DA CHART FOR OFFICER FROM MAY 2020

Stage	Basic_pay	Spl.Pay	Total	DA New	DA previous	Increase
Officers Scale I to VII	.	.	.	76.10%	75.90%
1	23700	1837	25537	19433.66	19382.58	51.07
2	24680	1913	26593	20237.27	20184.09	53.19
3	25660	1989	27649	21040.89	20985.59	55.30
4	26640	2065	28705	21844.51	21787.10	57.41
5	27620	2141	29761	22648.12	22588.60	59.52
6	28600	2217	30817	23451.74	23390.10	61.63
7	29580	2292	31872	24254.59	24190.85	63.74
8	30560	2368	32928	25058.21	24992.35	65.86
9	31705	2457	34162	25997.28	25928.96	68.32
10	32850	2546	35396	26936.36	26865.56	70.79
11	34160	2647	36807	28010.13	27936.51	73.61
12	35470	2749	38219	29084.66	29008.22	76.44
13	36780	2850	39630	30158.43	30079.17	79.26
14	38090	2952	41042	31232.96	31150.88	82.08
15	39400	3054	42454	32307.49	32222.59	84.91
16	40710	3155	43865	33381.27	33293.54	87.73
17	42020	3257	45277	34455.80	34365.24	90.55
18	43330	3358	46688	35529.57	35436.19	93.38
19	44640	3460	48100	36604.10	36507.90	96.20
20	45950	3561	49511	37677.87	37578.85	99.02
21	47260	3663	50923	38752.40	38650.56	101.85
22	48570	3764	52334	39826.17	39721.51	104.67
23	50030	3877	53907	41023.23	40915.41	107.81
24	51490	3990	55480	42220.28	42109.32	110.96
Officers Scale IV	0	0	0	0.00	0.00	0.00
OS-IV-01	50030	5003	55033	41880.11	41770.05	110.07
OS-IV-02	51490	5149	56639	43102.28	42989.00	113.28
OS-IV-03	52950	5295	58245	44324.45	44207.96	116.49
OS-IV-04	54410	5441	59851	45546.61	45426.91	119.70
OS-IV-05	55870	5587	61457	46768.78	46645.86	122.91
OS-IV-06	57520	5752	63272	48149.99	48023.45	126.54
OS-IV-07	59170	5917	65087	49531.21	49401.03	130.17
Officers Scale V	0	0	0	0.00	0.00	0.00
OS-V-01	59170	5917	65087	49531.21	49401.03	130.17
OS-V-02	60820	6082	66902	50912.42	50778.62	133.80
OS-V-03        62470	62470	6247	68717	52293.64	52156.20	137.43
OS-V-04	64270	6427	70697	53800.42	53659.02	141.39
OS-V-05	66070	6607	72677	55307.20	55161.84	145.35
Officers Scale VI	0	0	0	0.00	0.00	0.00
OS-VI-01	68680	7555	76235	58014.84	57862.37	152.47
OS-VI-02	70640	7770	78410	59670.01	59513.19	156.82
OS-VI-03	72600	7986	80586	61325.95	61164.77	161.17
OS-VI-04	74560	8202	82762	62981.88	62816.36	165.52
OS-VI-05	76520	8417	84937	64637.06	64467.18	169.87
Officers Scale VII	0	0	0	0.00	0.00	0.00
OS-VII-01	76520	8417	84937	64637.06	64467.18	169.87
OS-VII-02	78640	8650	87290	66427.69	66253.11	174.58
OS-VII-03	80760	8884	89644	68219.08	68039.80	179.29
OS-VII-04	82880	9117	91997	70009.72	69825.72	183.99
OS-VII-05	85000	9350	94350	71800.35	71611.65	188.70

Several government employees' unions have opposed the Centre's move to freeze their dearness allowance for 18 months,

Several government employees' unions have opposed the Centre's move to freeze their dearness allowance for 18 months, saying the decision will not only hurt them, but also the economy.

This, along with opposition from industrial and informal workers, will increase the friction with the government at a time when the country witnesses a rise in unemployment rate and a sizeable portion of working class faces income loss due to covid-19.

“The freeze of inflation-linked pay hike for government employees and pensioners will have a cascading impact on their lives. While the government wants some economic activities to open up, without consumption, economy cannot revive," said Prem Chand, general secretary of the Indian Public Service Federation (IPSF).

Chand said they have written to the prime minister’s office and the state chief ministers several times in the past one week to reconsider the freeze in dearness allowance and dearness relief.

The freezing of DA/DR till July 2021 will help the Centre save ₹37,500 crore and the states ₹82,500 crore. While the corpus will help the government fight the covid-19 pandemic and may offer it some room to announce a stimulus package, workers feel that the move will only increase friction between government and employees.

Besides, a high unemployment rate of above 20% and salary cut across sectors will only increase opposition against the government. The employees' unions said high unemployment rate and wage loss will push millions to poverty. The International Labour Organisation in a recent report has said the current crisis has the potential to push 400 million Indians deeper into poverty.

“Such a decision has never taken place in last four decades. The moment you take away the inflation linked hike of government workers, it takes away over a ₹1.2 trillion from the market, badly impacting the recovery of the economy as consumption will take a hit," said Harbhajan Singh, secretary general of Hind Mazdoor Sabha, which comprises several government employees and railways factory workers union.

Singh said the government may face a combined opposition from the working class in days to come. “While workers of most unions will carry out the symbolic protest from May Day from the work stations, once the lockdown is lifted, things will take a bigger dimension," he added.

The joint consultative machinery (JCM), an umbrella body of government employees, said all the unions should keep up the pressure to push the government to reconsider its decision. “…be ready to join us as soon as lockdown finishes to formulate the future course of action," said Shiv Gopal Mishra, secretary of JCM, in a letter to employee groups.

“I hope you will continue your effort for mobilizing against this move…and try to consolidate the strength of central government employees on one platform," Mishra said in the letter.

How to become a Successful Banker?

Are you a banker? If yes then this is a perfect article for your growth & motivation.

Every banker in the banking industry works hard. They even don’t get time for their family, friends & society as well. In the context of Nepal, the Nepalese banking industry is full of pressure. As we know there are 28 commercial banks and many other development banks & financial institutions in Nepal. This shows that; here is a tough competition to achieve the target in a limited size of customers.

The current life of Nepalese Banker is full of stress and tension. Bankers are in tension all around. Here, the increase of capital, branch expansion, and expansion of investment as well as technology, the business of the bank has increased as well as the risks are increasing. Here, the stress of maximizing profit as well as the stress of reducing the risk; Bankers are finding it difficult to strike a balance between business expansion and risk mitigation. The stress of massive targets of the bank leads their employees towards mental stress as well as a mental disorder.

Let’s start by getting one thing straight, being a far better banker is about awareness:

Are you conscious of impacts your Customer satisfaction & loyalty will give?

Are you conscious of the way to be more successful in your role?

Are you conscious of what makes your business grow & succeed?

If you would like to be a far better banker, being actively aware of these successes causes you to a far better banker already. Now, let’s specialize in the guts of that awareness, Knowing your customers which are known KYC.

Knowing your customer is critical to being a far better banker! Although all customers are important, we would like to specialize in people who contribute to the successes mentioned above.

Most banks have plenty of customer data. Unfortunately, they need a tough time analyzing the info and drawing useful conclusions from it. However, your analytics group should be ready to provide you with a report that shows which customers are generating most of your revenue. How does this report help you? Believe the old 80/20 rule. Presumably, 20 percent or less of your customers are generating 80 percent of your revenue. These are the purchasers you ought to spend some time going to know because they produce 80 percent of your sales.

So how does one get to understand them? Here are some easy strategies for going to know those customers, growing your relationship with them, and using those relationships to realize new customers.

·   * Meet with them: The primary step is to line up meetings with them. When posing for the meeting, explain that they’re valued customers and you would like to find out more about their financial goals so you'll help them meet them. Once you meet with them, make certain to try to to the following:

Pay attention and take notes so you don’t forget important facts during future conversations. Be sincere in your interest so your customers know you're genuinely curious about going to know them.

Find out what your customer’s financial objectives are. Ask what bank products and services they have already got – both at your bank and at competitor banks. Determine how they use them toward meeting their financial goals.

Find out who is that the primary financial administrator within the household, so you recognize who to contact for follow up meetings.

Learn what the customer’s channel preferences are. Some might like face-to-face meetings while others might wish to communicate with you via social media & email.

·  * Build long-term relationships: After your first meeting, get in touch a minimum of once every 30 days using your customers’ preferred communication channels. You’ll be surprised how quickly doing so builds customer loyalty which is the key to customer retention.

·   * Reward your good customers: Find how to reward your best customers. Hold a call for participation only reception or financial health workshop for them. Personally call or email them when your bank is offering promotional rates on products that may benefit them. Discuss other options together with your management.

·   * Ask for customer referrals: Once you’ve built a solid relationship with these customers, don’t be afraid to invite customer referrals. Assure them you’ll treat their friends and family also as you treat them. There’s an honest chance some will have already referred others to you before you even ask

    Ultimately, knowing your customers well will assist you to make sure of their satisfaction and loyalty and contribute to the expansion of your business. it'll also assist you to be more successful as a banker in determining the simplest products to recommend and cross-sell to them. Offering them the simplest financial products and services to satisfy their financial goals will strengthen your customer relationships and assist you to grow your business.