Friday, April 29, 2011

Bank D.A. for May, June, July 2011 : Increase of 19 slabs [2.85%]

Ministry of Labour and Employment has released the CPI (IW) figure for the month of March today. Index figure for March stood at same level of February .
The figures for the months of January, February and March   are as follows:
                                Base 2001=100
Jan 188
4291.26
Feb 185
4222.79
Mar 185
4222.79
Accordingly there will be an increase in DA for the months of May ,June and July  to the extend of 19 slabs .DA will be increased to   52.80%    from existing DA of  49.95% 
Earlier it was predicted an increase of 21 slabs [3.15%], assuming slight increase of CPI figures in the month of March, 2011 which has been proved wrong. We apologize for the mistake.
Acknowledgment :  Mr Mohan P.

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