October 2016 BSNL IDA Rates of Employees effective from 01.10.2016 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 the weighted average of prices for consumer goods and services.
- Calculates with a mean 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 continued increase in the figures for two months. For June 2016 it increases by 2 points, July 3 points and August it is decreased by 2 points. Totally AICPI stands at 278 as on August 2016.
Based on this average of Consumer Price Index Numbers for Industrial Workers CPI(IW). BSNL IDA rates of Employees may record a new hike of 5.5% and stands at 120.3%. If the decrease hasn't happened in CPI index numbers for August, then IDA may increase up to 6%. But there is no chance for this for this quarter period. Have a look at the BSNL IDA rates since BSNL formation day.
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.