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Sunday, 14 October 2018

Expected DA for LIC Employees from Nov 2018 to Jan 2019

Expected DA for LIC Employees from Nov 2018 to Jan 2019

All India Consumer Price Index Numbers for Industrial Workers – CPI(IW) for August 2018remained stationary at 301. To Calculate the Bank DA from Nov 2018 we need July, August & September 2018 AICPIN value, as of now we have only July & August data. AICPIN for September 2018 will be released only on 31st Oct 2018.

Now we can predict the LIC DA with the assumption value, let us check the examples below

In case AICPIN remains same in September 2018 i.e. 301, then DA Slabs will be 540 slabs from Nov 2018

NOV 2018 – JAN 2019
MONTHAICPINAVG CPISLABSPERCENTAGE
Jul-183016871243154054.0
Aug-1830168712431
Sep-1830168712431

In case AICPIN increase by 1 point in September 2018 i.e. 302, then DA Slabs will be 542 slabs from Nov 2018

NOV 2018 – JAN 2019
MONTHAICPINAVG CPISLABSPERCENTAGE
Jul-183016871243154254.2
Aug-1830168712431
Sep-1830268932453

In case AICPIN increase by 2 point in September 2018 i.e. 303, then DA Slabs will be 544 slabs from Nov 2018

NOV 2018 – JAN 2019
MONTHAICPINAVG CPISLABSPERCENTAGE
Jul-183016871243154454.4
Aug-1830168712431
Sep-1830369162476

In case AICPIN increase by 3 point in September 2018 i.e. 304, then DA Slabs will be 546 slabs from Nov 2018 

NOV 2018 – JAN 2019
MONTHAICPINAVG CPISLABSPERCENTAGE
Jul-183016871243154654.6
Aug-1830168712431
Sep-1830469392499

This is only the prediction, however we have to wait for the AICPIN data to finalize.

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