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Bank Employees DA for the months of Aug, Sep & Oct 2015 IBA Circular

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2015-16/1159

August 3, 2015

All Members of the Association
(Designated Officers)

Pension relief for pre-2006 retirees of the armed forces and central government

In a big relief to lakhs of pre-2006 retirees of the armed forces and central government, their pension has been revised with effect from January 1, 2006, rather than from September 24, 2012.

Latest 7th CPC projected Pay Scale – Revised Pay Bands, Grade Pay, Starting Pay in PB and Entry Pay

6th CPC has granted fitment benefit in the form of Grade Pay, Fitment benefit of around 40% of pay is allowed in the previous Pay Commissions .

AICPIN for the month of June 2015

All India Consumer Price Index Numbers AICPIN Data is used to calculate Dearness Allowance DA for Central Central Government Employees

AICPIN for the month of June 2015

7th Pay Commission Likely to Hike Salaries By 40% Credit Suisse predicts in an Interview to NDTV

The 7th Pay Commission is likely to raise the salaries of government employees by up to 40 per cent, said Neelkanth Mishra, India equity strategist of Credit Suisse. The Pay Commission will submit its recommendations in October and it will be implemented by next year.

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