BSNL IDA Rates of October 2016 ready to record New Hike-inf by Ashok Hindocha M-94262 54999
October 2016 BSNL IDA Rates of Employees effective from 01.10.2016 may records More / New Hike. This new hike is going to be the special gift for BSNL employees on BSNL’s birthday (formation day).
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 weighted average of prices for consumer goods and services.
- Calculates with an average for specified months of June, July, and August 2016.
- 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 a continue increase in the numbers. For June 2016 it increases by 2 points and for July is again 3 points. Totally CPI stands at 280 as on July 2016. For this new hike, August 2016 CPI index numbers will be added after the release.
Based on this average of Consumer Price Index Numbers for Industrial Workers CPI(IW). BSNL IDA rates of Employees may record a hike above 6%, even if there is no change in August Index. If the August index increases another 3 points, BSNL IDA will hikes upto only 6.5% from present IDA rates.
If CPI index numbers decreased by 3 points from present. BSNL IDA rates of employees may also records a hike of above 5%. This new hike will be paid from 01.10.2016 onwards after releasing of August CPI. So have a look at the expecting BSNL IDA rates at various index numbers.
After getting August 2016 index Numbers on 30.09.2016, Department of Public Enterprises will issue the orders for the hike in IDA rates from 01.10.2016, then after BSNL will issue the orders for New IDA rates to be paid, which is going to record a New Hike in BSNL IDA rates of employees as a special gift for 16th BSNL birthday.