Sunday, December 16, 2012

DA / IDA for Govt, PSU from January 2013

Expected DA / IDA for Central/ State Govt / PSU from January 2013: Dearness Allowance(IDA) which is decided based on All India Consumer Price Index (IW) average for the specified duration. DA Rate for Central Government Employees get hike in each 6 Month while Public Sector Undertakings (USU) hikes IDA Rate each quarter. 
DA/IDA is now days calculated based on All India Consumer Price Index (IW) average for the specified months, All India  Consumer Price Index ( Industrial Workers(IW)) for the month of October 2012 has increased and  stood at 217 i.e. an increase of 2 points. Based on the average of Consumer Price Index [Industrial Workers(IW)] Industrial Dearness Allowance(IDA) of PSU Employees is to be increased by 3.9% or more from 1st January 2013 while DA Rate is expected to increase by 6-7%.  Official DA/IDA Rate will be soon declared by Govt this month.