Consumer Price Index (CPI) for the month of July 2018 has been published by Labour Bureau, which is 301, which is 10 points up from 291 for the month of June 2018.
DA for Bank Employees is expected to increase by over 7% from the month of November 2018. Bankers’ DA is expected to be 72 slabs up from the existing 54.10%. That means an increase of 7.2%.
DA slabs for the next quarter, November 2018 to January 2019 will be 613 i.e., 61.30%. That means an increase in DA by 7.2% from the existing 54.10% for the quarter Aug to Oct 18.
Even taking a conservative assumption that CPI will increase by 1 points each for the month of August and September 2018, DA for bankers will increase by 7.2% for the next quarter.
If we aasume a 2 points increase in CPI for next two months, the DA will increase by 7.6%.
Even if CPI remains constant at this level for coming two months, DA will increase by 6.7%.
Dearness Allowance for bankers increased by 1.20% for the quarter Aug to Ict 18, while there was mere 0.20% increase for the last quarter May 18 to July 18.