80 DR Slabs likely for RBI Pensioners from Feb 14
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
Very much thanks for giving news and updated retiree every now and than .I am highly thankful for serving retiree .
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
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.