Saturday, June 9, 2012

Bank D.A. likely to rise sharply from August'12

With the CPI shoot up 91 points (Base Year 1960 = 100)  in April this year, the Bankers are expecting handsome rise in Dearness Allowance for Aug/Sep/Oct. We can calculate the actual increase only after getting the data for May and June which will be published on the last day of June and July respectively. But still, as we are being flooded away with queries from Bankers, it can be predicted a hefty rise of 5 to 6% provided the inflation sustains in the current level
As it is too early to do the guesswork, kindly wait for the updates which will be provided in due course.
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1 comment :

Unknown said...

ARNABJIT RAY OF THE NEW INDIA ASSURANCE CO. LTD, KRO HAS PREDICTED AN INCREASE OF DA BETWEEN 32 SLABS TO 40 SLABS FROM AUGUST, 2012 FOR BANK & INSURANCE EMPLOYEES IF THE INFLATIONARY TRENDS CONTINUE LIKE APRIL, 2012. CPI FOR INDUSTRIAL WORKERS WILL BE PUBLISHED BY THE LABOUR BUREAU ON 30TH JUNE & 31ST JULY RESPECTIVELY FOR THE MONTHS OF MAY & JUNE, 2012.

June 22, 2012 at 10:20 PM

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