WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS AND WORKMEN FROM August 2014 to October, 2014 -By Rajesh Goyal
On the demands of our readers, we have been projecting likely DA one month in advance based on the CPI details received for previous two months. We are only PREDICTING these based on trends. However, we would like to CAUTION our readers that inflation, especially food inflation, has been fluctuating widely, and thus at this stage it is very difficult to predict the inflation rate for next month.
The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of June 2014. However, based on the CPI already announced for the month of April 2014 and May 2014, we are doing this guess work. The CPI announced and projected so far are as follows:-
| Month | CPI |
| April 2014 | 5523 |
| May 2014 | 5570 |
| June 2014 | 5592 (Projected) |
Although, in the month of May 2014, the DA has decreased by 2.55%, yet now in August, 2014, there will be again increase and DA is likely to cross 100% barrier. There has been sharp increase in CPI in the month of April and May 2014. The trends of previous years indicate that in June, the inflation usually marginally increases. Assuming that there will be again only marginal increase in CPI for June 2014, the revised DA is likely to be around 102.15%, (increase of 32 slabs) for the months of August 2014 to October, 2014 (i.e. increase of 34 slabs).
[The present DA is 97.35% for the months of May 2014 to July 2014].
The PROJECTED DA from August 2014 is as follows (All the projections are based on the existing Scales, which are to be revised after conclusion of 10th BPS]
| Actual DA for | Likely DA | Likely Increase | |||
| Officers | From May 2014 | From August 2014 | in DA Amt from Aug'14 | ||
| Stage | Scale | Basic Pay | 97.35% | 102.15% | 4.80% |
| 1 | I,II,III | 14500 | 14115.75 | 14811.75 | 696.00 |
| 2 | I,II,III | 15100 | 14699.85 | 15424.65 | 724.80 |
| 3 | I,II,III | 15700 | 15283.95 | 16037.55 | 753.60 |
| 4 | I,II,III | 16300 | 15868.05 | 16650.45 | 782.40 |
| 5 | I,II,III | 16900 | 16452.15 | 17263.35 | 811.20 |
| 6 | I,II,III | 17500 | 17036.25 | 17876.25 | 840.00 |
| 7 | I,II,III | 18100 | 17620.35 | 18489.15 | 868.80 |
| 8 | I,II,III | 18700 | 18204.45 | 19102.05 | 897.60 |
| 9 | I,II,III | 19400 | 18885.90 | 19817.10 | 931.20 |
| 10 | I,II,III | 20100 | 19567.35 | 20532.15 | 964.80 |
| 11 | I,II,III | 20900 | 20346.15 | 21349.35 | 1003.20 |
| 12 | I,II,III | 21700 | 21124.95 | 22166.55 | 1041.60 |
| 13 | I,II,III | 22500 | 21903.75 | 22983.75 | 1080.00 |
| 14 | I,II,III | 23300 | 22682.55 | 23800.95 | 1118.40 |
| 15 | I,II,III | 24100 | 23461.35 | 24618.15 | 1156.80 |
| 16 | I,II,III | 24900 | 24240.15 | 25435.35 | 1195.20 |
| 17 | I,II,III | 25700 | 25018.95 | 26252.55 | 1233.60 |
| 18 | I,II,III | 26500 | 25797.75 | 27069.75 | 1272.00 |
| 19 | I,II,III | 27300 | 26576.55 | 27886.95 | 1310.40 |
| 20 | I,II,III | 28100 | 27355.35 | 28704.15 | 1348.80 |
| 21 | I,II,III | 28900 | 28134.15 | 29521.35 | 1387.20 |
| 22 | I,II,III | 29700 | 28912.95 | 30338.55 | 1425.60 |
| 23 | I,II,III | 30600 | 29789.10 | 31257.90 | 1468.80 |
| 24 | I,II,III | 31500 | 30665.25 | 32177.25 | 1512.00 |
| 25 | I,II,III | 32400 | 31541.40 | 33096.60 | 1555.20 |
| 26 | I,II,III | 33300 | 32417.55 | 34015.95 | 1598.40 |
| 27 | I,II,III | 34200 | 33293.70 | 34935.30 | 1641.60 |
| 28 | I,II,III | 35100 | 34169.85 | 35854.65 | 1684.80 |
| 1 | IV | 30600 | 29789.10 | 31257.90 | 1468.80 |
| 2 | IV | 31500 | 30665.25 | 32177.25 | 1512.00 |
| 3 | IV | 32400 | 31541.40 | 33096.60 | 1555.20 |
| 4 | IV | 33300 | 32417.55 | 34015.95 | 1598.40 |
| 5 | IV | 34200 | 33293.70 | 34935.30 | 1641.60 |
| 6 | IV | 35200 | 34267.20 | 35956.80 | 1689.60 |
| 7 | IV | 36200 | 35240.70 | 36978.30 | 1737.60 |
| 1 | V | 36200 | 35240.70 | 36978.30 | 1737.60 |
| 2 | V | 37200 | 36214.20 | 37999.80 | 1785.60 |
| 3 | V | 38200 | 37187.70 | 39021.30 | 1833.60 |
| 4 | V | 39300 | 38258.55 | 40144.95 | 1886.40 |
| 5 | V | 40400 | 39329.40 | 41268.60 | 1939.20 |
| 1 | VI | 42000 | 40887.00 | 42903.00 | 2016.00 |
| 2 | VI | 43200 | 42055.20 | 44128.80 | 2073.60 |
| 3 | VI | 44400 | 43223.40 | 45354.60 | 2131.20 |
| 4 | VI | 45600 | 44391.60 | 46580.40 | 2188.80 |
| 5 | VI | 46800 | 45559.80 | 47806.20 | 2246.40 |
| 1 | VII | 46800 | 45559.80 | 47806.20 | 2246.40 |
| 2 | VII | 48100 | 46825.35 | 49134.15 | 2308.80 |
| 3 | VII | 49400 | 48090.90 | 50462.10 | 2371.20 |
| 4 | VII | 50700 | 49356.45 | 51790.05 | 2433.60 |
| 5 | VII | 52000 | 50622.00 | 53118.00 | 2496.00 |
Actual DA for
|
Likely DA
|
Likely Increase
| |||
Officers
|
Existing
|
From May 2014
|
From August 2014
|
in DA Amt from Aug'14
| |
Stage
|
Scale
|
Basic Pay
|
97.35%
|
102.15%
|
4.80%
|
1
|
Clerk
|
7200
|
7009.20
|
7354.80
|
345.60
|
2
|
Clerk
|
7600
|
7398.60
|
7763.40
|
364.80
|
3
|
Clerk
|
8000
|
7788.00
|
8172.00
|
384.00
|
4
|
Clerk
|
8400
|
8177.40
|
8580.60
|
403.20
|
5
|
Clerk
|
8900
|
8664.15
|
9091.35
|
427.20
|
6
|
Clerk
|
9400
|
9150.90
|
9602.10
|
451.20
|
7
|
Clerk
|
9900
|
9637.65
|
10112.85
|
475.20
|
8
|
Clerk
|
10500
|
10221.75
|
10725.75
|
504.00
|
9
|
Clerk
|
11100
|
10805.85
|
11338.65
|
532.80
|
10
|
Clerk
|
11700
|
11389.95
|
11951.55
|
561.60
|
11
|
Clerk
|
12300
|
11974.05
|
12564.45
|
590.40
|
12
|
Clerk
|
13000
|
12655.50
|
13279.50
|
624.00
|
13
|
Clerk
|
13700
|
13336.95
|
13994.55
|
657.60
|
14
|
Clerk
|
14400
|
14018.40
|
14709.60
|
691.20
|
15
|
Clerk
|
15100
|
14699.85
|
15424.65
|
724.80
|
16
|
Clerk
|
15800
|
15381.30
|
16139.70
|
758.40
|
17
|
Clerk
|
16500
|
16062.75
|
16854.75
|
792.00
|
18
|
Clerk
|
17200
|
16744.20
|
17569.80
|
825.60
|
19
|
Clerk
|
18500
|
18009.75
|
18897.75
|
888.00
|
20
|
Clerk
|
19300
|
18788.55
|
19714.95
|
926.40
|
21
|
Clerk
|
20100
|
19567.35
|
20532.15
|
964.80
|
22
|
Clerk
|
20900
|
20346.15
|
21349.35
|
1003.20
|
23
|
Clerk
|
21700
|
21124.95
|
22166.55
|
1041.60
|
24
|
Clerk
|
22500
|
21903.75
|
22983.75
|
1080.00
|
25
|
Clerk
|
23300
|
22682.55
|
23800.95
|
1118.40
|
26
|
Clerk
|
24100
|
23461.35
|
24618.15
|
1156.80
|
27
|
Clerk
|
24900
|
24240.15
|
25435.35
|
1195.20
|
1
|
Sub-Staff
|
5850
|
5694.98
|
5975.78
|
280.80
|
2
|
Sub-Staff
|
6050
|
5889.68
|
6180.08
|
290.40
|
3
|
Sub-Staff
|
6250
|
6084.38
|
6384.38
|
300.00
|
4
|
Sub-Staff
|
6450
|
6279.08
|
6588.68
|
309.60
|
5
|
Sub-Staff
|
6650
|
6473.78
|
6792.98
|
319.20
|
6
|
Sub-Staff
|
6900
|
6717.15
|
7048.35
|
331.20
|
7
|
Sub-Staff
|
7150
|
6960.53
|
7303.73
|
343.20
|
8
|
Sub-Staff
|
7400
|
7203.90
|
7559.10
|
355.20
|
9
|
Sub-Staff
|
7650
|
7447.28
|
7814.48
|
367.20
|
10
|
Sub-Staff
|
7900
|
7690.65
|
8069.85
|
379.20
|
11
|
Sub-Staff
|
8200
|
7982.70
|
8376.30
|
393.60
|
12
|
Sub-Staff
|
8500
|
8274.75
|
8682.75
|
408.00
|
13
|
Sub-Staff
|
8800
|
8566.80
|
8989.20
|
422.40
|
14
|
Sub-Staff
|
9100
|
8858.85
|
9295.65
|
436.80
|
15
|
Sub-Staff
|
9450
|
9199.58
|
9653.18
|
453.60
|
16
|
Sub-Staff
|
9800
|
9540.30
|
10010.70
|
470.40
|
17
|
Sub-Staff
|
10150
|
9881.03
|
10368.23
|
487.20
|
18
|
Sub-Staff
|
10550
|
10270.43
|
10776.83
|
506.40
|
19
|
Sub-Staff
|
10950
|
10659.83
|
11185.43
|
525.60
|
20
|
Sub-Staff
|
11350
|
11049.23
|
11594.03
|
544.80
|
21
|
Sub-Staff
|
11750
|
11438.63
|
12002.63
|
564.00
|
22
|
Sub-Staff
|
12150
|
11828.03
|
12411.23
|
583.20
|
23
|
Sub-Staff
|
12550
|
12217.43
|
12819.83
|
602.40
|
24
|
Sub-Staff
|
12950
|
12606.83
|
13228.43
|
621.60
|
25
|
Sub-Staff
|
13350
|
12996.23
|
13637.03
|
640.80
|
26
|
Sub-Staff
|
13750
|
13385.63
|
14045.63
|
660.00
|
27
|
Sub-Staff
|
14150
|
13775.03
|
14454.23
|
679.20
|
| Projected Dearness Allowance for August to October, 2014 | |
| Particulars | AICPI |
| April, 2014 | 242 |
| May, 2014 | 244 |
| June, 2014 (Estimated) | 247 |
| Average for the Quarter | 244.33 |
| Equivalent AICPI in 1960=100 series | 5577.13 |
| Rounded off to | 5577 |
| LESS - | |
| AICPI when D.A. was merged with Basic Pay at the time of 9th BPS | 2836 |
| Remaining points | 2741 |
| Number of Slabs (Decimals omitted) | 685 |
| Dearness Allowance (%) | |
| Applicable D.A. percentage | 102.75 |
| Present D.A. percentage | 97.50 |
| Increase in D.A. from 01-08-2014 (%) | 5.25 |
| Note: | |
| 1. Index for June, 2014 will be published only on 31-07-2014 evening. | |
| 2. Projected D.A. for central govt staff wef 01-07-2014 is 107%. | |
| Please see the following websites for latest AICPI | |
| 1. National Labour Bureau, Shimla (www.labourbureau.gov.in) | |
| 2. Press Information Bureau (pib.nic.in) | |
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