CPI & WPI its influence on wage components

RAMESHANPT · #1 29-08-2009, 10:41 AM

Dear Seniors,

I would like to gather more information on various price indices and its effect on DA. I am from Tamilnadu and getting information on monthly basis about various indices specifically for even my district too..

We do not have VDA but have Basic, DA and other allowances. Can anyway I can make use of this information. Please advise

And I understand that National / Festival Holidays wages are eligible only if an employee worked proceeding and succeding days of a holiday. Is this correct? Please advise

Awvik · #2 29-08-2009, 11:34 AM

Dear

If you don't have VDA as a salary component in your company, then you don't need to worry about CPI. CPI is directly related to VDA and nothing else.

Regards

pon1965 · #3 29-08-2009, 12:00 PM

The employee has to present on preceeding or succeeding days of NH/Festival holidays.

krmrao · #4 29-08-2009, 12:36 PM

Hi

CPI is nothing but VDA the name is termed differently in different states, CPI is Consumer Price Index and VDA is Variable Price Index. So both are the same.

Coming to the point of getting the Holiday wages, the employee got to be present either on succeeding or Proceeding days of the holiday, if he is absent on succeeding and proceeding days of the holidays the holidays in between the days of absent are treated as absent and no holiday wages to be paid by the employer.

Mohan Rao
Manager HR

K. Gopalakrishnan · #5 29-08-2009, 12:58 PM

Hi

Mr.Mohan Rao is absolutely correct.

Gopalakrishnan

Awvik · #6 29-08-2009, 02:22 PM

Dear Mr Gopalakrishnan,

Mr Rao is right in what? The VDA part or the holiday part.

sant1511 · #7 29-08-2009, 05:19 PM

Mr. Rao is correct. The holiday will be treated as a normal continuous leave.

RAMESHANPT · #8 29-08-2009, 05:33 PM

Thank you for the inputs..But I would like to have a copy of related (holiday wage) documents / part of act doc for my verification and better understanding.

Awvik · #9 29-08-2009, 05:33 PM

Dear Mr. ant 1511

So I guess that Mr. Rao is not correct on the VDA part

Any comments, please go ahead.

regards

mkamalh · #10 30-08-2009, 11:01 AM

i also agree with the part of VDA. I think that Mr. Rao is not clear on this part
kamal
From Bangladesh