By the Order of the Governor of Bihar, Joint Secretary, Notification No.5/M/W/40-16/2021/L&R/3808
Contents News/Article Date: 30th September 2022
Relating to which Act: The Minimum Wages Act, 1948,
Type: By the Order of the Governor of Bihar, Joint Secretary, Notification No.5/M/W/40-16/2021/L&R/3808
Pertains to: Employers and Employees in different categories employed in the scheduled employment in Bihar effective 1/10/2022
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Subject: Governor of Bihar is pleased to introduce the formula for Variable Dearness Allowance in the minimum rates of wages fixed! revised for the different categories of employees employed in the scheduled employments. These rates of Variable Dearness Allowance will be based on the average of the All India Consumer Price Index on which the minimum rates of wages have been fixed/revised in the above-scheduled employment.
The payment of variable Dearness Allowance on the basis of the average index of January-June., 2022 will be payable at the aforesaid rates from 1st October 2022 and thereafter increase or decrease in the amount of variable Dearness Allowance will be based on the average of All India Consumer Price Index number for every six months and will be applicable after the expiry of three months after the said period of six months
For greater details, attached is the notification
By the Order of the Governor of Bihar, Joint Secretary, Notification No.5/M/W/40-16/2021/L&R/3808