IDA from 1st October 2015 hike to 107.9% for PSU Employees

IDA from 1st October 2015 hike to 107.9% for PSU /CPSU Employees. Department of Public Enterprises (DPE) issued order revising IDA rates w.e.f. 01.10.2015 (Revised IDA rate w.e.f.01.10.2015=107.9%) for Board Level Posts and Below Board Level Posts Including Non-Unionised Supervisors. 

The IDA w.e.f. 01-October-2015 depends upon the Average All India Consumer Price Index Numbers (Industrial Worker) of the months June-2015, July-2015 & August-2015. The  AICPINs of the months June-2015, July-2015 & August-2015 are likely to be declared at the end of July-2015, August-2015 & September-2015 respectively.

The  AICPIN of the months-
    June-2015 : 261 (+3)
    July-2015  : 263 (+2)
    August-2015  : 264 (+1)The Average AICPIN: 262.67
The IDA is hiked by 5.3% w.e.f. 01/10/2015.