PSU Employees Industrial Dearness Allowance (IDA) Rates from April 2014 decreased in 2014-2015…
Industrial Dearness Allowance(IDA) rates of April 2014 are based on All India Consumer Price Index(IW) issued by the Department of Labour Bureau on average for the specified months of December-2013 and January, February 2014.
Now according to the Index numbers issued by Department of Labour Bureau for the month of December-2013, CPI for Industrial Workers(IW) decreased to 239 from 243 and for January 2014 it stood at 237, a decrease of 6 points in CPI, but recorded an increase of 1 point in February 2014 which will be taken for April 2014 Industrial Dearness Allowance(IDA) rates.
By the decrease by 5 points in CPI index, the IDA rates from April 2014 will be decreased by around 2.1% from present Industrial Dearness Allowance(IDA) rates @ 90.5% from 01.04.2014, and the new IDA rates from April 2014 is 88.4%.
The decrease of IDA rates of PSU employees from present rates is the first time decrease after pay revision from 01-01-2007.
The major grievance by PSU employees like MTNL, BSNL and other Mahratnas is that CDA is being raised at 10% everytime and IDA is going to be reduced, its unfair when market price of commodities is not decreasing.
But the answer to this point lies in by this explanation :
this decrease of IDA in PSU depend on the last Dec,jan,feb and applicable from april-14 (quarterly counted) but CDA depend upon June to nov which applicable from jan-14(half yearly counted)
decrease of inflation (on paper) will affect the next CDA which depend on dec-to-may and will applicable from July-14
when we compare the IDA & CDA the formula i as below.
1st qtr da of psu+ 2nd qtr da of psu =1st half year da of CG
3rd qtr da of psu+ 4th qtr da of psu = 2nd half year da of CG
Industrial Dearness Allowance(IDA) rates of April 2014 are based on All India Consumer Price Index(IW) issued by the Department of Labour Bureau on average for the specified months of December-2013 and January, February 2014.
Now according to the Index numbers issued by Department of Labour Bureau for the month of December-2013, CPI for Industrial Workers(IW) decreased to 239 from 243 and for January 2014 it stood at 237, a decrease of 6 points in CPI, but recorded an increase of 1 point in February 2014 which will be taken for April 2014 Industrial Dearness Allowance(IDA) rates.
By the decrease by 5 points in CPI index, the IDA rates from April 2014 will be decreased by around 2.1% from present Industrial Dearness Allowance(IDA) rates @ 90.5% from 01.04.2014, and the new IDA rates from April 2014 is 88.4%.
The decrease of IDA rates of PSU employees from present rates is the first time decrease after pay revision from 01-01-2007.
The major grievance by PSU employees like MTNL, BSNL and other Mahratnas is that CDA is being raised at 10% everytime and IDA is going to be reduced, its unfair when market price of commodities is not decreasing.
But the answer to this point lies in by this explanation :
this decrease of IDA in PSU depend on the last Dec,jan,feb and applicable from april-14 (quarterly counted) but CDA depend upon June to nov which applicable from jan-14(half yearly counted)
decrease of inflation (on paper) will affect the next CDA which depend on dec-to-may and will applicable from July-14
when we compare the IDA & CDA the formula i as below.
1st qtr da of psu+ 2nd qtr da of psu =1st half year da of CG
3rd qtr da of psu+ 4th qtr da of psu = 2nd half year da of CG
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