This time the BSNL IDA Rates of Employees valid from 01.07.2017 is going to record an increase. This is the first increase in this financial year 2017 2018 for all executive and non-executive BSNL employees.
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.
- Calculates with a mean for specified months of March, April, and May 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 March 2017, it increases by one point, and again two points for April 2017. Totally AICPI(All India Consumer Price Index) stands at 277 as on 31.05.2017.
Expected IDA From July 2017
Based on this average of Consumer Price Index Numbers for Industrial Workers CPI(IW). BSNL IDA rates of employees are going to record an increase of 2%.
Even if the drop happens at 2 points for May CPI numbers, the IDA rates will increase up to 1.1%. If it increases by 4 points for May, then IDA may record an increase of 2.6%. Have a look at the expecting IDA rates.
After issuing the orders from Department of Public Enterprises for the increase in dearness allowance from 01.07.2017. PSU will issue the orders for New BSNL IDA rates. This time, it is going to record first-time increase in BSNL IDA rates in New Financial Year 2017 2018.