BANK DA WILL GO UP WITH 66 SLABS AT 60.70% FROM NEXT QUARTER

Click here for IBA D.A. Circular
On release of All India Consumer Price Index Numbers for Industrial Workers (AICPIN(IW) Base Year 2001=100 for the month of September 2018, today, by Labour Bureau,Ministry of Labour and Employment,Govt of India, remain unchanged at 301 points  since last July’18.
            The confirmed average index for the quarter ended Sept’18,would be as follows:                      
                      2001=100                             1960=100

July,18            301                                     6870.60
Aug’18           301                                      6870.60
Sept’18           301                                      6870.60

             As such confirmed average index numbers  comes to 6870 and Dearness Allowance payable to Bank Staff for next  quarter- ie. Nov,Dec’18 and Jan’19 will have 66 slabs increase at the rate of 60.70%.(from existing 54.10%)

Average Index                            6870
Less merged Index xth BPS      4440
                                                   2430
Slabs                                            607
Increase 607-541 (previous)         66 Slabs.

Provided by MOHAN.P
(Please note that same has been predicted in the post last month )