Friday, April 15, 2011

WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS FROM MAY 2011

In 2009 and 2010, we used to project  the likely increase in DA, and were always on dot.  However, we stopped the same last time as these could have gone wrong any time in future projections.   However, we have been receiving number of emails wherein our readers have wished that we should revive the same even at the risk of being wrong sometimes.   Therefore, we are once again projecting the DA that is likely to be payable from May, 2011.  Although, it is absolutely impossible to predict such things as inflation figures widely fluctuate and are released by government, yet as requested by 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 March, 2011.   However, based on the CPI already announced for the month of July, 2010 and August, 2010, we are doing this guess work.   The CPI announced so far  are as follows:-



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