Indian Banks’ Association
HR & Industrial Relations
November 1, 2022
All Members of the Association
Dear Sir/ Madam,
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2022 as published by Govt. of India in its website Labour Bureau are as follows:-
July 2022 8539.44
August 2022 8559.16
September 2022 8631.48
The average CPI of the above is 8576.69 and accordingly the number of DA slabs are 556 (8576 — 6352= 2224/4= 556 Slabs). The last quarterly Payment of DA was at 526 Slabs. Hence, there is an increase in DA slabs of ‘30’ i.e. 556 Slabs for payment of DA for the months November, December 2022 and January 2023.
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 November, December 2022 and January 2023 shall be 38.92 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
Senior Advisor (HR&IR)
🕑 19 Mar,23 11:52a.m.
No plans to link CGHS with Ayushman Bharat Health Account account
🕑 14 Mar,23 8:54p.m.
Cabinet likely to decide the Dearness Allowance hike tomorrow
🕑 13 Mar,23 9:21p.m.
Govt at Lok Sabha: DA / DR arrears are not considered feasible
🕑 11 Mar,23 10:13a.m.
RBE: Old Pension for railway staff whose posts notified before NPS
🕑 09 Mar,23 9:33p.m.
Clarification on handling railway mutual tansfer of the staff in Level-1
🕑 09 Mar,23 9:20p.m.
Notification on CCSs (Extraordinary Pension) Rules, 2023
🕑 09 Mar,23 9:15p.m.
Railways to call 5 times the vacancies for 30% LDCE Promotions to Gr B posts
🕑 09 Mar,23 9:11p.m.
Sharing of family pension under Central Civil Services
🕑 05 Mar,23 6:31p.m.
Clarification on the provisions under Income Tax on NPS transactions
🕑 23 Feb,23 2:10p.m.
How to get higher EPFO pension: Explained
🕑 17 Feb,23 7:39p.m.
Budget effect: Banks offering up to 9.5% interest on term deposits
🕑 02 Feb,23 8:28p.m.
What is Senior Citizen Savings Scheme which brought cheers to Sr. Citizens?
🕑 02 Feb,23 1:42p.m.
An additional ₹ 1 can can cost you ₹25,000 in IT under the new tax regime
🕑 01 Feb,23 8:57p.m.
Who should opt for the new tax regime?
🕑 31 Jan,23 8:35p.m.
Budget 2023: Here Are 5 Expected Income Tax Announcements
🕑 28 Jan,23 8:19a.m.
What does ChatGPT says about union budget 2023?
🕑 18 Jan,23 4:53p.m.
Budget 2023 may see reduction in IT, more reliefs for the middle class: CNBC news
🕑 18 Jan,23 12:11p.m.
Explained: Income Tax Exemption Vs Rebate Vs Deductions
🕑 10 Jan,23 8:09p.m.
📈 Expected Dearness Allowance (DA) from January 2024 Calculator