Expected DA for MAY 2016

Expected DA for MAY 2016

Expected DA for MAY 2016 – Bank Employees 31/03/2016 CPI (IW) for February 2016 released and is down by 2 points. 

Bankers will witness a decline in DA from May 2016. If we go by past trends CPI for the month of March is either stagnant or there is a slight increase. We have to digest decrease in DA by 10 to 6 slabs. ( Decrease by 0.1% to 0.06% ) CPI (IW) for January 2016 released and is stagnant at 269 points. We may witness a slight decrease in DA for MAY 2016.

Source:BankingUpdates