ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Compensation for Loss of Real Income-Graded Rates Based on Income Elasticity

As a measure of relief from price increases, dearness allowance has to be granted more liberally to lower grade workers compared to upper grade ones because articles of essential consumption form a substantial part of the poorer families' budgets.

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