Indian Banks’ Association: Dearness Allowance Update for Nov-Jan 2024 The Indian Banks' Association (IBA) has recently released an important update regarding the Dearness Allowance (DA) for bank employees for the months of November, December 2023, … [Continue reading] about Indian Banks’ Association: Dearness Allowance Update for Nov-Jan 2024
The Ministry of Finance, Department of Public Enterprises, Government of India has issued an office memorandum regarding the payment of Dearness Allowance (DA) to the employees of Central Public Sector Enterprises (CPSEs) who are following the CDA … [Continue reading] about Payment of Dearness Allowance to CDA Pattern Employees of CPSEs – 42% to 46%
In September 2023, the AICPIN dropped by 1.7 points to 137.5. The 1-month percentage change shows a 1.22% decrease compared to the previous month, in contrast to a 0.84% increase observed during the same months last year. The Labour Bureau, … [Continue reading] about AICPIN for the Month September 2023
Dearness Allowance (DA) is an important component of an employee's salary that helps to offset the impact of inflation on their purchasing power. It is calculated based on the average Consumer Price Index (CPI) for Industrial Workers over a specific … [Continue reading] about How to Calculate Dearness Allowance 2024 – A Simple Formula
Content Summary: The memorandum issued by the Department of Pension & Pensioners Welfare outlines significant enhancements in the provisions for withdrawing and advancing funds from the General Provident Fund (GPF) for government employees. … [Continue reading] about Enhanced Provisions for GPF Withdrawals -Dopt Order 2023