Bank DA Calculation from May 2018

Bank DA Calculation from May 2018

The All India Consumer Price Index for the month of March 2018 has been released by Labour Bureau yesterday. The index remained unchanged at the point of 287.

M/Y	Jan-2018	Feb-2018	Mar-2018
CPI	288	287	287
Conversion	6573.86	6551.03	6551.03
No. of slabs	516	527	529
DA %	51.6	52.7	52.9

Dearness Allowance for workmen and officer employees in banks

Payable for the Year	Payable for the months	Average CPI	No. of slabs	% of pay
2018	May, June, July 2018	6558	530	53.0
2018	February, March April 2018	6551	527	52.7
2017	November, December 2017, January 2018	6505	516	51.6
2017	August September October 2017	6353	478	47.8
2017	May June July 2017	6261	456	45.6
2017	February March April 2017	6315	469	46.9
2016-17	November, December 2016, January 2017	6353	478	47.8
2016	August, September, October 2016	6261	455	45.5
2016	May, June, July 2016	6117	420	42.0
2016	February, March, April 2016	6147	426	42.6

Expected Bank DA from August 2018 Calculator 

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Comparison of Existing and Revised Series of Consumer Price Index

Comparison of weighting diagrams of the existing and revised series of CPI

Ministry of Statistics and Programme Implementation has uploaded on its official portal on 22nd of this month that the comparison of the existing and revised series of Consumer Price Index.

The new and revised consumer price index is based on 2012=100. The first index of revised CPI will be published on 12.2.2015.

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New series of Consumer Price Index from February 2015

According to the news paper report, the Central Govt to release new series of CPI inflation in February…

To present a more accurate and realistic price situation, the government will release next month a new series of Consumer Price Index (CPI) with 2012 as base year for computing retail inflation rate.

The Central Statistics Office (CSO) is in the process revising the Base Year from 2010=100 to 2012=100 so that the gap between Price Reference Year (Base Year) and the Weight Reference Year has been minimised. The first series (revised) would be compiled for January which will be released on February 12 and from January 2016 onwards, inflation rates would be compiled using the actual CPI of the revised series.

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Expected DA from January 2013 - AICPIN for the month of December 2012.

Consumer Price Index Numbers for Industrial Workers (CPI-IW) December 2012

   The All-India CPI-IW for December, 2012 rose by 1 point and pegged at 219 (two hundred and nineteen). On 1-month percentage change, it increased by 0.46 per cent between .November and December compared with (–)1.01 per cent between the same two months a year ago.

   The largest upward contribution to the change in current index came from Miscellaneous Group which increased by 1.08 per cent, contributing 0.49 percentage points to the total change. This was followed by Clothing, Bedding & Footwear and Fuel & Light groups with 1.17 and 0.92 percent respectively contributing 0.13 and 0.10 percentage points to the change. At item level , largest upward pressure came from Rice, Wheat Atta, Groundnut oil, Fish Fresh, Goat Meat, Poultry (Chicken), Onion, Tea (Leaf), Tea (readymade),Electricity charges, Firewood, Sweater, E.S.I. contribution, Medicine (Allopathic), Private Tution Fees, us fare, Flower/ Flower Garlands, Tailoring Charges, etc.

   The largest downward contribution to the change in current index came from Vegetables & Fruits with a decline of (-) 8.33 per cent contributing (-) 1.21 percentage points to the total change.

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