New BSNL IDA Rates of employees valid from the second quarter of the new financial year records a further increase. It is the second small increase in this fiscal year 2018 2019 for all executive and non-executive BSNL employees from 01.07.2018. 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 July 2018 IDA calculation, the mean of specified months (March, April and May 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(March 2018). In April and May 2018 CPI increased by each 1 point and records 289. So, BSNL IDA rates mark records a new rise, but a small.
IDA From July 2018
Based on this average of Consumer Price Index Numbers for Industrial Workers CPI(IW). BSNL IDA rates of employees and pensioners record an increase up to 0.8 % in IDA from July 2018.
Even if the drop happens by 3 points for May CPI numbers, the BSNL IDA rates will record as NO decrease in IDA, but if the CPI index for May 2018 increases by 3point instead of 1, will mark a new increase up to 1.5% in IDA instead of 0.8%. If you want to know the complete list of up to the date employees BSNL IDA rates and confirmed July 2018 IDA, have a look at this IDA calculation.
Department of Public Enterprises will issue the orders for the increase in dearness allowance from 01.07.2018. Then PSU will release the new instructions for New BSNL IDA rates of July 2018.