9.5 % is not final. Please go through the news.
Agreement reached only for DA merger. Based on this a calculator to find
current Basic pay enclosed. Enter current basic pay and dream about new
basic pay
Still not clear about
Payslip cost –Components included in this
9.5% increase from 01/11/2012 ?
The two-day all-India bank strike called by the United Forum of Bank Unions
(UFBU) on January 20-21 was deferred following the Indian Banks’ Association
(IBA) improving upon their initial pay hike offer of 5 per cent to 9.5 per cent
of ‘payslip cost’, C. H. Venkatachalam, General-Secretary, All-India Bank
Employees’ Association, told Business Line.
“In view of the IBA coming out with an improved offer on Friday and
agreeing to further discuss the issue on January 27, we have decided to defer
the strike,” Venkatachalam said.
The revised offer of 9.5 per cent notwithstanding, UFBU will on January 27 look
forward to further improvement in the IBA offer in the wake of the reasonable
demand by the unions on account of high inflation in the country, he said.
The bilateral talks between the IBA and the UFBU were held in Mumbai on
Friday at the instance of the Central Chief Labour Commissioner, who held a
round of conciliation talks with the two sides on January 13 in New Delhi.
The next round of talks between IBA and UFBU, a representative body of nine
bank unions, will take place in Mumbai on January 27.
Venkatachalam also said the IBA had committed to wrap up the process of
wage revision settlement by end
June this year.
Merged points CPI
|
or in percenatge
|
||||
4400
|
60.15%
|
||||
Current Average CPI
|
Reamaining CPI after merger
|
How many slabs (average CPI / 4 )
|
Present DA factor for each slab
|
Total DA percentage=( DA factor * Slabs)
|
|
5402
|
1002
|
250.5
|
0.15
|
37.575
|
|
60.15
|
8721.75
|
23221.75
|
|||
Current Basic pay (January)
|
Current DA (96.15% of Basic
pay)
|
Total Basic pay + DA
|
New BP ( current basic pay + 60.15% of BP)
|
New DA= New BP * Total DA
percenatge
|
Total New
|
14500
|
13941.75
|
28441.75
|
23221.75
|
8725.572563
|
31947.32256
|
Difference in Basic and DA
|
3505.572563
|
||||
HRA and CCA extra
|
·
Not reached agreement In DA factor- Was 0.18 %
in in 8th settlements and redcuced to 0.15% in 9th settlement
·
Increase of 9.% % on net pay slip- Net pay slip
amount is not clear
·
Also 9.5 increase from 01-11-2012 or not ?
Analysis Courtesy
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