The IDA has been increased from 117.1% to 119%, an increase of 1.9% w.e.f. 1st July 2017. Orders are expected shortly.
Though the Price Index has come down in the last month, there will be no reduction in the IDA w.e.f. 01-04-2016. COL for the last three months are 269, 269 and 267 and hence there is no reduction in the average. As such no change in the IDA – neither increase nor decrease.It will remain as 112.4%.
It is understood that the IDA for PSU employees including BSNL employees will be reduced from 90.5 % from January 2014 to 88.4% from April 2014, a reduction of 2.1%. This is attributed to the decrease in the Consumer price Index (CPI) for the industrial workers.
We are at a loss to understand how the CPI has come down when the prices of all essential commodities have been going up continuously for the last so many months, without any reduction. There is clear indication that the UPA government in its last phase, before the general election has taken its revenge on the working class by manipulating the CPI. An enquiry is to be conducted on how the CPI has come down. The new government should go in to the matter to do justice to the workers