Dear Ajeet Kumar,
For Central Public Sector Undertakings, there is a guide line from Department of Public Enterprises under the Ministry of Heavy Industries regarding wage revision w.e.f 01.01.2010.
As per the above guide line, the Industrial DA as on 1.1.2007 will be merged with the basic as on 31.12.2006.
The DA corresponding to AICPI on 1.1.2007 is 68.8% and after 50% DA merger (that also as per DPE direction) it is 78.2%.
The maximum fitment benefit on the above basic+DA is 30%.
i.e. In normal case, (basic+DA)x130% will be the revised scale. Annual increment will be 3% of the new basic.
DA on 1.1.2007 will be zero. Instead of the base points of 1708 (base 1960) towards AICPI, the new base points will be 2884. The revised DA will be; enhanced points/base points x 100.
For eg. on 1.10.2010, the average AICPI is 4033.
In the pre revised scales, DA is calculated as under
Base points - 1708
Enhanced points - 4033-1708 = 2325
DA = Enhanced points/base points x 100 = 2325/1708x100 = 136.1%
In the revised scale, DA will be as under
Base points - 2884
Enhanced points - 4033-2884 = 1149
DA = Enhanced points/base points x 100 = 1149/2884x100 = 39.8%
I don't know what is load factor. Please explain.
Abbas.P.S