Dearness allowance payable to Bank Sub-staff for Feb-April 2024
Consumer Price Index for October 2023, November 2023, and December 2023 are respectively- 138.40, 139.10, and 138.80. It works out to 63 slabs of additional DR for the Quarter of February 2024 to April 2024. So no change in DA rate for the Pending amendments to wage revision Banks may pay the Dearness Allowance payable…
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Dearness allowance on bank employees special Pay for February-April 2024
Consumer Price Index for October 2023, November 2023, and December 2023 are respectively- 138.40, 139.10, and 138.80. It works out to 63 slabs of additional DR for the Quarter from February 2024 to July 2024. So no change in DA for the ensuing quarter.Pending amendments to Pension Regulations, Banks may pay the Dearness on special…
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RBI Governor announces launching of Centralised Information Management System’ (CIMS)
Reserve Bank Governor Shaktikanta Das on Friday while addressing the 17th statistics day conference at the RBI headquarters, also launched ‘Centralised Information Management System’ or CIMS, which is the next-generation data warehouse. The Governor said that commercial banks will first begin reporting on the central bank’s latest next-generation data warehouse, the Centralised Information Management System’…
Read articleBank holidays 2022 under NI act : ODISHA State
Calendar of Public Holidays in Odisha (Orissa) State under sec 25 of NI Acts 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 05.02.2022 Saturday BASANTA PANCHAMI 3 01.03.2022 Tuesday MAHA SHIVARATRI 4 19.03.2022 Saturday HOLI 5 01.04.2022 Friday Annual closing of Bank accounts /UTKAL DIVAS 6 14.04.2022 Thursday Dr. B.R.AMBEDKAR JAYANTI…
Read articleDearness Allowance payable on bank employees special pay from Nov 2021 to January 2022
AICPIN-IW for September 2021 has been released by Labour Bureau on 29.10.2021. On the basis of CPI data announced by the Labour Bureau for the period of July 2021 to September 2021, the average index number works out to 434 slabs (base 1960=100) or 30.38 % for the above period. Accordingly, for the months of…
Revised/Reduced premium payable by Bank retirees for Group Insurance Policy
The high light of this year November 2020 to October 2021This time policy pensioner has the option to cover the Group Medical Insurance Policy for Retirees policy for Self+Spouce or self alone. Revised Group Medical Insurance Policy for Retirees has a flexible coverage scheme. Retirees also may also opt for the base insurance coverage of…
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