Wednesday, December 4, 2013

Expected IDA Increase From January 2014 for PSU Employees

The Expected IDA w.e.f. 01-January-2014 may be increased by 4.5% to 5.8% i.e upto from 90.0% to 91.3% depends upon the Average All India Consumer Price Index Number (Industrial Worker) of the months September-2013, October-2013 & November-2013.
The  AICPI of the months Sep'13, Oct'13 &Nov'13 will be declared on 31-October-2013 & 29-November-13 &31-December-2013 respectively. The  AICPI of the months Sep'13 & Oct'13 are 238 & 241 as it is declared on 31-October-2013 & 29-November-2013 respectively. Even if there is no increase in AICPI , there will be IDA Increase by 4.5%. The actual IDA will be declared on 31-December-2013.


AICPI of Sep'13: 238
AICPI of Oct'13: 241

Top 10 Projections:


S.N.
Expected CPI
of Nov'13
Avg. CPI
Projected
Projected
IDA (%)
Projected
IDA Increase (%)
1
240
239.67
89.7
4.2
2
241
240.00
90.0
4.5
3
242
240.33
90.2
4.7
4
243
240.67
90.5
5.0
5
244
241.00
90.8
5.3
6
245
241.33
91.0
5.5
7
246
241.67
91.3
5.8
8
247
242.00
91.6
6.1
9
248
242.33
91.8
6.3
10
249
242.67
92.1
6.6

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