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 pay for the period February 2024 to April 2024 as below.
New Spl pay | Fixed all | DA | |
Designation | (B) | (C ) | |
Bill collector | 590 | 97 | 333.15 |
Armed Guard. | 590 | 97 | 333.15 |
Daftry | 850 | 139 | 479.96 |
Head Peon | 1120 | 184 | 632.42 |
Electrician | 3090 | 507 | 1744.79 |
AC technician | 3590 | 589 | 2027.12 |
HeadmessengerIOB | 2470 | 405 | 1394.70 |
Driver | 3590 | 589 | 2027.12 |
SWO | 1250 | 205 | 705.82 |
Head Cashier | 1940 | 318 | 1095.43 |
spl.Asstt. | 2920 | 479 | 1648.80 |
Graduation/PQP | 0 | 0.00 | |
After 1 year | 625 | 103 | 352.91 |
After 2 years | 1215 | 199 | 686.06 |
After 3 years | 1835 | 301 | 1036.14 |
After 4 years | 2455 | 403 | 1386.23 |
After 5 years | 3045 | 499 | 1719.38 |
The marginal cost of capital (MCC) is the total combined cost of debt, equity, and…
The weighted average cost of capital (WACC) is the average rate that a business pays…
The Reserve Bank of India (RBI) defines a personal loan as a type of unsecured…
A share is a unit of ownership in a company and has an exchangeable value…
The cost of debt is the interest rate a company pays on its debt, and…
This article explains the assumptions and key aspects of approaches to capital structuring, including the…