3. Classification of news agencies.- For the fixation or revision of rates of wages of employees in news agencies, news agencies shall be classified based on the average gross revenue of the three accounting years 1995-96, 1996-97 and 1997-98.

4. Continuance of classification.- The classification made under this Chapter shall continue until the news agency is reclassified in accordance with the provisions of para 6 of this Chapter.

5.  Classification of news agency.- News agencies shall be classified under the following classes on the basis of their gross revenue as per para 3 of this Chapter.
 

Class     Gross Revenue

I            Rs. 30 crore and above;

II           Rs. 15 crore and above but less than Rs. 30 crore;

III          Rs. 5 crore and above but less than Rs. 15 crore;

IV         Less than Rs. 5 crore.

Note: Foreign news agencies,  ie; those operating in India with their Principal Office outside India, shall be treated as Class I news agencies.

6. Reclassification.- It shall be open either to the employer or to the employee to seek a reclassification of a news agency at any time after one year from the date of enforcement of the Award on the basis of the average gross revenue of the 3 immediately preceding accounting years; provided that such reclassification should not be sought more than once in any period of 3 consecutive accounting years.

7.  Grouping of Newspaper employees.- (1) Working Journalists in the regular cadre in the news agency shall be grouped as under the First Schedule; and functional definitions of various categories of working journalists in the news agency are described in the Second Schedule.

(2) Non journalist news agency employees shall be grouped as under the Third Schedule.