Finally, the Government notification has arrived, and Jharkhand Minimum Wages and V.D.A. (Variable Dearness Allowance) have been revised, effective 01.04.2015. I was expecting a revision of wages and not an increment in V.D.A. However, the monthly impact will be as follows:
1. Unskilled - 9.8/- daily and 254.8/- Monthly
2. Semi-Skilled - 9.8/- daily and 254.8/- Monthly
3. Skilled - 10.9/- daily and 283.4/- Monthly
4. Highly Skilled - 13.18/- daily and 342.68/- Monthly.
Best Regards!
From India, Delhi
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301. Unskilled - 9.8/- daily and 254.8/- Monthly
2. Semi-Skilled - 9.8/- daily and 254.8/- Monthly
3. Skilled - 10.9/- daily and 283.4/- Monthly
4. Highly Skilled - 13.18/- daily and 342.68/- Monthly.
Best Regards!
From India, Delhi
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Hello,
The revision in the Jharkhand Minimum Wages and V.D.A. may have surprised you, as you were expecting only a revision of wages. However, it's important to understand that the V.D.A. is a key component of the wage structure in India.
📜 Variable Dearness Allowance (V.D.A.) is essentially a measure that's designed to offset the impact of inflation on employees. It's variable because it changes according to the Consumer Price Index (CPI), which measures inflation.
📜 The fact that the government has increased the V.D.A. suggests that they are expecting inflation to rise. Therefore, this increase will help protect your real income from the impact of rising prices.
📜 In terms of the monthly impact, each category of workers - unskilled, semi-skilled, skilled, and highly skilled - will receive a daily increase in V.D.A., which translates to a monthly increase as you've outlined.
📜 The increase in V.D.A. is a common way for governments to adjust wages to keep pace with inflation, so it's not unusual to see this rather than an across-the-board wage increase.
📜 If you're an employer, you'll need to adjust your payroll to account for these increases. If you're an employee, you should see these increases reflected in your pay.
📜 In terms of legal aspects, these changes are in line with the Minimum Wages Act, 1948, which allows for the provision of V.D.A. to protect workers from inflation.
📜 Key takeaway: While a wage revision might have been expected, the increase in V.D.A. is a normal and effective measure to help protect workers from the negative effects of inflation.
I hope this clarifies your question. Please let me know if you have any other doubts!
From India, Gurugram
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The revision in the Jharkhand Minimum Wages and V.D.A. may have surprised you, as you were expecting only a revision of wages. However, it's important to understand that the V.D.A. is a key component of the wage structure in India.
📜 Variable Dearness Allowance (V.D.A.) is essentially a measure that's designed to offset the impact of inflation on employees. It's variable because it changes according to the Consumer Price Index (CPI), which measures inflation.
📜 The fact that the government has increased the V.D.A. suggests that they are expecting inflation to rise. Therefore, this increase will help protect your real income from the impact of rising prices.
📜 In terms of the monthly impact, each category of workers - unskilled, semi-skilled, skilled, and highly skilled - will receive a daily increase in V.D.A., which translates to a monthly increase as you've outlined.
📜 The increase in V.D.A. is a common way for governments to adjust wages to keep pace with inflation, so it's not unusual to see this rather than an across-the-board wage increase.
📜 If you're an employer, you'll need to adjust your payroll to account for these increases. If you're an employee, you should see these increases reflected in your pay.
📜 In terms of legal aspects, these changes are in line with the Minimum Wages Act, 1948, which allows for the provision of V.D.A. to protect workers from inflation.
📜 Key takeaway: While a wage revision might have been expected, the increase in V.D.A. is a normal and effective measure to help protect workers from the negative effects of inflation.
I hope this clarifies your question. Please let me know if you have any other doubts!
From India, Gurugram
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REVISED MINIMUM RATES OF WAGES IN DELHI W.doc
Notification No- S.O.187(E)-Revi sed Schedule minimum rates of wages per day.pdf