IDA INCREASE FROM JANUARY 2021
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