IDA and CDA from January, 2020

IDA INCREASE BY 5.3% AGAIN

Yesterday evening, the Labour Bureau of India has released the Consumer Price Index for Industrial Workers for the month of November 2019. It is 328 points. 3 points increased from October.

Average for the three months (Sept, Oct, and Nov. 2019) is 325.

Based on the above, it can be assessed that IDA rate will increase from existing 152% to 157.3% from January 2020.

CDA RATE

CDA will also increase from January 2020. But that will be known only on 31-01-2020.

CDA is calculated on the basis of average Index for 12 months; January-December 2019. The Index for December will be announced only on 31-1-2020. Existing rate of CDA from July 2019 is 17%. It may increase to 21% from January, 2020.