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Saturday, September 5, 2015

BSNL IDA Rates of October 2015 going to Record a New Increase

BSNL Employees 01.10.15 (October 2015) IDA Rates is going to be increased more again, a happy news for employees, where the Industrial Dearness Allowance (IDA) Rates calculates with All India Consumer Price Index (IW) which is based on weighted average of prices for consumer goods and services calculates with an average for specified months of June, July and August 2015 issued by the Department of Labour Bureau of India by 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 has been increased by 3 points for June and 2 points for July 2015, and stands at 263, records an increase of 5 points as on July 2015.
If the price index numbers remained as static at 263, the index nos raised by 5 points from previous numbers, which is to be taken for October 2015(01.10.2015) Industrial Dearness Allowance (IDA) rates.

Based on this average of Consumer Price Index Numbers for Industrial Workers-CPI(IW), BSNL IDA rates of Employees may be increased by 5%, even if there is no change in August 2015 CPI Index Numbers. If the index numbers increase by another two points, then BSNL IDA will increase upto 5.5% from present IDA rates.

If CPI numbers decreased by 2 points from present, BSNL IDA rates of employees may surely gets increased upto 4.5% from present rates of 102.6%, where you can see the expecting IDA rates of BSNL employees as below.