EXPECTED INCREASE OF 25 SLABS IN DA PAYABLE FOR BANK STAFF IN NEXT QUARTER –Nov’16 to Jan’17.

 All India Consumer Price Index Numbers (AICPIN)for Industrial Workers (Base 2100=100)for the month of August ’16,stood at 278 points with a fall  of 2 points,compared to July’16 figure,as per data published to day by Labour Bureau,Ministry of Labour and Employment.
               Thus the confirmed index numbers of past two months are as follows:

                                   Base 2001=100                      Base 1960=100

JULY’16.                         280                                                6391.25
AUGUST’16.                   278                                                6345.60

             If the same level of current month Index. is expected to be continued for next month too, DA payable to Bank Staff for next quarter (Nov-Jan’17)may have 25 slabs increase. If it is assumed further increase of one point same may go up to 27 slabs.                                                                                                                   
              It may be noted that the above projection is based only on present inflationary trend and past years index movement.Actual increase can be arrived only on  release of index number for Sept ’16 at the end of next month.
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Provided by Mohan.P
30th Sept 2016.