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31/12/2011: IDA with effect from 01/01/2012

Base Index w.e.f.            01.01.2007 is 126.33

CPI(IW) for  September 2011 is 197   for  Oct  2011 is 198, and for November 2011 is 199  
( November 2011 CPI (IW)  is released on 30/12/2011)

Hence , Average CPI(IW) for Sep 2011 to Nov 2011 is = (197+198+199)/3=198          

Expansion for (CPI (IW) is   Consumer Price Index for Industrial workers)

Hence New IDA Rate = ((198-126.33)*100)/126.33 = 56.73  i.e. approximately  56.7 %  hence this is very much correct rate of expected IDA w.e.f. 01.01.2012.

Present IDA rate is 52 % with effect from 1st Oct  2011

Average CPI(IW) is to be taken for previous 3 months i.e. for IDA w.e.f. 01.01.2012 CPI(IW) for  Sep. 2011,  Oct . 2011 and Nov 2011 are to be taken


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