80 DR Slabs likely for RBI Pensioners from Feb 14

1 Jan

The monthly Consumer Price Index numbers (Base 2001=100) for the months of July 2013 to Dec 2013 are as under:

July-13  Aug-13   Sept-13 Oct-13 Nov-13 Dec-13
 235  237  238    241  243
to be announced on
31st January 14

If the CPI remains as 243  for the month of Dec 2013, the projected  increase in  slabs may be 80  during the period Feb – July 2014  for pensioners in RBI and other Banks.However, taking a cue from the CPI (Base 2010 = 100) , being used by  RBI for measuring annual  rate of inflation, the Index number (Base 2001=100) for DEC-13  is likely to be 242.

Hence, the   percentage increase of Dearness relief for RBI pensioners effective Feb-14, is estimated  as per the table below:

Pensioners
retired
between——->>
the period
1-11-2007
onwards
1–11-2002
to
31-10-2007
1-11-1997
to
31-10-2002
1-11-92
to
31-10-97
1-11-1987
to
 31-10-92
increase in slabs 78 78 78 78 78
% increase 11.7 14.04 18.72 27.3 52.26

Actual number of slabs will be known only after the index number for the month of Dec-13 , are released on 31st January 2014.
Needless to say, in the absence of pension-updation, only dearness relief is protecting the pensioners from the clutches of destitution .
God bless the Britishers for introducing the ‘Dear food allowance’ in 1939, and Indian Trade Unions for not allowing the rulers  to take it away so far.

With New Year Greetings from AIRBIOPF

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3 Responses to “80 DR Slabs likely for RBI Pensioners from Feb 14”

  1. Mukundrai Prabhudas Ganatra 02/01/2014 at 9:44 am #

    Very much thanks for giving news and updated retiree every now and than .I am highly thankful for serving retiree .

    Like

  2. Shori Lal Arora 02/01/2014 at 5:46 pm #

    D.A. was linked to Price Index for industrial workers by Desai Award. We should also not forget justice Desai who linked Dearness Allowance to price index in 1962. Later efforts were made to link D.A. to middle class index which our trade unions resisted and succeeded

    Like

  3. H.R.K.Prasad 05/01/2014 at 11:41 am #

    A small quantam of DA rise every six months is only a peanut which will not suffice to meet
    everincreasing price rise. There is a need to update pension along with 100% neutralisation for pensioners.State and central govt employess pension is automatically
    increased with every settlement. Bank employees and banking business have contributed
    everything possible to increase the treasure of our exchequer. The reward is a big ZERO.
    I only hope 10th BPS will throw some sunshine on pensioners by way of upward revision
    and 100%neutralisation of Da which will be awaited with utmost anticipation.

    Like

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