Saturday, September 30, 2023

AICPIN for August 2023 and expected Bank D.A. for next quarter

 ALL INDIA CONSUMER PRICE INDEX NUMBER FOR INDUSTRIAL WORKERS (AICPIN-IW) 2016=100,FOR AUGUST’23.

As per release made by Labour Bureau, Ministry of Labour and Employment,Govt. of India,today the All India Consumer Price Index Numbers,for industrial workers,for August 2023  (AICPIN-IW) 2016 = 100  stood at 139.2 points, with  a decrease of 0.5 points,compared to July'23 figures as  follows:

Base year 2016=100.  1960=100.  

July'23   139.7.                    9183.68

Aug’23.   139.2.                    9150.81

Based on above two months' CPI figures and if current level is continued for Aug'23 too,  DA payable to  serving Bank employees may be expected to  have 70 slabs increase for next quarter.

As we know, for  pensioners, next half yearly DR may be arrived based on CPI numbers for Oct,Nov & Dec'23

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