Saturday, January 30, 2016

Bank staff DA for Feb,Mar and April’16 goes up with 28 slabs.

  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 December’15 stood at 269 points with a decrease  of 1 point while compared to Nov’15 figure.
As such the  confirmed average All India Consumer Price Index Numbers (IW) 1960=100  for the quarter  ended on Dec’15,is   furnished here under:

Base Year 2001=100           Base Year 1960=100

Oct’15.        269                                       6140.17
Nov’15.        270                                      6162.99
DEC ’15.      269                                      6140.17
Average Index No.                                  6147
Less merged index under Xth BPS        4440
Remaining points                                   1707
Slabs                                                        426
Rate of DA (0.10%)                                  42.60%
Increase in slabs(Old 426-398)                28

Accordingly there will be   28  slabs increase in DA payable to Bank Workmen /Officers  in next quarter Feb,March and April ’16 from  existing 39.80% to 42.60%.( Increase 2.80%)
.Kindly note that this is just for information and wait for IBA  Circular which may be issued shortly.
Source : Mr Mohan P. and Mr Debashis Das


S.Lakshman Rao said...

DA Due to the Banking Industry has nothing to do with !!! Pay Commission!!! Negotiable Instrument Act is totally a different subject from central pay commission.Merging such issues is not clear...

Sarvesh gowda said...

Sir ,u said wait for iba circular issued may be shortly.... Y WE SHUD WAIT FOR IBA CIRCULAR? IBA IS NOT A BODY CORPORATE..Bankers negotiating wage matters with iba is not correct...iba is not a regisrd association...y we shud wait for iba circular

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