Dearness allowance link brings retail inflation figures under cloud

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 … Read more

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 … Read more

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 … Read more