Bank has made available the latest Master Circular dated 1st July 19 on Pension. We have split the circular in two parts- one containing the detailed instructions and the other part contains forms for official use. Members may view (Part I) here. Some relevant extracts are reproduced below. RBI Pension Regulations, 1990 do not cover…
Labour Bureau, M/o Labour and employment have made available the following AICPINs for the quarter ending June 30, 2019: Month Index nos.base 2001 Index nosbase 1960 April 312 7121 May 314 7167 June 316 7213 As the pensioners are being paid Dearness relief at the average 6885 for the half year from February 19 to July…
Before we proceed further , the following terms should be noted; DA-Dearness allowance for working employees DR-Dearness relief for retirees/pensioners CPI-consumer price index AICPI – All India Consumer Price Index. AICPIN- All India Consumer Price Index Numbers. DA figures calculations are based on AICPIN for Industrial Workers (base 2001=100). The index numbers are released on the last working day…
