1.UFBU constituents have not discussed the issue and arrive at consensus on Updation and Formula for Updation and how 100% issue of pre 2002 retirees should be addressed.
2. Cost of Updation depends on Type of Formula.
3. In spite of 100 BPS meetings UFBU never demanded cost details from IBA.
4. In 2016 AIBOC reported that
"IBA informed cost details of 100% DA received from Banks and actuary reported expected with 10-12 days"
AIBOC did not ask for a report from IBA. But promptly at regular intervals informed us we have demanded IBA to obtain actuary report.
5. UFBU did not demand the committee report from IBA
6. When they have called strike for updation why issue was not raised with FM and request her to issue instructions to IBA to hold talks?
UFBU has zero commitment for updation and 100% DA but without discussion and without arriving at cost UFBU want unconditional commitment from IBA.
A political leader in Delhi is deciding strike actions without aim and purpose.