DA Formula Rectification & Revision of Wages
DA Formula Rectification & Revision of Wages Price rise in last six years is 152%. Total increase in Consumer Price Index is 90 points. Total DA due is 70 % as 1/6/12 The Confederation has prepared a comparative chart of the price of 14 commodities, which go into the computation of minimum wage. for more details see Confederation web sitehttp://confederationhq.blogspot.in/ Placed there-under is the computation of the Minimum wage on the basis of the prices of the requisite articles as in January, 2012. It could be seen there-from that while the prices on an average registered an increase of 152% the DA compensation had only been 65%. This fact may kindly be used to bring home the necessity of revision of wages immediately. .CLICK here for more information. The prices of the commonly used items of the common man has risen from 100% to 250% from last six years, where as the Consumer Price Index numbers has risen only by 90 points in last...