Expected DA from AUGUST 2023 FOR b BANKER MINIMUM 27 SLAB AND MAXIMUM 32 SLAB

Consumer Price Index for Industrial Workers (2016=100) – April, 2023

The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month. The index for the month of April, 2023 is being released in this press release.

The All-India CPI-IW for April, 2023 increased by 0.9 points and stood at 134.2 (one hundred thirty four point two). On 1-month percentage change, it increased by 0.68 per cent with respect to previous month compared to increase of 1.35 per cent recorded between corresponding months a year ago.

Expected DA Calculation Updated on 31.05.23 on the basis of CPI for the months of Apr'23 & assumptions of CPI for the month of May'23 & Jun'23 as mentioned hereunder. The CPI for the month of Apr'23 announced today as 134.20 (as per revised base year 2016) (The base year was changed from Oct 2020)

1. On assumptions if there is an increase of 0.70 points CPI in the month of May'23 & 0.60 points CPI in the month of Jun'23, keeping in view on going regular rise in prices of commonly required daily needs items / commodities which is making month over month difficult to manage family budget; on this assumption, we may expect there would be an increase of 32 slabs and the total tentatively revised DA slabs would be 628 from Aug'23 in terms of 11th BPS.
2. On assumptions if there is an increase of 0.60 points CPI in the month of May'23 & 0.40 points CPI in the month of Jun'23. On the basis of this assumption, we may expect there would be an increase of 30 slabs and the total tentatively revised DA slabs would be 626 from Aug'23 in terms of 11th BPS.
3. On assumptions if there is an increase of 0.40 points CPI in the month of May'23 & 0.30 points CPI in the month of Jun'23. On the basis of this assumption, we may expect there would be an increase of 27 slabs and the total tentatively revised DA slabs would be 623 from Aug'23 in terms of 11th BPS.