CPI(IW) or Consumer Price Index for the month of October 2016 is released, by the ministry of Labour and Employment. The index increased by 1 point and stood at 278. Even though the index has increased by one point, the DA or Dearness Allowance for bankers for the months of February, March and April 2017 will decrease by two slabs.
The decrease is mainly due to the higher index numbers for the previous quarter.
As of now assuming that the index is stagnant for all the three months, Dearness Allowance from February 2017 will be decreased by two slabs or 0.2%.
We assume that the index will fall further and by all probabilities the expect an steep fall in index in the coming months and accordingly a fall in DA slabs.
Do you want to know history for the past 10 years please click the following Link
Very interesting article about how the Dearness Allowance came into existence please do read the article
We can expect that we have entered into a low inflation era where in from now we will witness gradual decrease in inflation. All of the bankers should know that the Dearness Allowance is directly related to the inflation and from now on wards don’t expect any 25 to 30 slabs increase in Dearness Allowances in future.
Why da for state nd central govt employees always increase but for bankers it decrease
ReplyDeleteStepmotherly treatment in respect of everything! Banks are just pieces of tissuepaper for the Govt., to be discarded after use!
ReplyDeleteRight sir
DeleteWhy don't decrease is applicable to the MLA MP and other organizations allowance and salary??.. Are the bankers only chutiya?? Why don't they decrease working hour by 2 hours for these three months..stupid government useless governance.. We are not the begger we work with dignity and honesty..
ReplyDeleteAnd I personally am thankful to people who cheat government financially at lest the balancesheet must be tallied.. Government makes us fool and people like Malya do the vise versa..