The IDA pay scales of 1987, 1992, and 1997 pay revision and IDA rates were pivotal topics for employees across various sectors. The Industrial Dearness Allowance (IDA) rates for 1987, 1992, and 1997 pay revision, influenced by economic conditions, played a crucial role in determining the compensation framework. It is very hard for an employee … Read more
Expected IDA from October 2024 for employees in PSU or different companies formed as CPSE is presented as per the new expecting and confirmed price index numbers. Here we present new calculators for expected DA for different IDA pay scales revised as per 5th CPC of 1997, 6th CPC of 2007 and 7th CPC of … Read more
Industrial Dearness Allowance (IDA) is an important allowance provided to public sector undertakings (PSUs) employees in India. Its primary purpose is to offset the impact of inflation on employee salaries, ensuring that their real income remains stable despite changes in the price level of consumer goods and services. Here’s a comprehensive overview of IDA Purpose … Read more
AICPIN stands for the All India Consumer Price Index Number applicable for Industrial workers and AICPIN for August 2024 released on 01.10.2024. It is an index that measures the changes in the price level of a basket of consumer goods and services purchased by households. The AICPIN is used to monitor inflation in India and … Read more