Wednesday, January 11, 2012

Bankers may expect 25 slabs D.A. increase from February 2012.

The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of December,  2011.   However, based on the CPI already announced for the month of October, 2011 and November, 2011, we are doing this guess work.   The CPI announced so far  are as follows:-
   Month                   CPI
October, 2011          4519
November,  2011     4542
December, 2011     4565  (Projected)
There has been moderate increase in CPI in the month of October 2011, and  November,  2011.  Assuming that there will be again only similar moderate increase  in  CPI for December,  2011 the revised DA is likely to be around 63.90%, for the months of February to April, 2012 (i.e. increase of 25 slabs).   [The present DA is  60.15% for the months of  November, December, 2011 and January, 2012]

Source : Allbankingsolution.

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