D.A. from February 2013. In term of percentage, the total D.A. will be 79.95%
However,based on current index figures for Oct and Nov and assuming that the same level of index is continued for Dec also there may have 23 slabs increase in DA rates w.e.f Feb'13.(If there is further increase of 1 point in Dec 2 more slabs increase can be expected)
Please note that exact DA can be calculated only after release of Dec CPI figures by the end of Jan 2013..The projections made are assumption only based on current index figures and rate of inflation.
This projection has been sent by our esteemed reader ,Mr Mohan P. We are grateful to him
bank da july 2013