Regarding Release of 18 months DA withheld during COVID Question Answer in Rajya Sabha
7th Pay DA : जाने कितना बढ़ा महंगाई भत्ता
Regarding Release of 18 months DA withheld during COVID Question Answer in Rajya Sabha
Regarding Release of 18 months DA withheld during COVID Question Answer in Rajya Sabha
Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2021 under X BPS/ Joint Note dated 11.11.2020 – IBA
Indian Banks Association
HR & Industrial Relations
All Members of the Association
(Designated Officers)
Dear Sir/ Madam,
Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2021 under X BPS/ Joint Note dated 11.11.2020
We have to advise that the confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended March 2021 as published by Govt. of India in its website Labour Bureau are as follows:-
January 2021 – 7770.30
February 2021 – 7822.89
March 2021 – 7862.33
The average of the above is 7818.51 and accordingly the number of DA slabs works out to 367 (7818.51 – 6352 = 1466.51/4= 367 Slabs) The payment of DA for the months February, March and April 2021 was at 374 Slabs. Hence, there is a decrease of 7 slabs of DA i.e. 374 -367 Slabs for payment of DA for the months May, June & July 2021 .
Accordingly, in terms of clause 7 of the 11th Bipartite Settlement dated 11.11.2020 and clause 3 of the Joint Note dated 11.11.2020, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of May, June & July 2021 shall be 25.69 % of `pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
Yours faithfully,
S K Kakkar
Senior Advisor (HR & IR)
Source: IBA
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