New BSNL IDA Rates of employees valid from new year 2019 starts from January in 2018 2019 financial year may records an “increase” again after taken an outstanding increment of IDA for third quarter in 2018 2019.
It is the new year 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, 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). But in October 2018, CPI records an an increase of point by standing at 302, and CPI index of November 18 is yet to be confirmed.
IDA from January 2019
Based on this average of two months Consumer Price Index Numbers for Industrial Workers CPI(IW), BSNL IDA rates of employees and pensioners records an increase up to 3.1 % in IDA from January 2019, if the CPI records a stable numbers for November 2018 at 302.
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%. 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 expecting IDA rates of January 2019 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.
- IDA rates for PSU from January 2019(Expecting rates)
Department of Public Enterprises will issue the orders for the increase in dearness allowance from 01.01.2019 after confirming the CPI Index numbers of November 2018 on 31.12.2018. Accordingly PSU will release the new instructions for new increase of BSNL IDA rates with effect from 01.01.2019. So, with this new CPI Index numbers, BSNL employees and pensioners are ready to get the new IDA rates from this new year 2019.
M.D.Arya says
As the price of petrol and diesel rising almost a day after, considering the repercussive effects of it Ida may be 7.7% approximately.
AJAY RANA says
what about AICPI from October 2018
please suggest or Answer
ANIL SHINDE says
I think it is the 1st time such a huge rise of IDA. I have seen last max 6%.
Habibul says
Is it for all CPSE or only for BSNL?
samra says
Yes. This increase applicable for all employees of all CPSE’S
B.M.Sood says
Seen such increase of Ida @7.6% after my retirement in October 2003. Now this increase of Ida from October 2018 shall give some relief.
GDUpadhaya says
Though the IDA rates are revised w.e.f. 1st Oct 2018, but as usual all retired employed who are taking their pension through Post Offices will be paid not before January 2019, as post offices get the order through Nagpur and Nagpur takes about 3 t o4 months time to issue orders to all post offices. This I am observing since 2001, as I am taking my pension from post office at Pune. Will some body look in this type of harassment.
U K Sarma says
Excellent analysis with facts & figures
J p Sharm says
My 6th basic pay 19530. My 7th pay commission my pension ?