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 2017 by providing the choice for you to enter the expecting AICPIN for the required / due month.
Public Sector Undertaking (PSU) applicable Industrial Dearness Allowance (IDA) rates are adjusted periodically with more pay in IDA based on the increase or decrease of averaging of Consumer Price Index (CPI) numbers which aimed for protecting employees purchasing power and to offset the impact of inflation.
Expected IDA from October 2024
The upcoming IDA revision with expected IDA from October 2024 underscores the organization’s commitment to fair and equitable compensation for employees as per AICPIN.
This anticipated dearness allowance increase aims to counterbalance the inflationary trends and ensure that compensation remains equitable and reflective of the current economic landscape, and Let’s check the expecting IDA rates of different PRC employees as below
| Applicable for | Expecting Average AICPIN | Expecting IDA for October 2024 | Total IDA Expected from OCT 2024 |
|---|---|---|---|
| 2017 Pay Scales | 142.23 | 2.9% | 47.7 |
| 2007 Pay Scales | 409.632 | 6.4% | 224.25 |
Expected IDA for 2017 Pay Scale Employees
CPSE employees from BHEL, HAL, BPCL, IOCL, NHPC, CIL, SAIL and other who got upto date PRC with 2017 pay scales or 3rd PRC can anticipate an increase in their Industrial Dearness Allowance (IDA) at an expected number upto 3% with effect from 01.10.2024 as the rise occurs in the average of All India Consumer Price Index Number.
Expected IDA for 2007 Pay Scales
CPSE Employees like BSNL, MTNL and other under the 2007 pay scales, who didn’t got the pay revision since 2007 are also eagerly awaiting for the next adjustment in PSU Industrial Dearness Allowance (DA), with much expected IDA upto 6.5% which may look forward to a positive update effective from October 2024.
Expected IDA for 1997 Pay Scales
PSU Employees of 1997 pay scales are expecting the much positive adjustment with 12.7% expected IDA increase to be reflected in their October 2024 pay, and this increase provides much-needed financial support even working with non-revision of pay and allowances (without getting PRC) from 1997.
During Congress regime CPI points would be on rising nature, so the IDA/DA also.
But in NDA regiome, they allow the rise in the restricted manner using different parameters. Getting 5% or more would be horse’ horn (குதிரைகொம்பு). Let us wait and see.
In place of controlling price rise, calculation method of IDA calculations is not justified and not expected at least from the Government end who have the responsibilities for welfare of all without prejudice. Moreover, while dealing with DA calculation, central government personnel took different view on higher side as there own salary is linked but they adopt different methodology while dealing PSUs. It is reasonable to make the process of DA calculation same irrespective of department or states
There is abnormal difference in central DA compared with Industrial DA. If u prepare chart for last 10 years. For Government employees there is steep hike in DA- may be figures are in manipulation.