Wednesday, May 29, 2013

Likely IDA increase for PSU employees from July 2013

Update on 28.08.13 : With the release of Index No. of May'13, the calculation is modified to 4%
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Update on 1.6.213 : With the release of consumer price index no. for April'13, the prediction of IDA increase is modified to 3.5%.
Though it is too early to predict the IDA increase from July, 2013, still it is gathered that there is a possibility of 2.4% increase from 1st July 2013, taking the total IDA to 77.3%.
It may kindly be considered as an assumption and any further calculation, if arrived will be informed in due course.

2 comments :

Anonymous said...

no sir,it would be minimum of 3.4%.
it can be calculated wih ((224+226+226)/3-126.33)*100/126.33-74.9

Anonymous said...

nice work

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