This time the BSNL IDA Rates of Employees valid from 01.10.2017 records an astonishing increase. It is the second increase in this financial year 2017 2018 for all executive and non-executive BSNL employees.
The first increase in this year is only a little one at 1.9% from July 2017. But this new BSNL IDA increase from October 2017 will make all employees do have some benefits to a large extent.
As we said earlier, but remains again this. The Industrial Dearness Allowance (IDA) Rates calculates with All India Consumer Price Index (IW) with the below said points.
- Based on the weighted average of prices for consumer goods and services.
- It calculates with a mean for specified months of June, July and August 2017.
- It is, as per the price index numbers issued by the Department of Labour Bureau of India. After taking price changes for each item in the predetermined basket of goods.
Now, as per All India Consumer Price Index Numbers for Industrial Workers – CPI(IW) issued by Department of Labour Bureau. CPI records continuous increase in the figures for two months.
For June 2017, it increases by two points, and again by 5 points for July and stands stable for August 2017. Finally, it gains by 7 points. With this increase, the total AICPI (All India Consumer Price Index) stands at 285.
IDA From October 2017
Based on this average of Consumer Price Index Numbers for Industrial Workers CPI(IW). BSNL IDA rates of employees and pensioners record an increase of 5.3% from October 2017.
Even if the drop happens at 2 points for August CPI numbers, the IDA rates will increase up to 4.7% from previous. But if the CPI index for August 2017 increases by 4-5 points, then IDA may record a superb increase of above 6%.
With this new increment, the total IDA rates to be paid for BSNL employees is 124.3%. If you want to know the total IDA rates up to October 2017 for BSNL employees. Have a look at this.
Department of Public Enterprises will issue the orders for the increase in dearness allowance from 01.10.2017. After that PSU will issue the orders for New BSNL IDA rates.
This time, it is going to record second-time increase in BSNL IDA rates in this Financial Year 2017 2018, that too in huge as 5.3%.