Contents News/Article Date: 19thSeptember 2022
Relating to which Act: The Minimum Wages Act, 1948,
Type : Government of Jharkhand Notification No. 2 / MW / 2071 / 2010 / L&T / 1208
Pertains to: Employers and Employees in scheduled employment
Relevance of this news:Karma Management Global Consulting Solutions Pvt. Ltd has been in the business of Payroll, Outsourcing, and Regulatory Compliances since its inception in 2004 since then, it has brought in a lot of efficiencies and technological upgradations with experts on its role, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding Management, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Karma Global has a system to regularly track the announcement of minimum wages declared and also the consumer price index announced from time to time and in this respect, Karma makes it a regular point to inform all its stakeholders ranging from business owners to vendors partners, contractors, SME clients, associates on the minimum wages and consumer price index in an explanatory manner understood by all.
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/revised in the above-scheduled employments. There will be an increase or decrease in wage rates, which may rise or fall, but there will not be any reduction.
Subject: Payment of variable dearness allowance on the basis of the average consumer price index of January – June 2022 payable from 1st October 2022
For greater details, attached is the notification