New BSNL IDA Rates of employees valid from new year 2019 starts from January 2019 in 2018 2019 financial year records an “increase” again after taken an outstanding increment of IDA for third quarter in 2018 2019.
It is the new year 2019 bonus increase for this fiscal year for all executive and non executive BSNL employees from 01.01.2019 in the PSU. As we said earlier about BSNL IDA calculation, but remains again this. The Industrial Dearness Allowance (IDA) Rates calculates on All India Consumer Price Index (IW) with the below said points.
(1) It is based on the weighted average of prices for consumer goods and services. (2) For January to March (Last Quarter of Financial year) of 2019 IDA calculation, the mean of specified months (September, October and November 2018) taken into consideration. (3) It decides as per the price index numbers issued by the Department of Labour Bureau of India. It is also after taking price changes for each item in the predetermined basket of goods of above months.
Now, as per All India Consumer Price Index Numbers for Industrial Workers – CPI(IW) issued by Department of Labour Bureau, CPI records ‘no increase’ in the first month(September 2018) and for October 2018, CPI records an an increase of one point by standing at 302, but for November 2018, the CPI index stands as neutral and stood at 302.
IDA from January 2019
Based on this average of three months Consumer Price Index Numbers for Industrial Workers CPI(IW), BSNL IDA rates of employees and pensioners records an increase by 3.2% in IDA from January 2019.
Even if the drop happens by 4 points for November CPI numbers, the BSNL IDA rates will record an increase in IDA up to 2.1% and if the CPI index for November 2018 increases by another 3 point will mark a new increase up to 3.9% in IDA. If you want to know the confirmed IDA rates for each quarter from 1st PRC at each CPI number and complete list of up to the date employees BSNL IDA rates, have a look at this IDA calculation.
- IDA rates of PSU upto January 2019 from formation day(Confirmed rates)
Department of Public Enterprises will issue the orders for the increase in dearness allowance from 01.01.2019. Accordingly PSU release new instructions to all BSNL circles for new increase of BSNL IDA rates with effect from 01.01.2019. So, with this new CPI Index numbers, BSNL employees and pensioners will gets new IDA rates as a special gift for this new year 2019.