Saturday, January 22, 2011

View likely Bank D.A. : Probability of around 3% D.A. for bankers for Feb, March, April 2011

Likely D.A. for Bankers
It is known that Dearness Allowance is linked with CPI. If the Cost Price Index of December 2010 remains same as November 2010, the increase will be 2.93%.
If the CPI touches 185 figure for the month of December 2010, the D.A. will be 3.78%, taking the figure to 49.98%.
It may kindly be noted that it is only an assumption and the final figure is expected to be published in the end of January by the Labour Bureau. So Bankers, kindly be patient.

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