IDA TO INCREASE BY 1.4% FROM 01-04-2024.

Labour Bureau has at last released the Consumer Price Index for three months, ie February, March and April, 2024 on 07-06-2024. Actually, as per the usual practice , the February Price Index was to be released on 28-03-2024 based on which the IDA from April,2024 is to be determined. Though, Labour Bureau has not mentioned any reason for the unprecedented delay in releasing the CPI monthly, it is presumed that it may be due to the Model Code of Conduct of the Election Commission.

As per Consumer Price Index numbers of February,2024, released by Labour Bureau on 07-06-2024, IDA Rate on 2007-Pay-Scale & Pension is likely to INCREASE by 1.4% w.e.f. 1st April 2024 i.e. 215.4% (existing) + 1.4% (increase) = 216.8% (from April, 2024.

Payable only after DPE issues necessary orders.