Dearness allowance link brings retail inflation figures under cloud There could be a systemic over-estimation of the retail inflation as measured by the consumer price index for industrial workers, or CPI-IW, as it forms the basis for revision in the dearness allowance of central government employees. This retail measure of inflation has generally shown a […]
DA orders
IBA likely to ask banks to provide for expected wage hike
Public sector banks are likely to start building up provisions for next wage revision starting December 2012. The Indian Banks Association has sent this proposal to the Reserve Bank of India (RBI) seeking the regulator’s approval. The RBI had asked banks to make advance provisions because bank P&Ls show too much volatility at times […]
Expected da from July 2011
Expected da from July 2011 We feel features, expectations and calculations are on the forefront for most of the central government employees regarding the additional Dearness Allowance from July, 2011 to be announced soon. There will be no change in the 7% DA unless a huge change takes place in the month of June AICPIN […]
7% Rise in DA/DR for Central Government Employees/Pensioners w.e.f 1st July 2011
7 Percent Rise expected in DA / DR wef 1-7-2011 7% Rise in DA/DR for Central Government Employees/Pensioners w.e.f 1st July 2011 1. For all the Central Government Employees/pensioners, there would be a rise of 7% in DA IDR to, which would result in the overall DA I DR of 58% from 1.7.2011 – as […]
Arunachal govt employees to get additional 6% DA
The Arunachal Pradesh government has decided to release an additional 6% Dearness Allowance (DA) for its employees and pensioners with effect from January this year. "Keeping in view the rising costs of daily living and the consequent hardships experienced by the employees, the government has decided to increase the DA to 51% from the […]