Sunday, June 1, 2014

Likely PSU IDA (Including BSNL) from July 2014

BSNL Employees Industrial Dearness Allowance (IDA) Rates from July 2014 to be increased first time in 2014-2015
As per All India Consumer Price Index Numbers for Industrial Workers - CPI(IW) issued by Department of Labour Bureau, CPI has been increased to 239 for the month of March 2014 and also recorded an increase of 3 points in CPI Index for April 2014 and stood at 242, with a total increase of 4 points which is to be taken for July 2014(01-07-2014) Industrial Dearness Allowance (IDA) rates.
Based on this average of Consumer Price Index Numbers for Industrial Workers-CPI(IW), Industrial Dearness Allowance (IDA) rates of PSU Employees to be increased by 2.4% which raises to 90.8% from 1st July 2014 from existing PSU IDA rate.

If there is an increase in points of CPI index for the month of May 2014, then the IDA rates from July 2014 will be increased more, otherwise the IDA rates of PSU employees (Including BSNL employees)from July 2014 will be increased by around 2.4% from present Industrial DA (IDA) rates.

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