Central D.A. from July'12 may rise by 7% again.

Central D.A. from July'12 may rise by 7% again.
Subject to AICIN data for the next two months remaining in the current level, the following assumption is being made.
The AICPIN data for April 12 has been recently published. It rises to 4 points and reached 205. We know that D.A. is calculated on the basis for 12 months average. To calculate the D.A. payable from 1st July 2012, we need the figures of May and June 2012 which are to be released on 30.06.12 and 31.07.12 respectively. If the data remains for the next two months in the same level, the hike will be 7%. If it marginally changes by thes months, the rise will be still 7% which will take the total D.A. to 72% - as at present no major rise is expected in this period - as per present trends.

RE-PENSION THROUGH PSU BANKS

• Reg: Payment of pension by Public sector Banks: As per Item 34, of the Reserve bank of India, Master Circular dated 01 July,2009 , the instructions are: "...agency banks to spread over the disbursal of pension during the period of last four working days of the month, except for the month of March,which will continue to be credited on or after the first working day of April"

LIC PENSIONERS CASE LATEST NEWS

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SPECIAL LEAVE PETITION IN SUPREME COURT

Posted: 02 Jun 2012 05:26 AM PDT

Special Leave Petition may come up before the Supreme Court bench

hearing the case on 16th July 2012.  Details awaited.

PRE 2006 CENTRAL PENSIONERS CASE LATEST NEWS

• No hearing could be held in Delhi High Court on 21-5-2012 - Reg Modified Parity to Pre-2006 Pensioners (since the turn of the case came up at the fag end of the day. The case was adjourned till after vacation and fixed on 17th July, 2012. (Ref: UNION OF INDIA & ORS. VS. CENTRAL GOVERNMENT SAG & ORS. – W.P (C) NO. 1535/2012)