Calculation of expected IDA from July, 2013 for Officers and Employess of BSNL, CPSE is based on All India Consumer Price Index Number [http://labourbureau.nic.in/indtab.html] for Industrial Workers (CPI-IW) on base 2001=100 for the months of Mar-2013, Apr-2013 and May-2013. After announcement of CIP-IW for the month of Apr-2013 expectation of IDA from Jul-2013 will be as under:-
Month | CPI(IW) | Average of CPI | IDA | Increase in IDA | |
Announced CPI(IW) | Feb-13 | 223 | 221.00 | 74.9 | click here to view |
Announced CPI(IW) | Mar-13 | 224 | |||
Announced CPI(IW) | Apr-13 | 226 | |||
1st Expectation |
May-13 | 226 | 225.33 | 78.4 | 3.5 |
2nd Expectation | May-13 | 227 | 225.67 | 78.6 | 3.7 |
3rd Expectation | May-13 | 228 | 226.00 | 78.9 | 4.0 |
4th Expectation | May-13 | 229 | 226.33 | 79.2 | 4.3 |
5th Expectation | May-13 | 230 | 226.67 | 79.4 | 4.5 |
As per above table it is cleared that expectation of IDA from Jul-2013, will be based on May-13 AICIPN and as per trend AICIPN for May, 2013 will increase 1 or 2 point i.e. 227 or 228. Thus we may expect IDA from July 2013 will be 78.6 or 78.9 with increase of 3.7 or 4.0 respectively.
Note: Above expectations are based on standard calculation of IDA.
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