Projected DA From Fab 2014

WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS AND WORKMEN  

FROM February 2014 to April,  2014 

We have been writing that  now a days it is extremely difficult to predict such things as inflation figures widely fluctuate and are released by government.  However, on the request of our readers and based on the trends so far released, we give below our PROJECTIONS  for the DA.  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.

The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of December 2013.   However, based on the CPI already announced for the month of October  2013 and November, 2013, we are doing this guess work.   The CPI announced and projected so far  are as follows:-

Month	CPI
October, 2013	5501.04
November,  2013	5546.69
December 2013	5569.52  (Projected)

There has been good increase in CPI in the month of October and November 2013.   The trends of previous years indicate that in December, the inflation usually marginally increases, although in view of high inflation rate in last few months, there may be increase for more than what we are estimating now.   Assuming that there will be again only marginal increase  in  CPI for December,  2013, the revised DA is likely to be around 101.25%, (increase of 34 slabs) for the months of February 2014 to April, 2014 (i.e. increase of  34 slabs).  

 [The present DA is  96.15% for the months of  November 2013 to January 2014].  The PROJECTED DA is as follows:

	Actual DA for	Projected DA for	Increase in DA
	Officers		From November 2013	From February,  2014
Stage	Scale	Basic Pay	96.15%	101.25%	5.10%
			DA Amount Payable	DA Amount Payable	DA Amount Payable
1	I,II,III	14500	13941.75	14681.25	739.50
2	I,II,III	15100	14518.65	15288.75	770.10
3	I,II,III	15700	15095.55	15896.25	800.70
4	I,II,III	16300	15672.45	16503.75	831.30
5	I,II,III	16900	16249.35	17111.25	861.90
6	I,II,III	17500	16826.25	17718.75	892.50
7	I,II,III	18100	17403.15	18326.25	923.10
8	I,II,III	18700	17980.05	18933.75	953.70
9	I,II,III	19400	18653.10	19642.50	989.40
10	I,II,III	20100	19326.15	20351.25	1025.10
11	I,II,III	20900	20095.35	21161.25	1065.90
12	I,II,III	21700	20864.55	21971.25	1106.70
13	I,II,III	22500	21633.75	22781.25	1147.50
14	I,II,III	23300	22402.95	23591.25	1188.30
15	I,II,III	24100	23172.15	24401.25	1229.10
16	I,II,III	24900	23941.35	25211.25	1269.90
17	I,II,III	25700	24710.55	26021.25	1310.70
18	I,II,III	26500	25479.75	26831.25	1351.50
19	I,II,III	27300	26248.95	27641.25	1392.30
20	I,II,III	28100	27018.15	28451.25	1433.10
21	I,II,III	28900	27787.35	29261.25	1473.90
22	I,II,III	29700	28556.55	30071.25	1514.70
23	I,II,III	30600	29421.90	30982.50	1560.60
24	I,II,III	31500	30287.25	31893.75	1606.50
25	I,II,III	32400	31152.60	32805.00	1652.40
26	I,II,III	33300	32017.95	33716.25	1698.30
27	I,II,III	34200	32883.30	34627.50	1744.20
28	I,II,III	35100	33748.65	35538.75	1790.10
1	IV	30600	29421.90	30982.50	1560.60
2	IV	31500	30287.25	31893.75	1606.50
3	IV	32400	31152.60	32805.00	1652.40
4	IV	33300	32017.95	33716.25	1698.30
5	IV	34200	32883.30	34627.50	1744.20
6	IV	35200	33844.80	35640.00	1795.20
7	IV	36200	34806.30	36652.50	1846.20
1	V	36200	34806.30	36652.50	1846.20
2	V	37200	35767.80	37665.00	1897.20
3	V	38200	36729.30	38677.50	1948.20
4	V	39300	37786.95	39791.25	2004.30
5	V	40400	38844.60	40905.00	2060.40
1	VI	42000	40383.00	42525.00	2142.00
2	VI	43200	41536.80	43740.00	2203.20
3	VI	44400	42690.60	44955.00	2264.40
4	VI	45600	43844.40	46170.00	2325.60
5	VI	46800	44998.20	47385.00	2386.80
1	VII	46800	44998.20	47385.00	2386.80
2	VII	48100	46248.15	48701.25	2453.10
3	VII	49400	47498.10	50017.50	2519.40
4	VII	50700	48748.05	51333.75	2585.70
5	VII	52000	49998.00	52650.00	2652.00

					(Source :   Allbankingsolutions.com)

	Actual DA for	Projected DA for	Increase in DA
	Officers	Existing	From November 2013	From February,  2014
Stage	Scale	Basic Pay	96.15%	101.25%	5.10%
			DA Amount Payable	DA Amount Payable	DA Amount Payable
1	Clerk	7200	6922.80	7290.00	367.20
2	Clerk	7600	7307.40	7695.00	387.60
3	Clerk	8000	7692.00	8100.00	408.00
4	Clerk	8400	8076.60	8505.00	428.40
5	Clerk	8900	8557.35	9011.25	453.90
6	Clerk	9400	9038.10	9517.50	479.40
7	Clerk	9900	9518.85	10023.75	504.90
8	Clerk	10500	10095.75	10631.25	535.50
9	Clerk	11100	10672.65	11238.75	566.10
10	Clerk	11700	11249.55	11846.25	596.70
11	Clerk	12300	11826.45	12453.75	627.30
12	Clerk	13000	12499.50	13162.50	663.00
13	Clerk	13700	13172.55	13871.25	698.70
14	Clerk	14400	13845.60	14580.00	734.40
15	Clerk	15100	14518.65	15288.75	770.10
16	Clerk	15800	15191.70	15997.50	805.80
17	Clerk	16500	15864.75	16706.25	841.50
18	Clerk	17200	16537.80	17415.00	877.20
19	Clerk	18500	17787.75	18731.25	943.50
20	Clerk	19300	18556.95	19541.25	984.30
21	Clerk	20100	19326.15	20351.25	1025.10
22	Clerk	20900	20095.35	21161.25	1065.90
23	Clerk	21700	20864.55	21971.25	1106.70
24	Clerk	22500	21633.75	22781.25	1147.50
25	Clerk	23300	22402.95	23591.25	1188.30
26	Clerk	24100	23172.15	24401.25	1229.10
27	Clerk	24900	23941.35	25211.25	1269.90
1	Sub-Staff	5850	5624.78	5923.13	298.35
2	Sub-Staff	6050	5817.08	6125.63	308.55
3	Sub-Staff	6250	6009.38	6328.13	318.75
4	Sub-Staff	6450	6201.68	6530.63	328.95
5	Sub-Staff	6650	6393.98	6733.13	339.15
6	Sub-Staff	6900	6634.35	6986.25	351.90
7	Sub-Staff	7150	6874.73	7239.38	364.65
8	Sub-Staff	7400	7115.10	7492.50	377.40
9	Sub-Staff	7650	7355.48	7745.63	390.15
10	Sub-Staff	7900	7595.85	7998.75	402.90
11	Sub-Staff	8200	7884.30	8302.50	418.20
12	Sub-Staff	8500	8172.75	8606.25	433.50
13	Sub-Staff	8800	8461.20	8910.00	448.80
14	Sub-Staff	9100	8749.65	9213.75	464.10
15	Sub-Staff	9450	9086.18	9568.13	481.95
16	Sub-Staff	9800	9422.70	9922.50	499.80
17	Sub-Staff	10150	9759.23	10276.88	517.65
18	Sub-Staff	10550	10143.83	10681.88	538.05
19	Sub-Staff	10950	10528.43	11086.88	558.45
20	Sub-Staff	11350	10913.03	11491.88	578.85
21	Sub-Staff	11750	11297.63	11896.88	599.25
22	Sub-Staff	12150	11682.23	12301.88	619.65
23	Sub-Staff	12550	12066.83	12706.88	640.05
24	Sub-Staff	12950	12451.43	13111.88	660.45
25	Sub-Staff	13350	12836.03	13516.88	680.85
26	Sub-Staff	13750	13220.63	13921.88	701.25
27	Sub-Staff	14150	13605.23	14326.88	721.65