Friday, December 30, 2016

Probable Bank D.A. for next quarter(Feb'17 Mar,April'17)

BANK STAFF DA FOR NEXT QUARTER -Feb'17 Mar,April'17- LIKELY TO  BE REDUCED -( 5 slabs or below.)

As per  the release of All India Consumer Price Index Numbers for Industrial Workers (AICPIN-IW)Base 2001=100 for the month of November '16 by
Labour Bureau,Ministry of Labour and Employment today,the Index Number for the month of November stood at 277 points as against 278 of Oct'16 with one point reduction.

Thus confirmed Index Numbers for past two months are as follows:

                                    Base 2001=100                        Base 1960=100

Oct'16                                    278                                     6345.60
Nov                                        277                                     6322.77

As such there is every likely hood of reduction in BANK STAFF DA for the next quarter - Feb'17 to April'17,if the current level of Index is continued at the same level for the month of Dec'16.too.
This is based on current inflationary trend as well as on assumption that there may not have much possibility of increase in Index numbers  for Dec'16 to keep the DA level at least to current level.,
Please note that actual figure may vary and can be arrived on release of Index number for the month of Dec'16 by next month end.
Provided by Mohan.P

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