Common use of Dearness Allowance Clause in Contracts

Dearness Allowance. In substitution of Clause 7 of Bipartite Settlement dated 2nd June 2005 with effect from 1st November 2007, the dearness allowance shall be payable as per the following rates:- 0.15% of „pay‟ Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 2836 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100. (a) It is clarified that there shall be no ceiling on Dearness Allowance. (b) Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff. (c) All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged.

Appears in 6 contracts

Samples: Memorandum of Settlement, Memorandum of Settlement, Memorandum of Settlement

AutoNDA by SimpleDocs

Dearness Allowance. In substitution of Clause 7 of Bipartite Settlement dated 2nd June 2005 27th April 2010 with effect from 1st November 20072012, the dearness allowance Dearness Allowance shall be payable as per the following rates:- 0.150.10% of „pay‟ ‘pay’ Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 2836 4440 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100. (a) It is clarified that there shall be no ceiling on Dearness Allowance. (b) Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff. (c) All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged.

Appears in 4 contracts

Samples: Memorandum of Settlement, Memorandum of Settlement, Memorandum of Settlement

Dearness Allowance. In substitution of Clause 7 of Bipartite Settlement dated 2nd June 2005 with effect from 1st November 2007, the dearness allowance shall be payable as per the following rates:- Clerical and Subordinate Staff 0.15% of „pay‟ Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 2836 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100. (a) It is clarified that there shall be no ceiling on Dearness Allowance. (b) Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff. (c) All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged.

Appears in 2 contracts

Samples: Memorandum of Settlement, Memorandum of Settlement

AutoNDA by SimpleDocs

Dearness Allowance. In substitution of Clause 7 of Bipartite Settlement dated 2nd June 2005 27th March 2000 with effect from 1st November 20072002, the dearness allowance shall be payable as per the following rates:- 0.15rates:- (i) Subordinate Staff (ii) Clerical Staff 2. On and from 1st February 2005, Dearness Allowance shall be payable at 0.18% of „pay‟ Pay. Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 2836 2288 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100. (a) It is clarified that there shall be no ceiling on Dearness Allowance. (b) Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff. (c) All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged.

Appears in 1 contract

Samples: Memorandum of Settlement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!