Jharkhand Government issues Consumer Price Index Number for 77 Scheduled Employments

Oct 11, 2018 | by Avantis RegTech Legal Research Team

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The Governor of Jharkhand has declared that the Consumer Price Index Number applicable to the employees employed in 77 Scheduled Employments (mentioned in the Notification) for the months January 2018 to June 2018 shall be as shown below,  for the purpose of clause (d) of Section 2 of the Minimum Wages Act, 1948:

Month

All India Consumer Price Index

January 2018

288.00

February 2018

287.00

March 2018

287.00

April 2018

288.00

May 2018

289.00

June 2018

291.00

Total

1730.00

 

Average

1730.00 ÷ 6 = 288

288-253=35 Points

=13.83% increase

 

The rates of variable dearness allowance will be based on the average of all India Consumer Price Index on which the minimum rates of wages have been fixed or revised in the Schedule Employments. There will be increase or decrease in wage of rates shown above with rise or fall as the case may be in aforesaid Index of the Schedule Employments and it will be deemed as variable dearness allowance component. But even if index falls below the points on which minimum rates of wages have been fixed or revised, there will not be any reduction in the minimum wages fixed or revised.

The payment of variable dearness allowance on the basis of average Consumer Price Index of January-June, 2018, which is first half of 2018, will be payable from October 01, 2018.

[Notification No-02/MW-2071/2010 L&T-1830]

 

URL: http://www.jharkhand.gov.in/documents/10179/54761/VDA%20for%2077%20Employment%20with%20effect%20from%2001.10.2018


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