The DA applicable for AICPI 1740 as at 1/8/1997 was merged with the existing Basic Pay. On this merged total a weightage (of % increase) was applied on 1/8/1997 on the merged figure was arrived at, which became the revised Basic Pay.
The tapering DA formula applicable to in-service employees was only followed as per 1/8/1992 rates and not the 100% neutralised rate of 0.35%.
I attach an example of AO with a Basic Pay of Rs 7590 before revision and the Basic Pay became Rs 12575 after revision on 1/8/1997 which worked out to 11.54% more than the merged Basic Pay plus DA as at 1/8/1997. 11.25% was only an average and it varied according to cadre and stages in the scale.
This is what I presume that LIC must have done while revising wages on 1/8/1997.
Greetings.
C H Mahadevan
How wage revision has been effected on 1/8/1997?
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Example of AO with Basic
Pay of 7590
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Existing Basic Pay as per 1/8/1992 scales
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7590
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DA as per tapering formula as at 1/8/1997
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3684
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Merged
Basic Pay +DA
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11274
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Revised Basic Pay as at 1/8/1997 as per fitment chart
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12575
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Weightage given after
merger of Basic Pay & DA
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11.54
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( 11.25% is only the
average percentage of weightage. It can vary according to the cadre and
according to the stages in the scale)
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