The Labour Bureau announced index number (IW) for the period of July 2020, August 2020 and September 2020 as under
| July 2020 | August 2020 | September 2020 |
| 336 (Base year 2001=100) | 338 (Base year 2001=100) | 118 (Base year 2016=100) |
Based on the CPI announced, the average index number works out to 7633 (base 1960=100). It means Dearness Allowance for the bank staff will be 818 slabs (81.8%) or an increase of 4.30% over the previous Quarter.
Dearness allowance chart for Sub-staff from November 2020 to January 2021 is as under.
| Revised | Old | increase | ||||
| Stage | Basic | Spl.All. | Total | 81.80% | 77.50% | 4.30% |
| 1 | 9560 | 741 | 10301 | 8426.22 | 7983.28 | 442.94 |
| 2 | 9885 | 761 | 10646 | 8708.43 | 8101.61 | 606.82 |
| 3 | 10210 | 791 | 11001 | 8998.82 | 8371.76 | 627.06 |
| 4 | 10535 | 816 | 11351 | 9285.12 | 8638.11 | 647.01 |
| 5 | 10860 | 842 | 11702 | 9572.24 | 8905.22 | 667.01 |
| 6 | 11270 | 873 | 12143 | 9932.97 | 9240.82 | 692.15 |
| 7 | 11680 | 905 | 12585 | 10294.53 | 9577.19 | 717.34 |
| 8 | 12090 | 937 | 13027 | 10656.09 | 9913.55 | 742.54 |
| 9 | 12500 | 969 | 13469 | 11017.64 | 10249.91 | 767.73 |
| 10 | 12910 | 1001 | 13911 | 11379.20 | 10586.27 | 792.93 |
| 11 | 13400 | 1039 | 14439 | 11811.10 | 10988.08 | 823.02 |
| 12 | 13890 | 1076 | 14966 | 12242.19 | 11389.13 | 853.06 |
| 13 | 14380 | 1114 | 15494 | 12674.09 | 11790.93 | 883.16 |
| 14 | 14870 | 1152 | 16022 | 13106.00 | 12192.74 | 913.25 |
| 15 | 15440 | 1197 | 16637 | 13609.07 | 12660.76 | 948.31 |
| 16 | 16010 | 1241 | 17251 | 14111.32 | 13128.01 | 983.31 |
| 17 | 16580 | 1285 | 17865 | 14613.57 | 13595.27 | 1018.31 |
| 18 | 17235 | 1336 | 18571 | 15191.08 | 14132.53 | 1058.55 |
| 19 | 17890 | 1386 | 19276 | 15767.77 | 14669.04 | 1098.73 |
| 20 | 18545 | 1437 | 19982 | 16345.28 | 15206.30 | 1138.97 |
| 21 | 19200 | 1488 | 20688 | 16922.78 | 15743.57 | 1179.22 |
| 22 | 19855 | 1539 | 21394 | 17500.29 | 16280.83 | 1219.46 |
| 23 | 20510 | 1590 | 22100 | 18077.80 | 16818.10 | 1259.70 |
| 24 | 21165 | 1640 | 22805 | 18654.49 | 17354.61 | 1299.89 |
| 25 | 21820 | 1691 | 23511 | 19232.00 | 17891.87 | 1340.13 |
| 26 | 22475 | 1742 | 24217 | 19809.51 | 18429.14 | 1380.37 |
| 27 | 23130 | 1793 | 24923 | 20387.01 | 18966.40 | 1420.61 |
| 28 | 23785 | 1843 | 25628 | 20963.70 | 19502.91 | 1460.80 |
Accounting is a multifaceted discipline. It caters to the diverse informational needs of stakeholders within…
As the name says ‘computerised accounting’ is the use of computers, software, and hardware to…
The Supreme Court today overruled a 2008 decision by the National Consumer Disputes Redressal Commission…
The Bank’s financial statements are prepared under the historical cost convention, on the accrual basis…
The term "accounting treatment" represents the prescribed manner or method in which an accountant records…
The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the…