Based on the following calculation, the likely D.A. for Bank employees is likely to be 28.25 slabs hike in D.A. resulting to 4.24% hike.
Base 2001=100 Base 1960=100
July11 193 July11 4357.94
Aug 11 193 Aug 11 4380.52
Sep 11 194 Sep11 4380.52
Average 193.67 4372.99
Less : Merger Point, i.e. 2836 1536.99
Total Slabs 384.25
Increase over existing slabs 28.25
Percentage Increase 4.24%
New D.A. 57.64%
Courtesy:pcupdate
Monday, October 3, 2011
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