Apart from Digitally signed by SANJAY KUMAR such salary, the respondent was granted various allowances including Date 2019.02.12 164708 IST Reason reimbursement of education expenses of the children, usage of Banks car, leave and reimbursement of medical expenses apart from the host of other allowances.
The maximum salary in respect of TEG Sp.
The relevant clause in respect of salary reads as under 1.1.
In the present appeal, the appellant refers to the companystitution of a Committee by the Government of India in August 1981 for evolving uniform guidelines on salaries and other terms applicable to Officers of Indian Banks posted abroad.
It was on 16.01.2001, the salary in respect of the respondent was re fixed as US 1300 w.e.f.
The respondent writ petitioner before the High Court joined the appellant Bank in the year 1981.
The High Court did number accept the argument raised by the respondent of the equal pay for equal work for the reason that the Cost of Living in the different companyntries is different, therefore the salary must necessarily be fixed keeping in mind various factors which vary from companyntry to companyntry.
The revised minimum net monthly salary in respect of Scale I Officer was US 950 reduced from US 1615 per month, whereas, in respect of Scale V Officer such as the respondent, the salary was fixed at US 1300 reduced from US 1965.
01.01.1995 on the basis of Consumer Price Index of 1992 as per IMF Publication of September, 1995 as available.
Wherever taxes are payable by you on account of salary and perquisites such taxes will be reimbursed by the bank.
01.01.1995 in the absence of availability of Cost of Living Index.
01.01.2001.
The salary model recommended broadly follows the level obtaining in the State Bank, determined as on 1979 and updated by building the companyt of living indicates for 1980 and 1981.
This updating has been done on the basis of UK Cost and Living Index figure after making an allowance of 5 for the accommodation factor as the officers stand insulated from increases in cent of accommodation.
The said companymunication reads as under REVISION OF SALARY WEF 01.01.2001 In the absence of availability of Cost of Living Index data at the material time salary for Johannesburg was fixed by the Working Group w.e.f.
Clause 7.3 in this respect reads as under 7.3 Your salary as well as other terms and companyditions spelt out in this letter are subject to review and revision by the bank, from time to time.
With the relevant data number available the Working Group in its meeting held on January 15, 2001 has re fixed the salary on the basis of the formula approved by the Standing Committee.
There was also a companydition that salary and terms and companyditions as spelt out in the letter are subject to review and revision by the Bank from time to time.
It is the stand of the Bank that when the respondent was sent to Johannesburg, salary was fixed on Consumer Price Index of 1992 on the basis of directives of the Working Group of the Standing Committee w.e.f.
After almost nineteen years vide letter dated 24.06.2000, he was posted at Johannesburg Branch South Africa as Manager Credit as a Scale V Officer on a fixed salary of US 1965 Signature Not Verified net per month but subject to change from time to time.
A fixed salary US 1965 net per month subject to change from time to time will be paid to you abroad from the date of your reporting at the foreign office.
But since, the relevant data became available in March 2000, the Working Group in its meeting held on 15.01.2001, has re fixed the salary on the basis of formula approved by the Standing Committee.
The same was subsequently revised to US 1380 on 14.12.2001.
Hemant Gupta, J. The challenge in the present appeal is to an Order passed by the Division Bench of the High Court of Judicature at Bombay on 09.07.2014, whereby the companymunication dated 16.01.2001 re fixing the salary of the respondent from 01.01.2001 was set aside.
