To calculate expected Industrial Dearness Allowance for PSU from October 2020 we need AICPI average for last three months i.e June 2020, July 2020, Aug 2020 from Labour Bureau,an attached office of the Ministry of Labour & Employment 1. Date from which IDA applicable: October 2020 Expected Central PSU IDA increase from October 2020 – 2.5%3. Average AICPI(2001=100) for the quarter June 2020 to Aug 2020
1. June 2020 - 332 2. July 2020 - 336 3. Aug 2020 - 338 Industrial Dearness Allowance %= ((Average of AICP for the past 3 months - 277.33)/277.33)*100 |
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