This has been the week of IT and ITES (or queries related to them). A local weekly asked me about the Economist Intelligence Unit’s Worldwide Cost of Living survey, where Colombo had come in the lowest 20, but above Indian cities and Dhaka. According to EIU, the survey is for ‘human resources line managers and expatriate executives to compare the cost of living in 140 cities in 93 countries and calculate fair compensation policies for relocating employees.’ Companies can then apply this index to an executive’s spendable income to reach a fair cost of living allowance. The purpose of a cost of living allowance is to reimburse employees for excess living costs resulting from a foreign assignment.