Encashment of Leave to be granted to Railway Servants on their appointment in Central Public Enterprises :- A clarification order has been uploaded in the official website of AIRF, pertaining to the subject of leave encashment. The Railway Board has now published, the encashment of leave to be granted to Railway employees on their appointment in Central Public Enterprises. For this provision, an amendment has been made in the Indian Establishment Code and the advance correction slip has also been issued in the order. The amendment is being as follows... Indian Establishment Code, Vol-I, Fifth Edition-1985(Third Reprint Edition-2008), Advance Correction Slip No.119, 1.550-F may be subsitituted with the following..."(F) In case of permanent absorption In Public Sector Undertaking/Autonomous body wholly or substantially owned or controlled by the Central/State Government: A railway servant who has been permitted to be absorbed in a service or post ¡n or under a Corporation or Company wholly or substantially owned or controlled by the Central Government or State Government or in or under a body controlled or financed by one or more than one such Government shall be granted, suo moto, by the authority competent to grant leave cash equivalent of leave salary in respect of both leave on average pay and leave on half average pay, if any, at the credit of the Railway servant on the date of absorption subject to a maximum of 300 days and the cash equivalent of leave salary payable shall be calculated in the same manner as provided for in sub-rule (A)(1)(b) of Rule 550”. |
| For Latest Updates Always Visit http://satish24k.blogspot.com/ |
Print
PDF
For Further Reading,
About the Author
0 comments:
Post a Comment