DA for Bank Employees increased to 99.90% from February 2014

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2013-14/8778

1st February, 2014

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2014 under IX BPS/Joint Note dt. 27.4.10 

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960-100) for the quarter ended December 2013 are as follows:

Oct 2013 – 5501.04

Nov 2013 – 5546.69

Dec 2013 – 5455.39

Consequently, dearness allowance to employees is payable for 666 slabs for the period February, March & April 2014 i.e. an increase of 25 slabs over the current level.

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of dearness allowance payable to workmen and officer employees for the months of February, March & April 2014 shall be 99.90% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowances to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,

K. Unnikrishnan

Deputy Chief Executive

Source:http://www.iba.org.in/Documents/DA.pdf

LDC-UDC ISSUE-YET ANOTHER LETTER FROM DEPARTMENT OF EXPENDITURE

Dear friends,

I give hereunder the copy of the letter received from the Department of Expenditure on the issue of upgradation of grade pay of LDC & UDC. A similar letter addressed to FA, DoPT with copy to Shri M Krishnan, Secretary General Confederation has been posted in this web site on 30th November. Association’s view was that the LDC & UDC are common cadres and spread over the entire Government of India offices and as such upgradation in a particular Department or some Departments through cadre restructuring is not possible. As such with the support of Confederation our Association had decided to file a case so that the upgradation of Grade Pay to these cadres may get w.e.f. 1.1.2006. And the preparation for filing the case is under progress and we expect the same would be filed by 1st week of March.

TKR Pillai

General Secretary

Mob. 09425372172

No. 58(2)/E.III (B)/2013

Ministry of Finance

Department of Expenditure

E.III-(B) Branch

New Delhi, the 23 January, 2014

OFFICE MEMORANDUM

Subject: Forwarding of letter No. 4/GS/2013 dated 14/10/2013 from All India Association of Administrative Staff.

The undersigned is directed to forward herewith letter No. 4/GS/2013 dated 14/1-/2-13 from Shri TKR Pillai regarding upgradation of Grade Pay of LDC and UDC in administrative branch of Government of India offices and to state that this Department does not consider the representations received from individuals or association and they are forwarded to the concerned administrative ministry/departments. The administrative Ministry/Department concerned is required to examine the representations and if merit is found, the same may be forwarded to this Department for consideration in the form of a proposal, through IFD.

Sd/

(Manoj Kumar)

Under Secretary to the Government of India

To

FA (DoPT),
Department of Personal & Training,
North Block,

Copy to:
Shri TKR Pillai, NSSO (FOD), Hall No. 201 & 205, Vijay Stumbh, Zone I, Maharana Pratap Nagar, Bhopal.

Source-http://aiamshq.blogspot.in/2014/02/ldc-udc-issue-yet-another-letter-from.html

Expected DA for January 2014 : AICPIN for the Month of December 2013.

Consumer Price Index Numbers for Industrial Workers (CPI-IW) December 2013 

According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for December, 2013 declined by 4 points and pegged at 239(two hundred and thirty nine). On 1-month percentage change, it decreased by 1.65 per cent between November and December compared with the rise of 0.46 per cent between the same two months a year ago. 

The largest downward pressure to the change in current index came from Food group contributing -4.96 percentage points to the total change. At item level, Onion, Ginger, Chillies Green, Brinjal, Cauliflower, Cabbage, Peas, Tomato, Potato and other Vegetable items, Sugar etc. are responsible for the decrease in index. However, this was compensated to some extent by Fish Fresh, Eggs, Hen, Poultry, Milk, Pure Ghee, Garlic, Firewood, ESI Contribution, etc. putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 9.13 per cent for December, 2013, as compared to 11.47 per cent for the previous month and 11.17 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 11.49 per cent against 16.17 per cent of the previous month and 13.53 per cent during the corresponding month of the previous year. 

At centre level, Giridih recorded the highest decline of 12 points each followed by Ahmedabad, Chhindwara, Varanasi, Munger, Jamalpur, Nagpur and Bhavnagar (10 points each).Jamshedpur (09 points), Rourkela, Ludhiana, Tripura and Angul Talcher (08 points each) Among others, 7 points decrease was registered in 9 centres, 6 points in 8 centres, 5 points in 11 centres, 4 points in 8 centres, 3 points in 7 centres, 2 points in 9 centres and 1 point in 7 centres. On the contrary, Sholapur centre reported an increase of 4 points followed by Puducherry (2 points), Coimbatore and Srinagar centres 1 point each. Rest of the 3 centres’ indices remained stationary. 

The indices of 37 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Varanasi and Vijaywada centre remained at par with all-India index.

The next index of CPI-IW for the month of January, 2014 will be released on Friday, 28 February, 2014. The same will also be available on the office website www.labourbureau.gov.in.