BSNL IDA rates revised to 0% for their Employees on 1st Pay revision(01-01-2007), where the rates of Industrial Dearness Allowance for Public Sector Undertaking(PSU) staff are revised for every 3 months(quarter) in January, April, July, October of that year based on Consumer Price Index (CPI) of that previous months with a view to compensate the employees.
What is Dearness Allowance and why it is paid and on what basis it is paid, factors influencing dearness allowance. In general dearness allowance is being paid as percentage of basic, this is to adjust payments against inflation. Yeah this is where Consumer Price Index (CPI) comes in to picture.
Ok, For general information, What is Inflation, In simple words, Inflation means increase in the price of the goods you purchase. This can be in majority for three reasons. If the government prints more money without any control, there will huge flow of currency among the people which will result huge demand for limited supply of goods, resulting raise of prices for the same goods.
For the reason of inflation, to check and bear the risk of unrest among the industrial workers, in the payment itself, there is a component which will look for inflation and will be revived for every 3 months, that is Industrial Dearness Allowance. Furthermore, increase the inflation, increase in the lending rates and decreasing the Fixed deposit interest rates and compete instability in the economics of the country.
Industrial Dearness Allowance(IDA) rates are based on All India Consumer Price Index (IW) average for the above said specified months given, and the BSNL IDA rates of Employees as per the list is increased / decreased for the same in that period with new rates.
BSNL IDA Rates List for Employees from 1st Pay revision(01.01.2007)
|Effective from||IDA Rate %||% Raised from Previous||Effective from||IDA Rate %||% Raised from Previous|
|January 2015||100.3||2.2||1st April 15||100.5||0.2|
|July 2015||102.6||2.1||October 15||107.9||5.3|
At first, Department of Public Enterprises will issued the orders for revised/new IDA rates applicable for Public Sectors, correspondingly BSNL has also issued the orders for the same revised Industrial Dearness Allowance rates to pay for BSNL Employees.
So, have a look about the Old BSNL IDA Pay Scale Rates given for employees from the date of BSNL PSU formation day on 1st October 2000, to the day of Ist pay revision effective from 1st January 2007, which is a big happiest moment for BSNL Employees. For the above mentioned expected IDA Pay Scale DA rates, orders will be issued after the confirmation of price index number news on 31.12.2016 only, i.e. for January 2017 BSNL IDA.