AIBOC CIRCULAR NO. 75 DATED 30.07.2011

AIBOC issued its circular No. 75 dated 30.07.2011 on Dearness Allowance payable from 01.08.2011. We are reproducing the same here for our readers.

CIRCULAR NO.75                             30-07-2011

TO ALL AFFILIATES/MEMBERS

DEARNESS ALLOWANCE

The Index Numbers for the quarter ended  June 2011  are as under:

            Month               Index as per              Conversion               Index as per

                                     2001 series               Factor                       1960 series

    April     2011      186                4.63 x 4.93                     4245.61                             

    May     2011      187                  4.63 x 4.93                     4268.44

   June    2011       189                  4.63 x 4.93                     4314.09

              Total                             12828.14

                     Average =          12828.14/3                 4276.04

Difference in excess of 2836 points  1440.04

D.A.paid for the previous quarter on (i.e. 352x4)                1408.00                                                                                            

Difference                                                                    32.04

Increase in number of Slabs =          32.04/4 =                    8.01                                                 

Accordingly, Dearness Allowance is payable to Officers on 360 (i.e. 352+8) slabs with effect from 01-08-2011 as against 352 slabs for the previous quarter.

           

The rates of Dearness Allowance at various stages of basic pay are furnished overleaf.

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

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY