BSNL IDA Rates – April IDA for Employee Pay Scales
New Financial Year starts with April 2017, and BSNL IDA Rates of Employees valid from 01.04.2017 is going to record a decline. This BSNL IDA rate is valid from New 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. IDA calculates with a mean for specified months of December 2016 and January, February 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 decrease in the figures for two months. For December 2016 and January 2017 it drops by three points. With this new release, the total AICPI(All India Consumer Price Index) stands at 274 as on 28.02.2017 (January Index Numbers). It declines from 277.
Based on this average of Consumer Price Index Numbers for Industrial Workers CPI(IW). BSNL IDA rates of employees may record a decrease up to 2%, even if it stands at 275 for February index numbers. If the drop happened in CPI index numbers for February also, then IDA may surely go on the decrease hugely. But if CPI Index increased by nine points from now, then BSNL IDA rates will be balanced. Up to now in history, CPI index numbers has not increased by nine points in one month. So there may admittedly a decrease for this quarter in BSNL IDA rates of above 2%. Have a look at the future IDA rates.
After the release of AICPI numbers on 31.03.2017 for February 2017, Department of Public Enterprises will issue the orders for the decline in BSNL IDA rates from 01.04.2017. Then PSU will issue the orders for New IDA rates. This time, it is going to record a huge decrease in BSNL IDA rates from New Financial Year 2017 2018.