Revised DA from November,2020 January,2021

 Dear Sir,  FOR KIND & PERSONAL ATTENTION of  Sri.P.SRIDHAR, RM(P& IR),SZ

1)Normally, uniformity was maintained by Banks,LIC/GIC  in announcing DA/DR to Employees Qly & Pensioners Hly.This approach has gone on for decades & this also ensures comparison, whenever wage accord takes place.This symmetry looks practical & sensible & such common yardstick always serves as a sound base for talks & negotiations

Moreover, it embraces ALL Employees for Qly change & ALL Pensioners for Hly change

2)Any delay or deviation will adversely affect calculations of that 1 SLAB rise later on, if this discrepancy remains unattended

This grant of 44 slabs DA to ALL Bank Employees under IBA jurisdiction as per authentic Circular issued, instead of 43 is a step in the right direction.That too it is Labour Bureaus info of change in Sept 2020 CPI that triggerred this Qly Oct,Nov & Dec2020 44 slab payments

3)There is no cause for any doubt as what is now granted inheres in next Qly for Employees & also correctly for Pensioners Hly DR due 2/2021

4)Please, therefore take quick decision to ease administrative work everywhere & also to continue the Salutary  practice of SAME DA/DR as per methodology already established

Enclosures are self-explanatory.

5)An early decision on this shall be highly appreciated & please hasten the same.

Greetings ,

R.B.KISHORE

PATRON.AIRIEF

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---------- Forwarded message ---------
From: R K Sahni <rksahni278@gmail.com>
Date: Sat, Dec 5, 2020 at 2:59 PM
Subject: Revised DA from November, 2020 to January 2021
To: ed_personnel@licindia.com <ed_personnel@licindia.com>, ed_eos@licindia.com <ed_eos@licindia.com>
Cc: Ramanujam Kishore <rbkseetha@gmail.com>, Vivek Singh <viveksingh200@gmail.com>

Dear Sir, 

Further to my mail dated 28.11.2020,regarding revision of DA payable from November, 2020 due to revision of CPI-IW index from 118 to 118.1 by Labour bureau for the month of September, 2020, I append below the circular issued by IBA on 04.12.2020 revising the increase in DA to 44 slabs from 43 slabs. 

Has LIC done so? 

With regards,

R K Sahni 

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2020/9381
December 2, 2020

All Members of the Association
(Designated Officers)

Dear Sir/Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2020 & January 2021 under X BPS/ Joint Note dated 25.5.2015 (Revised)

Please refer to our Cir HR&IR/76/D/2020/9282 dated November 3, 2020, wherein we had advised DA rates to be paid for the month of November, December 2020 & January 2021

2. The Circular was issued by considering the Consumer. Price Index (CPI) of September 2020 which is 118 as published by Ministry of Labour & Employment, Chandigarh vide its notification no. 23/15/2020- FLS dated 22.10.2020.

3. However, they have now revised the CPI of September 2020 at 118.1 as published in its notification no. F.NO.5/1/2020- CPI dated 27.11.2020. Accordingly, please note the necessary changes as under:-

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended September 2020 are as follows:-

July 2020 – 7669.50
August 2020 – 7715.15
September 2020 – 7763.73 (Base 2016 = 100)

The average CPI of the above is 7716.13 and accordingly the number of DA slabs are 819(7716 – 4440= 3276/4= 819 Slabs) The last quarterly Payment of DA was at 775 Slabs. Hence there is an increase in DA slabs of 44 i.e. 819 Slabs for payment of DA for the quarter November, December 2020 & January 2021.

Expected DA Calculator for Bank Employees from February 2021

5. In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of November, December 2020 & January 2021 shall be 81.90 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S K Kakkar
Senior Advisor (HR&IR)

Signed Copy

I
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RB Kishore,

PATRON,AIRIEF,

ED(Retd),LIC

Life Member,Probus Club

044-2815 5810 & 098 4034 0591.

www.airiefvision.wordpress.com

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