BANKERS MAY EXPECT 30 SLABS INCREASE IN D.A. FOR FEB/MAR/APR'2016

As per Labour Bureau,Ministry of Labour and Employment.G.O.I, release of date,the All India Consumer Price Index Number ( Base Year 2001=100) for Industrial workers for the month of November’15 stood at 270 points with an increase of 1 points while compared to Oct’15 figure.

Next quarterly DA for Bank Officers/Workmen is calculated based on AICPIN (IW)Base Year 1960=100 for the months of October,November and December’15. 

The confirmed index numbers for past two months are as furnished here under: 

Base Year 2001=100              Base Year 1960=100 Oct’15.        269                                   6140.17
Nov’15.        270                                  6162.99

If the current index number is continued as it is, in December’15 too, there may have minimum 30 slabs increase in DA payable to bank workmen /Officers in next quarter w.e.f Feb’16.

This is only an assumption based on current movement of index numbers and exact data on DA payable for next quarter (February'16,March & April) can be arrived on release of December index numbers by month end.

      For more:http://sapostodisha.blogspot.in/2016/01/aicpin-for-november-2015-expected-da-on.html

Reff:http://potools.blogspot.in/