AICPIN(IW) 2016=100 FOR DECEMBER 2021

[mohan p]

FOR INFORMATION:

 

ALL INDIA CONSUMER PRICE INDEX NUMBERS FOR INDUSTRIAL WORKERS (AICPIN-IW)2016=100 FOR DECEMBER 2021

As per release made today by Labour Bureau, Ministry of Labour and Employment ,Govt.of India, the All India Consumer Price Index Numbers for Industrial Workers(AICPIN-IW ) Base Year 2016=100 for December 2021, stood at 125.4points  with decrease  of 0.3 points while compared to November 21 figure as furnished here under:

L

AICPIN(IW)BASE-2016=100 FOR DECEMBER. 2021
MONTHS	AICPIN(IW)	AICPIN(IW)	AVERAGE		INCREASE
	2016=100	1960=100	INDEX		IN SLABS
October'21	124.9	8210.75
November	125.7	8263.34
December	125.4	8243.62	8239.		74

Thus, the confirmed average index for the quarter comes to 8239 points.

Jh

Accordingly,  there will have  74 slabs increase  in DA payable for  Bank pensioners for next half year w.e.f 1^st February  ’22,to 31^st July 2022.

Detailed chart on DA payable to different categories of pensioners  w.e.f.1^st Feb’22 are furnished here under for information:

 

 

DEARNESS RELIEF PAYABLE TO PENSIONERS W.E.F.1ST FEB'22 TO 31ST JULY'22.
D.A. to those who retired on or after 1st Jan 1986 but before 1st Nov 1992.
Basic Pension		D.A.Payable			Average Index		8239
						Slabs	1909
Up to Rs.1250.				1279.03	℅
Rs.1251 to 2000				1049.95	%
Rs.2001 to Rs.2130.				629.97	%
Above Rs.2130				324.53	%
D.A payable  to those who retired on or after 1st November 1992
Up to Rs.2400				620.2	%	Slabs	1772
Rs.2401 to 3850				513.88	%
Rs.3851 to 4100				301.24	%
				159.48	%
	D.A. payable to those who retired on or after 1st April 1998
Up to To. Rs.3550				393.12	%	Slabs	1638
Rs.3551 to 5650				327.6	%
Rs.5651 to 6010				196.56	%
				98.28	%
D.A.Payable to those who retired on or after 1st November 2002
				267.66	%	Slabs	1487
	D.A.Payable to those who retired on or after 1st November 2007
				202.5	%	Slabs	1350
	D.A.Payable to those who retired on or after 1st November 2012
				94.9	%	Slabs	949
	D.A.Payable to those who retired on or after 1st November 2017
				32.97	%	Slabs	471
pm/31.01.2022.

 

 

 

 

 

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[Ashok Shrikhande]

Dear Sir

Thanks. I think slabs should be 75 instead of 74.

Regards

Ashok S

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[mohan p]

Dear Friends,

Circular on  DA payable to Pensioners,  for the next half year w.e.f 1st February 2022 to 31st July 2022 is attached here below for your information.

--

[mohan p]

Dear Friends

You can also check the increase in DA payable to pensioners  w.e.f 1.2.22 to 31.7.22 under following link in Bank Pensioner blog.

http://bankpensioner.com/dacalculator_feb_2022.html

[Kalimuthu M]

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[kushal mukhoti]

The calculator calculates the difference of DR for pensioners retired during the 7th to 10th BPS only. Calculators for 5th, 6th, and 11th BPS  are not available there. Please check. 

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[mohan p]

Yes,sir .You are right.

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[Raj Venkat]

News

A highly reliable source has informed that ‘ in principle approval of the Government to amend the Public Sector Bank Pensioners’ Pension Regulations to provide 100% DA Neutralisation to pre 2002 Retirees has been received . As directed by Govt , IBAs Managing Committee after obtaining RBI consent has adopted appropriate resolution and had sent the resolution to Govt for approval and to issue Gazette Notification. 

According to him, this should not take more than a week or so ‘

On being asked about similarly placed SBI Pensioners, he told me that SBI Pension Regulations already has such a proviso . 

He further said Pension Updation exercise shall be taken up after receiving Govt approval for 100% DA Neutralisation issue 

For information 

Regards 

Umesh Sharma

03/02/22

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[mohan p]

Dear Friends,

Let us desist from circulating such false information without any authenticity!

Such news may only   increase the  anxiety  of senior/super senior pensioners.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEcYmfztm%2BHF6QbsWAcBFJH7Ug11kR%3DNmq4DcwXm4zF5iiHJQA%40mail.gmail.com.

[S L GULATI-ADV:-]

Who is this Umesh Sharma ? !!!!!     Despite requests, such people do not desist from throwing tantrums.  Very sad.

S L Gulati-EX-PNB-SVRS-2000

Advocate

9034889525

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Thanks & regards.
Sincerely yours,

S.L.Gulati
Adv. & Tax Consultant
M- 90348-89525 (PNB EVRS)
M- 9306280765

[Raj Venkat]

Umesh is a veteran SBI officer and may not follow your ideology.

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[Debasish Mukherjee]

As far as I read the PSU Banks Pension regulations for payment of 100% neutralisation of D.A.to the pre Nov.2002 retirees may not need Govt. approval or ammendment of Pension Regulations separately. At best a formal approval from the Finance ministry/DFS may be sought for. Generally the Banks ammend pension regulations every six months after revision of D.A.for the retirees and every three months for the employees. Hence, the Banks will ammend regulations when full neutralisation of D.A. is paid and no need to ammend regulations before payment seperately. Another point we must have noticed that the IBA communication dt.01.02.2002 advising payment of D.A. from Feb.2022 to July, 2022 for the retirees  advised tapered D.A.payments for those retired between 01.4.1998 to 31.10.2002.

I am confused how a respectable person as Mr.Umesh Sharma has made this statement. Let us expect the news is not fake. Mr.Sharma, a retired Senior executive from SBI has stated that SBI has already  this proviso in their regulations and if it is correct then other PSBs are also to follow the same and all the retirees must ensure that their Bank authorities do not deviate from SBI norms.

Debasish Mukherjee.

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Yes,sir .You are right.

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[KrishnaSwamy K R]

My Dear colleagues,  

     Regarding DA Circulars issued by I B A periodically, IBA puts a clause in the 1st page of all circulars - - - reads as

                        "Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, 

                         the Dearness Relief payable to pensioners for the period . . . . . . . . ."

     I B A inserts this clause from 10 years or even before.

     This clearly indicates that 100% DR is eligible immediately after the 

     Pension Regulation amendment to this effect.

          Kindly throw some light on this aspect !!!

Yours sincerely, 

( K R K Swamy)

Ex Staff. 

Erstwhile Syndicate Bank.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDTnzU56kcpT%2BGApZXpigAiv_Tv_jH4AEv06m%3DSvQQbuYA%40mail.gmail.com.

[Balasundaram Ramaswamy]

I totally agree with Shri Mohan.

Regards

R. Balasundaram

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDTnzU56kcpT%2BGApZXpigAiv_Tv_jH4AEv06m%3DSvQQbuYA%40mail.gmail.com.

[satyendra kumar bansal]

This very very old and repetition of news. In past also the news with same wordings was circulated by a few member as "unconfirmed news".

Please avoid such ambiguous news articles and moderator must block such unauthentic news posted by members.

Satyendra Bansal,

SVRS syndicate bank

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From: bankpe...@googlegroups.com <bankpe...@googlegroups.com> on behalf of mohan p <moha...@gmail.com>
Sent: Thursday, February 3, 2022 4:11:32 PM

To: bankpensioner <bankpe...@googlegroups.com>
Subject: Re: bankpensioner AICPIN(IW) 2016=100 FOR DECEMBER 2021

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDTnzU56kcpT%2BGApZXpigAiv_Tv_jH4AEv06m%3DSvQQbuYA%40mail.gmail.com.

[Inderjit Singh]

Yes.  Till the time something concrete comes out from MOF, IBA etc., it's like showing lollipop.   Best hope could be close to Lok Sabha elections, that too, if the in-power political outfit fears the road gonna be rough. 

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[dr padmanabhaiah]

Really it is advisable for pensioner members not to post fake information regarding pension updation or related to DA 100% neutralisation etc,  This type of information will increase the anxiety ofpeople and if not being materialised may lead depression. 

Sent from my iPhone

On 04-Feb-2022, at 9:54 AM, satyendra kumar bansal <aa2...@hotmail.com> wrote:



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[NSS]

Friends

The reasoning that the Executives who have earlier opposed 100% DA to pre Nov 2002 retirees will not recommend it now is wrong. Also the Supreme Court Judgment in 100% DA appeal does not say that the Pre Nov 2002 retirees should not be given 100% DA or giving them 100% DA is violative of  any Law. All that the Court has said is , the prevailing rules / Law does not allow payment of 100% . Therefore the Regulations need amendment for giving 100% DA to all. 

Regarding the Union Bank of India Regulations, Courts decision was not based on the amended Regulations of Union Bank of India. Court came to the conclusion that the classification of pensioners for extending enhanced DA is not violative of Article 14 of the Constitution and the settlement dt.29/10/1993 has lost its force with the adoption of Regulations. It is pertinent that no one, even the Parliament , can make any Law/Regulation/Rule/Notification in violation of the Fundamental Rights (which includes Art.14) enshrined in the Constitution. Anything so made will be treated by Courts as not having ever existed .  

[JSOMA SHEKARA]

Sri Umesh Sharma is a senior retired officer of SBI. In the past he has denied having made any false claims. The message posted above has been circulated since the last few months in different names.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAP032pxx9A1OrtphfGuw%2B9sSXe3Y_aiwkSQ3qpydVuL3QFoTPw%40mail.gmail.com.

[kushal mukhoti]

 'Another point we must have noticed that the IBA communication dt.01.02.2002 advising payment of D.A. from Feb.2022 to July 2022 for the retirees advised tapered D.A.payments for those retired between 01.4.1998 to 31.10.2002'

You have probably skipped part 1 and part 2 of the IBA circular wherein the chart for 5th and 6th BPS pensioners is also available.

Thank you.  

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/1643896867.S.71196.autosave.drafts.1643899017.21789%40webmail.rediffmail.com.

[Debasish Mukherjee]

Though Mr.Krishnaswamy K.R. is correct that in every D.A. revision circular issued by IBA puts a qualifying clause of revision is subject to ammendment of regulations but in effect the Banks also enjoy liberty of amending regulations post payments of revisions. My specific observation is why IBA in its circular dt.01.02.2022 advising revision of retirees D.A. from Feb.2022 again stated tapered payment of D.A.for those retired between 01.4.1998 and 31.10.2002? If indeed 100% neutralisation of D.A.be paid to those segment of retirees then IBA circular should have mentioned that with similar clause subject to ammendment of regulations. But IBA is silent about this point. It is possible that since SC judgement dt.13.2.2018 had direction for payment of Full neutralisation of D.A.also as legal experts clarified but the IBA and the Banks ignored SC order, a contempt petition has been filed in the SC which has been clubbed with the appeal for updation of pension vide SC case no.5561 of 2016 IBA might have taken the cue to wait for judgement of SC contempt petition & updation. 

Debasish Mukherjee.

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From: KrishnaSwamy K R <krkm...@gmail.com>
Sent: Fri, 4 Feb 2022 09:54:42 GMT+0530
To: bankpe...@googlegroups.com
Subject: Re: bankpensioner AICPIN(IW) 2016=100 FOR DECEMBER 2021

My Dear colleagues,  

     Regarding DA Circulars issued by I B A periodically, IBA puts a clause in the 1st page of all circulars - - - reads as

                        "Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, 

                         the Dearness Relief payable to pensioners for the period . . . . . . . . ."

     I B A inserts this clause from 10 years or even before.

     This clearly indicates that 100% DR is eligible immediately after the 

     Pension Regulation amendment to this effect.

          Kindly throw some light on this aspect !!!

Yours sincerely, 

( K R K Swamy)

Ex Staff. 

Erstwhile Syndicate Bank.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEhho+wLUiNroYNn_bUqRdzo...@mail.gmail.com.

[Shrinivas Parkar]

You appear to be correct Respected Inderjit Singh Sir. Yesterday I heard 2 Bank Retirees talking similarly with each other as follows:-

"Maximum Rate of Interest on Bank Fixed Deposit was 11% in the year 1999 but reduced to 5% in the year  2004, during which period, BJP was in-power. This was the main reason for then in-power  BJP Government to lose the Election to Respected Smt Sonia Gandhi, in 2004, even though Respected Sonia Gandhi was new in Politics and was labelled as Foreigner. Now also, during BJP Government, Bank Fixed Deposit Maximum Rates are reduced from 9% to 5% since the year 2014 till date. This has affected Senior Citizens, very adversely. Due to aggressive Speeches of their Star Speaker, Senior Citizens appear to have not noticed this point. But, if Hon'ble Finance Minister does not walk her talk and Pension is not updated, without further delay, Bank Retirees may start massive campaign to Awake Senior Citizens & others, whose main or supplementary Income is Interest on Bank Fixed Deposits. Such Voters may be more than 30%, which is a huge Vote Bank, influencing Election Victory in a great way."

I confidently hope that Hon'ble Finance Minister may not put her Party into Problem and definitely may take suitable steps to Update Bank Pension, without further delay. 

Sent from Yahoo Mail on Android

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[Seshaiyer Devadass]

Dear Sir

Kindly do not be hurry. He is a retd DGM from SBI and one of the members of Group of Pensioners filed case alongwith Shri.P.P.P.Upathyaya from Karnataka. He might have got the information from some sources and if the identify is revealed, the message would not come in future. For this reason, he might have mentioned 'from reliable sources'. Let us wait for the good news

With regards

S.Devadass, State Bank of India - Retd, Palani-624601

Cell:9442250104

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[mohan p]

Dear Sri.Krishna swamy,

Let me clarify that the clause appear in every  IBA's DA circular on pensioners  ( as ..subject to amendment of PR.......) has no correlation with payment of 100% DA and it is only an assumption!

I have recently, referred under this forum, on this clause of IBA used to  appear in IBA's DA circular on pensioners, every half year in another discussion just to show that Bank Employees Pension Regulations are amended, periodically in the case of payment of DA.

This necessitates , due to changes taking place on DA payable to pensioners, consequent upon increase/decrease of  AICPIN-IW during relevant half year.

(Ref.Regulation 37, and Appendix-II)

As I have stated earlier, unlike Govt staff / pensioners, we are receiving enhanced DA w.e.f.very next day of release of AICPIN-IW(2016=100) by labour Ministry.

Where as Bank Employees Pension Regulations,1995, adopted by individual banks, cannot be amended simultaneously at the same time, while rate of DA is changed.

It is to be noted that, there are certain process/formalities  to amend such regulations, which has to go first to individual boards of banks and subsequently for publication in Gazette,etc.

Usual delay may occur, since Banks' board may not meet  frequently or publication in Gazette too take time.

So what you have stated as follows  is not correct.

"This clearly indicates that 100% DR is eligible immediately after the 

     Pension Regulation amendment to this effect."

Now a days few are relating the amendment of EPR,1995 on accomplishment of our long pending issues!

What MOF and FM reiterates in parliament is that bank employees pension is paid out of pension fund created  in banks and any revision etc may be considered based on consensus arrived  among bank unions and IBA on this issue.

So let IBA send a proposal to MOF first.Approval by MOF and amendment of pension regulations etc are next part which may take as usual.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEhho%2BwLUiNroYNn_bUqRdzoKQLExorj63eyhL2T8rD9NOR5Pw%40mail.gmail.com.

[Shrinivas Parkar]

During the Virtual Rally on yesterday 3rd February 2022, Hon'ble Prime Minister Most Respected Narendra Modiji Sir explained a Principle of his Party as, "BJP Jo Kehta Hai, Woh Karata Hai", which means "What BJP speaks, that BJP does" or in other words, "BJP Walks its Talks". 

[Shrinivas Parkar]

I heard in a TV Debate on 3rd February 2022, Advocate Gunaratna Sadavarte saying that there is Judgement of Hon'ble Delhi High Court that the Assurance of a Politician in Public Domain must be followed. Advocate Sadavarte is also Sole Leader of Maharashtra State Transport Workers, who are agitating for their Demand of amalgamation with State Government, as per assurance of the Head of the present Maharashtra Government. 

[KrishnaSwamy K R]

Thank you Mohan ji for the clarification.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDQ1m5t7xzfaHjqTYVbjWL4EjtJzBD6SkfU7yfPHuASUhw%40mail.gmail.com.

[NSS]

Friends

The Pension Regulations on Dearness Allowance (Appendix II) is amended only after every wage settlement. Appendix II gives the details of Index Points merged , and the % rate at which DA on Basic is to be calculated for every rise or fall of four points. The Appendix II also gives the periodicity of DA revision and the methodology for arriving at the average index. Therefore there is no need for amending the Regulations every half year. Why IBA includes the statement "Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the dearness Relief payable to pensioners for the period . . . . . . . . ." every time in the DA revision circular is not known. No bank seems to have carried out these amendments.

N.Sankara Subramanian

[mohan p]

Dear Friends,

There need a correction to my earlier mail.

Amendment related to Reg37,Appendix-II

is to be carried out as and when the pattern of merger points and percentage of factor changes,  under each settlement once in five years.

I fully agree with what us stated by Nr.NSS.

[Seshaiyer Devadass]

If the court judgement is available, kindly post

S.Devadass, State Bank of India - Retd, Palani-624601

Cell:9442250104

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On Sat, Feb 5, 2022 at 12:54 PM 'Shrinivas Parkar' via bankpensioner <bankpe...@googlegroups.com> wrote:

I heard in a TV Debate on 3rd February 2022, Advocate Gunaratna Sadavarte saying that there is Judgement of Hon'ble Delhi High Court that the Assurance of a Politician in Public Domain must be followed. Advocate Sadavarte is also Sole Leader of Maharashtra State Transport Workers, who are agitating for their Demand of amalgamation with State Government, as per assurance of the Head of the present Maharashtra Government. 

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[Shrinivas Parkar]

We may be aware that Mother and Brothers of our Hon'ble Prime Minister Respected Narendra Modiji Sir, still are living a very simple lifestyle as Common Man in Gujarat. While travelling in a local bus, I met one Gentleman, who stated that he is from Vadnagar, Gujarat  and he is a childhood friend of Respected Narendra Modiji Sir. He said that Respected Modiji Sir is very honest person and Respected Modiji Sir has told him that he can meet Respected Modiji Sir, not for any personal matter, but only for matter of Public Interest. I forgot to take contact number of my co-passenger.

I request my Retiree Collegues  from Vadnagar, Gandhinagar,  Ahmedabad or other area to find out any known person of Hon'ble Prime Minister Respected Narendra Modiji Sir and through such known person or through any of Brothers of Respected Narendra Modiji Sir to take up our Public Interest Matter of Pension Updation with our Beloved Prime Minister Most Respected Narendra Modiji Sir.

[Seshaiyer Devadass]

Dear Sir

It is ok that Modi is very simple and his family members are living as normal family. There may be two reasons 1. they themselves keep distance from PM; 2. PM himself keep distance with them. And also it is very unrealistic that "While travelling in a local bus, I met one Gentleman, who stated that he is from Vadnagar, Gujarat" - the name could not be got. Will there be any use in finding out brothers of Modi and making representations? Is it correct? If Modi is very honest person, he should have taken into account of the representations of the lac and lac of pensioners who wrote not only for them but also for 6 lac plus pensioners of PSBs throughout the Nation. Sir many such stories are in the media for a long period since Modi became PM. But by this we are not degrading him in any way. If he extending his ears for the benefit of some six lac plus pensioners, we could be able to believe his honesty. Sir kindly do not take this as a statement against him.

With regards 

S.Devadass, State Bank of India - Retd, Palani-624601

Cell:9442250104

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On Sun, Feb 6, 2022 at 5:42 PM 'Shrinivas Parkar' via bankpensioner <bankpe...@googlegroups.com> wrote:

We may be aware that Mother and Brothers of our Hon'ble Prime Minister Respected Narendra Modiji Sir, still are living a very simple lifestyle as Common Man in Gujarat. While travelling in a local bus, I met one Gentleman, who stated that he is from Vadnagar, Gujarat  and he is a childhood friend of Respected Narendra Modiji Sir. He said that Respected Modiji Sir is very honest person and Respected Modiji Sir has told him that he can meet Respected Modiji Sir, not for any personal matter, but only for matter of Public Interest. I forgot to take contact number of my co-passenger.

I request my Retiree Collegues  from Vadnagar, Gandhinagar,  Ahmedabad or other area to find out any known person of Hon'ble Prime Minister Respected Narendra Modiji Sir and through such known person or through any of Brothers of Respected Narendra Modiji Sir to take up our Public Interest Matter of Pension Updation with our Beloved Prime Minister Most Respected Narendra Modiji Sir.

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