8.1 An officer or employee shall be eligible to the minimum of the scale of pay of the post to which he is appointed ;
Provided that the appointing authority may, in consideration of his special knowledge, training or expertise allow a higher initial start.
8.2 An officer or employee on deputation to the Corporation may either :
(i) accept the pay scale of the post under the Corporation subject to the fixation of his pay in such pay scales by the appointing authority ; or
(ii) continue to enjoy the pay scale in his parent service plus deputation pay and other allowances as admissible to them as approved by the lending Organisation.
Note : An officer or employee on deputation to the Corporation shall be entitled to claim benefits of higher pay scale or fixation of pay at a higher level with or without retrospective effect in the Corporation, if such benefits have accrued to him in his parent service.
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8.3 An increment in a time scale may be drawn as a matter of course by an employee of the Corporation unless it is withheld or deferred.
8.4 When a person in a lower scale of pay, is appointed to officiate in a higher scale of pay he will draw the minimum of the higher scale, or if the pay he is already drawing is more than or equal to the minimum of the higher scale, he will draw pay in the higher scale at the stage next above his basic pay in the lower scale.
8.5 Service in a higher scale of pay in an officiating capacity shall count for increment, both n the substantive scale of pay and in the higher scale of pay.
8.6 Special pay at a rate not exceeding 10% of basic pay may be allowed to a person holding charge of an independent post in addition to his own duties, for a period exceeding two months, may be allowed by the Board.
8.7 The Managing Director may, in recognition to exceptionally good services of an officer or employee, grant to him an honorarium or upto five premature increments in the time scale of his pay ;
Provided that the Board shall be apprised of the same in its ensuing meeting.
8.8 The Corporation shall pay to the Government or other lending Organization, leave salary and pension contribution or pay other liability in respect of officers or employees taken on deputation in accordance with the rules of the lending Organization in force for the time being in this behalf.
8.9 Any sum of money or pay allowance due to an employee of the Corporation that may have remained unclaimed for a period of three years from the date on which the payment is normally due, may be treated as lapsed to the Corporation.
8.10 'Special Pay' and 'Personal Pay' shall not be counted for purpose of grant of dearness allowance.
CHAPTER IV
9. Leave -
9.1 All employees and officers of the Corporation shall be entitled to all types of leave, and to the encashment, thereof as per the rules of the Government in force at the time.
9.2 Leave cannot be claimed as of right. In the normal course leave applied for, if due, will be granted. However, leave can be refused/cancelled in the interest of the work of the Corporation.
9.3 In all cases where an employee or officer absents himself, or proceeds on leave in anticipation of sanction thereof and whether the same is sanctioned or refused, any official communication sent by ordinary post and also under Certificate of Posting at the last known address, shall be deemed to be properly served.
CHAPTER V