Cash Handling Allowance to Class I Officer in Satellite Offices shall be Rs.170/- per day for paying and receiving cash

Cash Handling Allowance to Class I Officer in Satellite Offices shall be Rs.170/- per day for paying and receiving cash

New Delhi, the 17th August, 2023

G.S.R. 610(E).— In exercise of the powers conferred by section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insurance Corporation of India, Class I Officers (Revision of Terms and Conditions of Service) Rules, 1985, namely: —

1.  Short title, commencement and application. — (1) These rules may be called the Life Insurance Corporation of India, Class I Officers (Revision of Terms and Conditions of Service) Amendment Rules, 2023.

(2) They shall come into force on the date of their publication in Official Gazette.

(3) These rules shall be applicable to those Class I Officers who were in the whole-time salaried service in the permanent establishment of the Corporation.

2. In the Life Insurance Corporation of India, Class I Officers (Revision of Terms and Conditions of Service) Rules, 1985, after rule 7G, the following shall be inserted, namely: –

“7H. — Cash Handling Allowance to Class I Officer in Satellite Offices shall be Rs.170/- per day for paying and receiving cash:

Provided that this allowance shall not count for the purpose of calculation of Dearness Allowance, Provident Fund, Gratuity, House Rent Allowance, Pension, Encashment of Privilege Leave and fixation of salary on promotion.”

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide notification number G.S.R. 794(E),  dated  the 11th October, 1985 and were subsequently amended vide G.S.R. 960(E), dated the 7th December, 1987, G.S.R. 493(E), dated the 22nd April, 1988, G.S.R. 872(E), dated the 22nd August, 1988, G.S.R. 711(E), dated the 25th July, 1989, G.S.R. 816(E), dated the 11th October, 1990, G.S.R. 324(E), dated the 10th March, 1992, G.S.R. 53(E), dated the 2nd February, 1994, G.S.R. 597(E), dated the 30th  June, 1995, G.S.R. 94(E), dated the 16th  February, 1996, G.S.R. 286(E), dated the 18th  July, 1996, G.S.R. 530(E), dated the 27th August, 1998, G.S.R. 612(E), dated the 30th August, 1999, G.S.R. 550(E), dated the 22nd June, 2000, G.S.R. 287(E), dated the 27th April,2004, G.S.R. 559(E), dated the 5th September, 2005, G.S.R. 305(E), dated the 25th April,2007, G.S.R. 631(E), dated the 2nd September, 2009, G.S.R. 824(E), dated the 8th October, 2010, G.S.R. 16(E), dated the 8th January, 2013, G.S.R. 28(E), dated the 14th January, 2016, G.S.R. 194(E), dated the 26th February, 2016, G.S.R. 402(E), dated the 31st May, 2019, and G.S.R. 268(E), the dated 15th April, 2021.

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