Which of the following statements is/are correct with reference to the Variable Dearness Allowance (VDA)?
A. Government of India has notified and revised the rate of Variable Dearness Allowance (VDA).
B. The VDA is revised on the basis of average Consumer Price Index for industrial workers (CPI-IW) a price index compiled by Labour Bureau.
C. Both A & B
D. None of these
Explanation:
Government of India has notified and revised the rate of Variable Dearness Allowance (VDA) with a view to provide relief to different category of workers engaged in various scheduled employments in the central sphere. The VDA is revised on the basis of average Consumer Price Index for industrial workers (CPI-IW) a price index compiled by Labour Bureau. These rates are equally applicable to contract and casual employees and workers.
