AICPIN for June'12 released, Central and Bank D.A. to increase as expected

All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of June, 2012 increased by 2 points and stood at 208 (two hundred eight).
7% increase in D.A. for central staff, 40 slabs hike for Bankers.

Income Tax Return : Due Date extended

Due to power failure and disturbance of normalcy for this in a large portion of the country, the due date has been extended to 31st August 2012 for the A.Y. 2012-13.

Bank and Central D.A. may be known exactly tomorrow

The labour bureau is going to announce AICPIN data for June 2012 tomorrow. This figure is necessary to arrive at the exact Dearness Allowance increase for Bank and Central Govt. employees. The state Govt.s also follow the central D.A. pattern.. It was already predicted a rise of 7% D.A. for central staff w.e.f 1st July 2012 by this blog.
The bankers may also expect a hefty hike of nearly 40 slabs for Aug/Sep/October 2012.
So be with us to know the exact increase.

Punjab changes office time, starts early, ends early

Chandigarh, Jul 30 (PTI) Facing acute power shortage, the Punjab government today changed timings of its offices from August one.
The changed timings, however, would not be applicable to government offices located in Chandigarh, an official spokesman said here.
Timings of all offices of the Corporation and the Board had also been changed, he said.
The new timings would be from 8 a.m. to 2 p.m.

Employees' Provident Fund (EPF) interest hiked to 8.8%

Consequent on revision of interest rate for subscription/deposits in General Provident Fund from 8.6% to 8.8% with effect from 01.04.2012, Employees Provident Fund Organization has also revised the interest rate of staff Provident fund to 8.8% with effect from 01.04.2012.