Explained: Financial Markets and functions of Financial Market
A financial market is a marketplace that provides an avenue for the sale and purchase of assets such as bonds, stocks, foreign exchange, and derivatives. Stock market: The stock market trades shares of ownership of public companies. (To know more read: Stock exchange) Bond market/debt market: The bond market offers companies and the government opportunities…
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The Informal (unorganized) financial enterprises
The organised sector mainly includes banks, Non-Banking Financial Companies (NBFCs), and Nidhi companies, where the first two are governed by the Reserve Bank of India (RBI) and the Ministry of Corporate Affairs is responsible for the regulation of Nidhi Companies. The informal financial sector comprises partnership firms, sole proprietary concerns, individuals, and institutions like Local…
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Confirmed DA Chart for Bank officers and employees for May 2024-July2024
The Labour Bureau has published CPI(IW) for January 2024, February 2024 and March 2024. The average DA for the above months works out to 15.97% an increase of 0.24% in DA payable for the quarter of May 2024-July 2024. The DA charts for officers, clerks, and sub-staff are attached below : DA for Bank Officers…
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Dearness Allowance for Bank sub staff (May – July 2024)
CPI (IW) for Jan 2024 – 138.90 | Feb 2024 – 139.20 | March 138.90 Average 139-123.03 = 15.97% | Last quarter DA – 15.73 | Increase now 0.24% SUB STAFF BASIC New DA Previous DA Difference 19500 4075 4014 61 20165 4209 4146 63 20830 4344 4279 65 21495 4478 4411 67 22160 4613…
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Dearness Allowance for Bank Clerks (May – July 2024)
CPI (IW) for Jan 2024 – 138.90 | Feb 2024 – 139.20 | March 138.90Average 139-123.03 = 15.97% | Last quarter DA – 15.73 | Increase now 0.24% CLERICAL BASIC New DA Previous DA Difference 24050 4994 4919 75 25390 5265 5186 79 26730 5536 5453 83 28070 5806 5719 87 29720 6140 6048 92…
Dearness Allowance for Bank Officers (May – July 2024)
CPI (IW) for Jan 2024 – 138.90 | Feb 2024 – 139.20 | March 138.90Average 139-123.03 = 15.97% | Last quarter DA – 15.73 | Increase now 0.24% OFFICERS SCALE – STAGNATION – BASIC New DA Previous DA Difference SCALE 1 – 48480 9930 9780 149 SCALE 1 – 50480 10334 10178 155 SCALE 1…
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