Monday, October 31, 2016

AICPIN decreased for Sep'16 but Bank D.A. set to increase by 23 slabs from Nov'16 to Jan'17

The All-India CPI-IW for September, 2016 decreased by 1 point and stood at 277 
              All India Consumer Price Index Numbers (AICPIN)for Industrial Workers (Base 2100=100)for the month of September’16,stood at  277    points with a decrease  of  1  point,compared to August’16 figure,as per data published to day by Labour Bureau,Ministry of Labour and Employment.
               Thus the confirmed average index number for the quarter is as follows:

                                   Base 2001=100         Base 1960=100
                                  ____________                        ____________

JULY’16.                         280                            6391.25
AUG’16.                           278                           6345.60
SEPT’16                           277                           6322.77
Average Index : 6353
Increase in slabs 23 (478- old 455)
             As such DA payable to Bank Staff for next quarter (Nov-Jan’17)may have 23 slabs increase from existing  45.50% to 47.80%
Provided by Mohan.P

1 comment :

S.Lakshman Rao said...

DA/DR due to central government Officials under the existing policy is to ensure Uniformity through out the country.We are less familiar with the same element as far as Bankers because the banking Industry is under the care of Negotiable Instrument Act.Hence mixing both under a single package are likely to increase the !!! Existing Anomalies!!!...With Greetings...

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