Tuesday, September 4, 2018

CPI index for Industrial workers for July 2018 is 301.
i.e 10 points above June 2018.
It will translate into an increase of 67 slabs (6.7%) in D.A. for Bank employees.

However, This figure will vary according to CPI numbers for August and September.
However a steep hike in D.A. is on cards.

Is this a good news or bad news?

(Previous high is 49 slabs in Jan 2015 and 48 slabs in 2014)