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LATEST CENTRAL GOVERNMENT EMPLYOEES NEWS
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LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
Revised Rate 34% DR Order for Central Government Pensioners and Family Pensioners from 1.1.2022
Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
FR 56(j) of CCS (Pension) Rules age of 50 years or on Completion of 30 years of Service
Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

Bank Unions wage increase demand irrational: Indian Bank’s Association

December 29, 2014

Bank Unions wage increase demand irrational: Indian Bank’s Association

Indian Banks’ Association said it is the only representative body of banks which acts on the mandate given by the banks for wage settlement, a statement issued here said.

It said IBA’s Negotiating Committee comprise of CMDs of Public Sector Banks as well as Private Sector Banks which are parties to the Bipartite a settlements has started the wage negotiation in justify earnest since October 2012.
It said 14 rounds of discussion have been held and two major issues, i.e., effective date of implementation and merger of DA have been clinched.

“In the past 7th and 8th Bipartite Settlements, the wage increase was between 10 percent and 13 percent. The 9th Bipartite Settlement was an exception as compared to earlier settlements and cannot be quoted as precedent.”

In the current wage settlement, a hike of 11 percent on salary and allowances has been offered based on the paying capacity of all the banks, lower profitability, higher requirements for provisions and further capital requirement under Basel-III, which translates into 12.5 percent on the balance sheet cost that too is unaffordable to some of the banks.

Central Govt Holiday List 2023 PDF | Holiday Calendar 2023 India

“The issues regarding wage negotiation deliberated in Negotiating Committee of IBA are further discussed in a larger forum, i.e., Managing Committee of IBA and the Chairmen of all the banks were unequivocal in saying that the demand of 23% increase of Unions/Associations is un affordable, illogical, exorbitant and irrational.”
IBA appealed Unions/Associations to give up the agitation path and return with pragmatic approach to the negotiation table and to resolve the issue through bipartisan.

“Despite the appeal made by IBA as well as Chief Labour Commissioner (Central) at the conciliation meetings not to resort to strike and resolve the issue through bipartisan, the Unions/Associations went on one day strike on November 12, 14 followed by Zonal relay strikes from December 2 to December 5, 2014.

In the meantime, IBA has requested to all member banks to assess their paying capacity and advise IBA accordingly.

“It is, therefore, apparent that IBA is serious to settle the issue at the earliest and not adopting delayed tactics as alleged by the Unions/Association.”

Related News:

  1. Wage Revision Negotiations details from INBEF
  2. Bank employees wage settlement – Bank employees expect early settlement on wage revision
  3. Bank employees may come under 7th Pay Commission
  4. No improvement in Conciliation meeting held on 5.11.2014 – Bank employees Strike on 12.11.2014
  5. Next round of Bipartite Talks between IBA and UFBU will be held on 26.9.2014
  6. Xth Bipartite Wage Revision meeting updates… (26.9.2014)
  7. Bipartite Talks with IBA on 26.9.2014 – AIBOC
  8. Representatives of Bank employees meet FM on wage revision issue
  9. Reduction of number of free transactions on third party ATM
  10. Wage Negotiations with Bank Employees Unions/ Associations: IBA Press Statement

ALLOWANCE NEWS

Revision of Minimum Wages and Variable Dearness Allowance – Lok Sabha Q and A

IDA from July 2022 at 391% to CPSE Employees for 1997 Pay Scales

DA from July 2022 at 190.8% to CPSE Employees for 2007 Pay Scales

DA from July 2022 at Revised Rate 32.5% to CPSE Employees for 2017 Pay Scales

5th CPC Dearness Relief Order for CPF Beneficiaries from 01.01.2022

GDS Latest News

Review of the Scheme for Engagement of the Dependent of a Deceased GDS on Compassionate Grounds

June 7, 2022 By admin Leave a Comment

34 Percent DA Order to GDS Employees wef 1.1.2022

April 12, 2022 By admin Leave a Comment

Revised GDS Online Engagement Process wef 4th Week of January 2022

January 24, 2022 By admin Leave a Comment

Enhancement of Rs. 20,000/- to Rs. 50,000/- to GDS Employees Suffering from COVID-19

November 25, 2021 By admin Leave a Comment

Review of Security Amount to be Furnished by the Gramin Dak Sevaks (GDS)

November 22, 2021 By admin Leave a Comment

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