BANK DA FOR NEXT QUARTER MAY GO UP WITH 66 SLABS

All India Consumer Price Index Numbers for Industrial Workers,(AICPIN(IW) ,Base year 2001=100 for the month of August’18,has been released by Ministry of Labour and Employment.Govt of India, today which stood at 301 points constant  while compared to figure of July’18.

( Last month there was unprecedented hike in index number to the extent of 10 points) 

Now  the confirmed All India  Consumer Price Index Numbers for Industrial Workers(Base 1960=100) for the past two months are as follows:-

Months                Base 2000=100       Base 1960=100

___________     _____________       _______________

July’18.                           301              6870.60              

Aug’18                            301              6870.60                       

Based on the above index numbers and on an assumption that if the same level of current month is continued in next month also  DA payable to Bank Staff for next quarter from 1st November to 31st January’19.may have an increase of 66 Slabs.

This is only an assumption based on current index number and exact figure can be arrived once index numbers for Sept'18 is released by next month end.

Courtesy : Mr Mohan P.