DA Calculation Sheet

HENCE WE ALMOST ALL CONFIRMING THAT JULY DA IS 10%
IF JUNE AICPIN-IW DECREASES BY 5 POINTS
THEN
NO WORRY
WE STILL GET 10% DA

coming indications FROM CPI AGL/RURAL
almost all confirmed that AICPIN-IW FOR THE MONTH OF MAY IS 228(EXPECTING)

cpi for al/rl for May-2013 increased by 8 and 9 points respectively to stand at 719 and 720. DA rate depends on this figure.

NOTE!========================================!!!Tuesday, June 18, 2013
Posts of GMs/Deputy GMs/Asstt. GMs in Nationalized Banks – guidelines regarding.

F.No.2/19/2004-IR
Government of India
Ministry of Finance
Department of Financial Services

Jeevan Deep, Parliament Street,
New Delhi-110001.
Dated the June 14, 2013

To
CEOs of all Nationalized Banks

Subject : Posts of General Managers/Deputy General Managers/Asstt. General Managers in Nationalized Banks – guidelines regarding.

Sir,
In continuation of this Department’s letters No.2/19/2011-IR dated 23.12.2011 and 16.3.2012 on the subject cited above, I am directed to state that after careful consideration, the following parameters have been decided based on the business mix as on 31.3.2013 for determining the posts of GMs :-

(i) The number of GMs in Nationalized Banks will be as under:-
For the Banks with Business Number of GMs
Up to Rs. 1,50,000 crores Number of GMs is 12
Beyond Rs 1,50,000 crores and less than Rs 4,00,000 crores One additional GM for every Rs 18,000 crores
Beyond Rs 4,00,000 crores One additional GM for every Rs 24,000 crores

(ii) Accordingly, the number of GMs in respective Banks will be as under:
Name of the Bank Business mix as on 31.03.2013
(Figures in Crores of Rupees) No. of GMs
now proposed
Punjab and Sind Bank 122485 12
Dena Bank 163664 13
Vijaya Bank 167531 13
United Bank of India 170359 13
Bank of Maharashtra 170734 13
Andhra Bank 223934 16
Indian Bank 249136 18
Corporation Bank 285359 20
UCO Bank 305000 21
OBC 306084 21
Allahabad Bank 309678 21
Syndicate Bank 334778 22
Indian Overseas Bank 366501 24
Central Bank of India 402271 26
Union Bank of India 475673 29
Canara Bank 599792 38*
Bank of India 674808 38*
Punjab National Bank 700285 41*
Bank of Baroda 806696 43
TOTAL 442

*These banks may, however, retain the existing number of GMs.

(iii) The ratio of GM/DGM/AGM shall continue to be as before i.e 1:3:9.

(iv) The guidelines shall henceforth, be reviewed based on the business mix as on 31.03.2015 and the ceiling provided in Para (ii) above shall remain effective till next
review.

2. Banks are advised to take appropriate action in the matter with due approval of the respective Board of Directors.

3. This issues with the approval of Secretary(FS).

Yours faithfully,
sd/-
(Manish Kumar)
Under Secretary to the Government of India
Copy to (i). All Government Nominee Directors (ii) Website of DFS.

Source: http://www.financialservices.gov.in!!!

No doubt.da w.e.f 01.7.13 will be minimum 10%..it will be 11% if the sum of .may,june index exceed 464.normally no chance..sakkir.kkd@gmail.com

NOTE!===========================================>Benefit of Merger of 50% DA effectively amounting to 78.2% as on 01.01.2007 to BSNL Employees – DoT issued Orders

Benefit of Merger of 50% DA effectively amounting to 78.2% as on 01.01.2007 to BSNL Employees – DoT issued Orders

One of the major union, BSNL Employees Union has published with cheer the settlement news about the long pending demand of ‘Merger of 50% DA‘.
78.2% IDA merger settled.
DoT issued Presidential Directive.
Hearty congratulations to one and all.

The order on 78.2% IDA merger has finally been issued today the 10-06-2013, by the DoT. BSNL will issue the order tomorrow. It is a matter of great joy and relief that one of the most burning problem of the BSNL employees has finally been settled. Undoubtedly, the call for indefinite strike and the total determination of the entire employees to fight out the demand has settled the issue. The credit goes to the unity of the employees. CHQ congratulates the entire employees as well as the all the unions and associations for this great achievement. Forum of BSNL Unions and Associations has once again done a commendable job by uniting all, which made the settlement possible. CHQ also heartily thanks the Secretary, DoT, CMD BSNL, Director (Finance) and Director (HR) for trying their best to bring in a settlement and also for avoiding the indefinite strike. It is also a matter of great joy that the retired comrades will get their pension refixed based on 78.2% IDA.

No 61-01/2012-SU
Government of India
Ministry of Communications and Information Technology
Department of Telecommunications

Sanchar Bhavan, 20 Ashoka Road
New Delhi 110001

Dated, the 10th June, 2013

In exercise of the powers conferred by the Article 145 of Articles of Association of the Bharat Sanchar Nigam Limited (BSNL), the President is pleased to approve the proposal of BSNL regarding the fitment formula as per Department of Public Enterprises OM No.2(70)/08- DPE(WC)-GL-VII/09 dated 02.04.2009, Accordingly, in partial modification of this Department’s Order No. 61-01/2009-SU dated 27.02.2009, the benefit of merger of 50% DA effectively amounting to 78.2% as on 01.01.2007 for the purpose of fitment in respect of the Board level & below Board Level executives and Non-Unionized Supervisors and Non- executives of BSNL is hereby allowed from the date of issue of this order.

2. No arrears will be paid and the revised fitment on the basis of DPE OM dated 02.04.2009 will be paid with prospective effect only.

3. BSNL has to bear the additional financial implication on account of revised fitment benefit for pay revision from its own resources and no budgetary support will be provided.

4. All instructions/guidelines issued by DPE from time to time in this regard may be scrupulously followed.

5. This has the concurrence of Internal Finance Division(TPF), Department of Telecommunications vide Dy. No. 05/171/PSF/13 dated 10.06.2013.

sd/-
(Sanjeev Gupta)
Director (PSU-1)==================================================?

Thanks Mr. Maghalingam for your response on 7th June 2013. Please make it clear that if the aicpin goes down to present level of 226 for the remaining two months than what ? Still would there be a chance of 10% DR or DA from July 2013 ? Kindly mail.

Thanks Mr. Maghalingam for your response on 7th june 2013.

NOTE!==================================================>.Friday, June 07, 2013
Expected DA (Dearness Allowance) from July 2013 to central government employees

Expected DA (Dearness Allowance) from July 2013 to central government employees

Since the implementation of 6CPC from 1-1-2006, the consumer price index number for industrial worker is not coming down ever but it is increasing month by month. Similarly the rate of dearness allowance paid to central government employees also increasing at the interval of every six months period. The rate of dearness allowance was at zero level on 01-01-2006. After six years from implementation of 6CPC, now the dearness allowance stands at 80% level. The average increase in the dearness allowance is at the rate of 13% per year. Actually there is nothing to rejoice over the increase of dearness allowance. The Dearness allowance is nothing but the reflection of consumer price index.

Likewise the consumer price index is determined by increase in the prices of basket of identified essential commodities. The increase of CPI number is not good any way for either the government employees or common people. Whatever the money the central government employees are supposed to get from the dearness allowance hike will be swallowed by the essential commodities for which they have to spend every month, since the prices of all the essential commodities are increasing at the alarming rate.

Now everyone eyes at the expected dearness allowance from July 2013. It is now 80 percent of AICPI Numbers from which the rate of DA has to be arrived has been released. The AICIN for Industrial Workers for two more months are yet to be released to confirm the exact rate of Dearness Allowance going to be approved by the central government. The average of AICPIN for IW from the month of July 2012 to June 2013 will determine the rate of dearness allowance to be paid from July 2013. So look at the Consumer price Index numbers from June 2012 given below…
Month Jul-2012 Aug-2012 Sep-2012 Oct-2012 Nov-2012 Dec-2012 Jan-2013 Feb-2013 Mar-2013 Apr-2013 May-2013 Jun-2013
AICPIN 212 214 215 217 218 219 221 223 224 226 – –

The formula for calculating dearness allowance is:
( Avg of AICPI for the past 12 months – 115.76)*100/115.76

To find out the average CPI for 12 months we need remaining two months CPI numbers. Let us assume that if the remaining two months AICPI numbers stands at 226 levels, the average AICPI for 12 months is 220.0833.

If we apply this in the formula given above the answer is = 90.120

From this it is now very much clear that, even though if there is no change in the position of AICPI numbers for remaining two months, if it happened to continue in the same level of 226 points for remaining two months, the increase in the rate of dearness allowance will be 10% for the next six months starts from July 2013. According to this, the expected dearness allowance from July 2013 for central government employees will not be less than 90% level. So it is expected that the dearness allowance will be increased from existing 80% to 90% level from July 2013. With this 10% increase in dearness allowance, the annual increment for the year 2013 also will be granted for all the central government employees from July 2013.

Dearness allowance from July 2013 will be 10%.

10% da final from july,1. no doubt.

we can assume the additional Dearness allowance from July 2013 will be 10%.

Hi everybody. If the aicpin for May and June, 2013 goes down to 226 of remains unchanged then what ? Still will there be a chance of DA @ 10% from July 2013 or otherwisw. Friends kindly make it clear.

NOTE!==================================>.AICPI (IW) (All Consumer Price Index for Industrial Workers) for the month of March 2013 released – Expected DA from July 2013 is estimated to be 89% in case of no inflation
Expected DA from July 2013 will be 90% in case of 1 point increase in AICPI from April to June 2013

Expected DA from July 2013 – Click here to read the Official Note on release of AICPI (IW) for the month of March 2013

“Government has no proposal at present to set up 7th pay commission”

“6CPC did not recommend for merger of DA with Basic Pay”

These are some of negative news Central Government Employees receive of late. The only solace for CG employees nowadays is the grant of Dearness Allowance by Government to neutralise Inflationary prices.

As AICPI (IW) Indices for Nine months out of 12 months which are required for expected DA from July 2013 are officially announced now we may safely guess about CG Employees and Pensioners expected DA from July 2013
All India consumer price index AICPI-IW for the period from July 2012 to June 2013Month AICPI-IW
Jul 2012 212
Aug 2012 214
Sep 2012 215
Oct 2012 217
Nov 2012 218
Dec 2012 219
Jan 2013 221
Feb 2013 223
Mar 2013 224
Apr 2013 To be released in the month May 2013
May 2013 To be released in the month June 2013
Jun 2013 To be released in the month July 2013

Dearness Allowance with effect from 1st January every year (Average of AICPI-IW for the months from January to December of previous year – 115.76)X100/115.76
Dearness Allowance with effect from 1st July every year (Average of AICPI-IW for the months from July of previous year to June of this year – 115.76)X100/115.76
115.76 is a factor which converts 1982 series AICPI (IW) (Base 1982=100), which was applicable prior to 6CPC to 2001 series AICPIW (Base 2001=100). In turn, This is arrived at by dividing the 1982 series AICPI by a linking factor which is 4.63 (536/4.63=115.76)

Three Scenarios on the progression of AICPI (IW) Scenario 1 (No Inflation) Scenario 2 ( Inflation contained) Scenario 3(Same inflationary trend) Scenario 4 (More inflation)
Month AICPI-IW AICPI-IW AICPI-IW AICPI-IW
Jul 2012 212 212 212 212
Aug 2012 214 214 214 214
Sep 2012 215 215 215 215
Oct 2012 217 217 217 217
Nov 2012 218 218 218 218
Dec 2012 219 219 219 219
Jan 2013 221 221 221 221
Feb 2013 223 223 223 223
Mar 2013 224 224 224 224
Apr 2013 (expected) 224 220 225 227
May 2013 (expected) 224 220 226 230
Jun 2013 (expected) 224 220 227 234
Expected DA 89% 88% 90% 91%

Scenario 1:

If we assume that there is no inflation from April 2013 and the AICPI-IW remains at 224 for the months of April 2013, May 2013 and June 2013, the expected DA for the Central Government Employees and pensioners will be 89%, which is 9% more than the present 80%
Scenario 2:

If the inflation will be contained in the coming months then it could be assumed that AICPI-IW will be 220 for months from April 2013 to June 2013. Consequently expected DA from July 2013 will be of 88%, which is 8% more than the present 80%
Scenario 3:

If we assume that there will be 1 point increase in AICPI (IW) in the coming months then expected DA will be 90% with effect from July 2013, which is 10% more than the present 80%
Scenario 4:

In the case of more inflation than the one expected in Scenario 3 in the coming months, we tested with various various values for AICPI (IW) for April 2013, May 2013 and June 2013, to get 1% more increase in DA than the 10% increase of DA we get in Scenario 3. The minimum assumed values for AICPI (IW) for April 2013, May 2013 and June 2013 which gave DA increase of 1% more than the 10% of DA increase that we get in Scenario 3 are 227, 230 and 234 respectively.
Chances of Scenario 1 or 3 coming to reality is More

Considering the reduction in Crude Oil Prices and other commodity prices recently, we feel that chances of Scenario 1 or 3 coming to reality are more. So it could be safely assumed that expected Dearness Allowance from July 2013 will be 89% or 90%.

We request Readers to provide their views in the form of comments to this article. It may also be noted that the above analysis is based purely on assumption. The actual increase of DA from July 2013 will be known only after the formal announcement of the same by Government in the month of October 2013.
Use the following DA Calculator to test the above 4 Scenarios

NOTE.!================================.ponrenu
June 2, 2013 at 7:17 AM

HI mahalingam how the DA from july2013 10% explain.======================!(2)OTE.=======================================.!90% DA from July 2013 confirmed after April, 2013 AICPIN
According the press release the All-India CPI-IW for April, 2013 rose by 2 points and pegged at 226 (two hundred and twenty six). This two point increase confirmed 10% increase in Dearness Allowance from July, 2013 as already expected on this site click here to see. Therefore DA from July, 2013 will be 90% and will be announced in September or October in this year. It is also more clear from following table:-

Expect-
ation Increase/
Decrease
Index Month Base
Year
2001
= 100 Total
of 12
Months Twelve
monthly
Average % increase
over 115.76
for DA DA
announced
or will be
announced

1 Nov-12 218 2490 207.50 79.25% 80%

1 Dec-12 219 2512 209.33 80.83%

2 Jan-13 221 2535 211.25 82.49% 82%

2 Feb-13 223 2559 213.25 84.22% 84%

1 Mar-13 224 2582 215.17 85.87% 85%

2 Apr-13 226 2603 216.92 87.38% 87%
First 1 May-13 227 2624 218.67 88.90% 88%
1 Jun-13 228 2644 220.33 90.34% 90%

Jul-13 Expected DA from July-2013 90%
Second 2 May-13 228 2625 218.75 88.97% 88%
2 Jun-13 230 2647 220.58 90.55% 90%

Jul-13 Expected DA from July-2013 90%
Third 0 May-13 226 2623 218.58 88.82% 88%
0 Jun-13 226 2641 220.08 90.12% 90%

Jul-13 Expected DA from July-2013 90%

AICPIN for May and June still pending. Keeping in view the prevailing market price rise DA from 01 July 13 would go to 90% the minimum or 91% the highest.

NOTE.=======================================.!90% DA from July 2013 confirmed after April, 2013 AICPIN
According the press release the All-India CPI-IW for April, 2013 rose by 2 points and pegged at 226 (two hundred and twenty six). This two point increase confirmed 10% increase in Dearness Allowance from July, 2013 as already expected on this site click here to see. Therefore DA from July, 2013 will be 90% and will be announced in September or October in this year. It is also more clear from following table:-

Expect-
ation Increase/
Decrease
Index Month Base
Year
2001
= 100 Total
of 12
Months Twelve
monthly
Average % increase
over 115.76
for DA DA
announced
or will be
announced

1 Nov-12 218 2490 207.50 79.25% 80%

1 Dec-12 219 2512 209.33 80.83%

2 Jan-13 221 2535 211.25 82.49% 82%

2 Feb-13 223 2559 213.25 84.22% 84%

1 Mar-13 224 2582 215.17 85.87% 85%

2 Apr-13 226 2603 216.92 87.38% 87%
First 1 May-13 227 2624 218.67 88.90% 88%
1 Jun-13 228 2644 220.33 90.34% 90%

Jul-13 Expected DA from July-2013 90%
Second 2 May-13 228 2625 218.75 88.97% 88%
2 Jun-13 230 2647 220.58 90.55% 90%

Jul-13 Expected DA from July-2013 90%
Third 0 May-13 226 2623 218.58 88.82% 88%
0 Jun-13 226 2641 220.08 90.12% 90%

Jul-13 Expected DA from July-2013 90%

PIB Release of CPI-IW

DA from 01.07.2013 Will be not less than 10%.

9% and 11%- No chance
It will be just 10%.

it seems that DA would be possible to reach 9% as on 1.7.2013. Figures are telling these stories. That will be good news for CG employees for nowdays inflation rate.