IDA INCREASED 5.0% FROM 1-10-2022

Thursday, 31 December 2020


All India Consumer Price Index for Industrial Workers' ( AICPI IW) for the month of December2020 increased by 0.4 points and pegged at 119.9. If we convert that into 2001=100 series it will come to 345(Conversion Factor=2.88).Therefore IDA due from 1-1-2021 will be 171.5%. This will however be freezed as per DPE  orders dated 19-11-2020.This will be restored prospectively and will be subsumed in the cumulative revised be rate effective from 1-7-2021. No arrears from 1-10-2020 till 30- 6-2021 shall be paid

5.5% loss per month from October to December 2020. Now 5.5+6.1=11.6% loss per month from January to March 2021.

Correction: 119.9 is for November 2020, not December 2020. PSR

---- PSR

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