This time the BSNL IDA Rates of employees valid from new calendar year 01.01.2018 records a further increase. It is the third 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 and the second is an astonishing one. But this new third BSNL IDA increase from January 2018 will make all employees do have some benefits to some extent in the new year 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. Based on the weighted average of prices for consumer goods and services.
2. IDA calculates with a mean for specified months of September, October, and November 2017 for IDA from January 2018.
3. Decides 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 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 figures for the first month.
For September 17, CPI stands stable at 285 only, but for October and November, it gains by 3 points and records a growth in Index numbers. With this increase in AICPI (All India Consumer Price Index) for November 2017, BSNL IDA rates mark with a new rise.
IDA From January 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 2.6% from January 2018 IDA. It is by confirming CPI at 288 for November 2017.
Even if the drop happens at 3 points for November CPI numbers, the BSNL IDA rates will increase up to 1.5%, but if the CPI index for November 2017 increases by 1point records a new increase of 2.6% in IDA.
With this, the total BSNL IDA from January 2018 to be paid for employees is 126.9%. If you want to know the complete list of BSNL IDA rates up to January 2018 for employees, have a look at this
Department of Public Enterprises will issue the orders for the increase in dearness allowance from 01.01.2018 and PSU will release the new instructions for New BSNL IDA rates.
This time, it is the third-time increase in BSNL IDA rates in this Financial Year 2017 2018. New 2.6% increase in IDA rates is a gift for all BSNL employee pay scales for New Year 2018.