AIBOC CIRCULAR NO. 108 DATED 31.07.2010

AIBOC issued its circular No. 108 on D.A. payable to officers w.e.f. 01.08.2010. We are reproducing the same for our readers.

CIRCULAR NO.108                                             31-07-2010

TO ALL AFFILIATES/MEMBERS

DEARNESS ALLOWANCE

The Index Numbers for the quarter ended  June 2010  are as under:

 Month               Index as per                Conversion      Index as per

                             2001 series                Factor               1960 series

April      2010                    170                      4.63 x 4.93                     3880.40

May       2010                    172                      4.63 x 4.93                     3926.05

June      2010                    174                      4.63 x 4.93                     3971.70

                                                             Total                                  11778.15

                                         Average =          11778.15/3                      3926.05

Difference in excess of 2836 points                    1090.05

D.A.paid for the previous quarter on (i.e. 264x4)      1056.00               

Difference                                                                     34.05

Increase in number of Slabs =     34.05/4              =                    8.51                                                    

Accordingly, Dearness Allowance is payable to Officers on 272 (i.e. 264+8) slabs with effect from 01-08-2010 as against 264 slabs for the previous quarter.

The rates worked out are as per the industry level scales upto Scale VII including SBI.

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY