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The government is reportedly working on a formula which will automatically calculate the salary component once the Dearness Allowance goes beyond 50 percent. The new calculation --probably could be termed as Automatic Pay Revision.
Media reports have hinted that the government is working on a formula which will automatically calculate the salary component once the Dearness Allowance goes beyond 50 percent. The new calculation --probably could be termed as Automatic Pay Revision.
The new labour laws have been passed through the parliament but are delayed as Indian states are yet to notify these regulations.
As per the new labour code, companies can increase the working hours but would have to give an additional weekly off.
Over 64 per cent of organisations expect a significant impact on their P&L (profit and loss), while 34 per cent are unsure of making changes to their compensation structure.