IBA News - Bank DA Increase for the next quarter

Bank D.A. for the next quarter (February to April 15)

JUST 2 SLABS INCREASE IN DA PAYABLE TO BANK WORKMEN/OFFICERS FOR NEXT QUARTER FEB to APRIL 2015

The AICPIN (IW) Base 2001=100, for the month of December ’14, has been released by Labour Bureau Govt of India, to day, which stood at 253 point which was static from last August 14.

As such, the confirmed All India average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) are as follows:
Months CPI (Base 2001=100) CPI (Base1960=100)
October 253 5774.95
November 253 5774.95
December’14. 253 5774.95

The average CPI as above, is 5774.Therefore the DA payable to Bank Workmen/Officers for the quarter February ’15 to April’15 will show an increase of 2 slabs at 110.10 %(From existing 109.80%)

While projecting the likely DA for next quarter, earlier we have mentioned the hike in DA would be nominal from Feb onwards.

Kindly note that this is only for information and official circular from IBA in this regard will be expected to be issued shortly.

Details of Calculation:
Average CPI as above 5774
Less Merged Point in 9th BPS 2836
Slabs 2938
Increase in slabs(New slab 734-Old 732) 2
DA % ( 734 x 0.15) 110.10 %

Source: www.7thpaycommissionnews.in

AICPIN for December 2014 – No change and stands at 253

AICPIN for December 2014 – No change and stands at 253

Labour Bureau just now released the index of CPI(IW) for the month of December 2014. The index is remained stationary at 253.

As we expected earlier, the expected dearness allowance from january 2015 is now confirmed to hike by 6% only.

And AICPIN for the month of January 2015 will be published on 27th February 2015.

Click to read official report of Aicpin dec 2014

Source: www.7thpaycommissionnews.in

DOPT Order - GPF & Pension Benefits to Casual Labour

GPF & Pension Benefits to Casual Labour with temporary status 

regularised after 1.1.2004 – Dopt orders

G.I., Dep. of Per. & Trg., O.M.No.49014/2/2014-Estt(C), dated 29.1.2015

Subject: GPF & Pension Benefits to Casual Labour with temporary status regularised after 1.1.2004 —regarding.

The undersigned is directed to say that following the issue of this Department’s O.M. No. Dated 26.04.2004, the status of admissibility of pensionary benefits to CL-TS regularised after 1.1.2004 has been a subject of litigation in a number of court cases being contested by various Ministries/Department.

2. In order to take a view on the above issue and in view of the court rulings, it is requested that all Ministries/Departments may furnish the details of Casual Labour with temporary status (CL-TS) regularised after 1.1.2004 in the enclosed proforma latest by 07.02.2015.

3. The particulars of CL-TS yet to be regularised called for vide this Department’s O.M No. Dated 16.10.2014 may also be sent urgently, if not already sent.

Source: www.7thpaycommissionnews.in