Thursday, March 7, 2013

Likely IDA increase from April 2013 for PSU employees

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Update on 28.03.13 : Click for final calculation.
Expected hike between 2.9 to 3.4% from April 2013
Industrial Dearness Allowance(IDA) rates are based on All India Consumer Price Index (IW) average for the specified months, All India Consumer Price Index ( Industrial Workers(IW)) for the month of December 2012 and January 2013 has increased to 219 & 221 an increase of 1-3 points. Points for February 2013 will be released on 28.03.2013 which is to be included for the IDA of April 2013. 

Based on the average of Consumer Price Index [Industrial Workers(IW)], Industrial Dearness Allowance (IDA) of BSNL Employees is to be increased in the range of 2.9 to 3.4% from 1st April 2013. At present the Industrial Dearness Allowance(IDA) rate is 71.5% from 01.01.2013.

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