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A gratuity (often called a tip) is a sum of money customarily given by a customer to certain service sector workers such as hospitality for the service they have performed, in addition to the basic price of the service.
The right of alien residence and work permit is protected by the UAE Federal Law No. 6 of 1973 on the Entry and Residence of aliens. [17] Per UAE law, an employer may not deny an employee on a work visa right to annual leave, regularly paid wage, 45 days maternity leave, right to resign, resign gratuity, and a 30 day grace period to find a new job.
Gratuity (مكافأة) is a lump sum payment given to an employee by the employer or hiring company in the UAE and Dubai at the end of his service tenure. As per Emirates' Labor Law, employers are liable to disburse gratuity benefits to their workers upon exceeding one year of service.
In India, gratuity is a type of retirement benefit. It is a payment made with the intent of monetarily helping an employee after his or her retirement. It was held by the Supreme Court of India in Indian Hume Pipe Co Ltd v Its Workmen that the general principle underlying a gratuity scheme is that by service over a long period the employee is entitled to claim a certain amount as a retirement ...
A huge list of Free zones in UAE, [10] each for specific industries, rules, benefits etc. There are 46 Free Zones operating in UAE. [11] The number is now 47 with the recently established Sharjah Communication Technologies Free Zone [12] Abu Dhabi. Abu Dhabi Airport Free Zone (ADAFZ) Abu Dhabi Global Market; Khalifa Industrial Zone
Illustration of the partial payout of Sum Insured against probability of occurrence. Condition of average (also called underinsurance [1] in the U.S., or principle of average, [2] subject to average, [3] or pro rata condition of average [4] in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured.
Politics of the United Arab Emirates take place in a framework of a federal presidential elective constitutional monarchy [1] (a federation of absolute monarchies). [2] The United Arab Emirates (UAE) is a federation of seven constituent monarchies: the Emirates of Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain.
Formula for calculating Dearness Allowance for Central government employees from 1 January 2006 is : Dearness Allowance %= {(Average of AICPI(Base year 2001=100) for the past 12 months – 115.77)/115.77}*100. In October 2021, the government revised the Consumer Price Index for Industrial Workers (CPI-IW) base year from 2001 to 2016. [4]