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State of Jharkhand - Section

Section 87A in Bihar Factories Rules, 1950

87A. Calculation of cash equivalent of the advantages accruing through concessional sale of foodgrains in respect of worker proceeding on leave.

- The cash equivalent of the advantage accruing through the concessional sale of food grains and other articles payable to workers proceeding on leave shall be the difference between the value at the average rates in the nearest market prevailing during the month immediately preceding his leave and the value of the concessional rates allowed of foodgrains and other articles he is entitled to.Explanation.-For the purpose of calculating the cash equivalent, monthly average market rate of foodgrains and other articles shall be computed at the end of every month.