CPI & WPI its influence on wage components

Awvik · #21 01-09-2009, 11:54 AM

Dear Mr. Ponraj,

Brilliant!!!! I never knew that calculation of VDA was soooooo easy. Now can you please tell me that if my basic is 3000, Xn = 1000 and Xo = 1020 then what would be the amount that would be added to my existing VDA?
Eagerly waiting for your reply.

Regards

pon1965 · #22 01-09-2009, 12:01 PM

Mr.Avik,

Thanks for your (sarcastic) reply. I am not aware of how the VDA is being revised on every quarter. But the guideline formula what I gave was being used to calculate the Escalation amount of contract price for price variation of inputs.

Awvik · #23 01-09-2009, 12:22 PM

Mr Ponraj,

Please understand that VDA is not an easy subject. Please don't post such things which you are not confident about and which may lead to further confusion. Let people know the hard way. Otherwise it may lead to serious problem in future to the new generation of HR professionals.

Regards

By the way,sorry for the sarcasm.

Raj Kumar Hansdah · #24 01-09-2009, 05:12 PM

I agree.

It is quite a detailed subject.

Moreover, it is complicated by the fact that there are systems (salary & wages administration policy) with 100 % neutralization of DA and some, where it is not so.

In addition to it, DA for Govt. employees is administered in a different way; whereas it is different for, say PSUs which are in manufacturing/industrial sector; which is based on the All India Consumer Price Index Number for Industrial Workers.

Right Awvik ??

Quote:

Originally Posted by Awvik

Mr Ponraj,

Please understand that VDA is not an easy subject. Please don't post such things which you are not confident about and which may lead to further confusion. Let people know the hard way. Otherwise it may lead to serious problem in future to the new generation of HR professionals.

Regards

By the way,sorry for the sarcasm.

Awvik · #25 01-09-2009, 05:56 PM

Dear Mr Hansdah,

Absolutely

Regards

RAMESHANPT · #26 02-09-2009, 04:18 PM

Dear My seniors,

I have posted this query.. what should I understand from this discussion. or cam any one help me to find out a good book on this subject??

Please advise