Govt. released index no. for December 2011. Central D.A. 7%, Bank D.A. 2.85%
Labour Bureau has released Index No. for the month of December 2011. Consumer Price Index Numbers for Industrial Workers - CPI(IW) has been reduced by 2 points and stood at 197 D.A. for Govt. Employee Accordingly as per our previous calculation, Dearness Allowance w.e.f. 01.01.2012 will be increased by 7% and the total will be 65%. D.A. for Bank Employee CPI has been announced for three relevant months which is as follows:- (Base Year 1960=100)
Month CPI
October 2011 4519.53
November 2011 4542.35
December, 2011 4496.70
Based on the above calculations the new DA will be @ 63.00%, for the months of February, March, April 2012 [The DA for January, 2012 was 60.15%] i.e. increase of 2.85%.
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