New BSNL IDA Rates of employees valid from new financial year 2019 2020 starts from April 2019 records an “increase” again from 01.04.2019 after taken an outstanding increments of PSU IDA in financial year 2018 2019.
It may be the new financial year bonus increase for all executive and non executive BSNL employees from 01.04.2019 in the PSU, As we said earlier about BSNL IDA calculation, but remains again this, where 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 April to June (First Quarter of Financial year) of 2019, IDA calculation in the mean of specified months (December 2018, and January, February 2019) taken into consideration.
(3) It decides as per the price index numbers issued by the Department of Labour Bureau of India, and 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 ‘a decrease’ in the first month(December 2018), but for January 2019, CPI records an increase of 6 points by standing at 307, and continued the same for February 2019 index numbers from IDA w.e.f 01.04.2019, let’s have a look at the expected/ confirmed IDA rates for PSU employees and pensioners.
IDA from April 2019
Based on this average of three months confirmed Consumer Price Index Numbers up to February 2019 for Industrial Workers CPI(IW), BSNL IDA rates of employees and pensioners may records an increase at 2.6% in IDA from April 2019.
If there is an increase in CPI numbers for February 2019 by another 3 points, the expected IDA is 3.2% from 01.04.2019, even if the drop happens by 2 points for February CPI numbers, the BSNL IDA rates will record an increase in IDA up to 2.1%, and if you want to know the confirmed IDA rates at each CPI number and complete list of up to the date employees BSNL IDA rates, have a look at this IDA calculation.
Department of Public Enterprises will issue the orders for the increase in dearness allowance from 01.04.2019, Accordingly PSU release new instructions to all BSNL circles for new increase of BSNL IDA rates with effect from 01.04.2019. So, with this new CPI Index numbers, BSNL employees and pensioners will gets new IDA rates as a special gift for this new financial year 2019 2020.