Dearness allowance is a cost of living adjustment paid to government employees, public sector employees and pensioners in India, Bangladesh and Pakistan. Dearness allowance is calculated as a percentage of Indian citizens basic salary to mitigate the impact of inflation on people.
In banks dearness allowance is revised every 3 months i.e. February – April, May to July, August to October, and November to January.
What increase in Dearness Allowance we can expect:
CPI data release for the month of July – 19 is 319, up 3 points from June 2019
CPI data released for the month of August – 19 is 320 up 1 point from July 2019
Assuming that CPI will increase by 1 point for the month of September 2019, DA for bankers will be 716 slabs that is 71.6% i.e. 3.5% increase
Assuming that CPI will increase by 2 points for the month of September 2019, DA for bankers will be at 722 slabs i.e. 72.2% which is 4.1% increase.
At the time of writing we can be assured of DA will be rising for Months November 2019 to January 2020 by atleast 3.5%
Hola! If you haven't heard this quote yet, take a moment to read it here.…
"Think good an good follows. Think evil and evil follows. Think creative and creativity will…
Better late than never! Apologies for the delay in responding, but I'm here now to…
By providing accurate information, context, promoting critical thinking, raising awareness, connecting global and local issues,…
Current affairs coverage often showcases stories of individuals and communities making a positive impact. Q1.…
Current affairs coverage helps individuals understand the interconnectedness of global and local events. It shows…