New BSNL IDA Rates of employees valid from the start of the new financial year ready to record a further increase. It is to be the new increase in this fiscal year 2018 2019 for all executive and non-executive BSNL employees.
The first increase in this new financial year is expected to be a small one from 01.04.2018. 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. For April 2018 IDA calculation, the mean of specified months (December 2017, and January, February 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 figures for the first month.
In December 2017, CPI decreased by 2 points and records 286, but for January 2018, it gains by 2 points again and stands at 288. With this increase in AICPI (All India Consumer Price Index) for January 2018 and for coming month February, BSNL IDA rates mark may record a new rise.
IDA From April 2018
Based on this average of Consumer Price Index Numbers for Industrial Workers CPI(IW). BSNL IDA rates of employees and pensioners ready to record an increase up to 1.3% from April 2018 IDA. But the IDA calculation confirms after the announcement of CPI Index for February 2018.
If the drop happens at 2 points for February CPI numbers, the BSNL IDA rates will record as NO INCREMENT, but if the CPI index for February 2018 increases by 3point will mark a new increase up to 1.3% in IDA. If you want to know the complete list of BSNL IDA rates and up to the date for employees and expecting April 2018 IDA, have a look at this IDA calculation.
Department of Public Enterprises will issue the orders for the increase in dearness allowance from 01.04.2018 after announcing the CPI Index on 28.03.2018, then PSU will release the new instructions for New BSNL IDA rates.