GOI TO IBA TO BEGIN 12TH BPS NEGOTIATIONS

[mohan p]

For information:

The Indian government has instructed the Indian Banks' Association (IBA) to begin negotiations for the 12th bi-partite settlement and finalize it by December 1, 2023, to improve working conditions and incentivize employees of public sector banks. The finance ministry has requested that all future wage negotiations be concluded before the subsequent period begins so that the wage revision can be implemented on time.

https://m.economictimes.com/industry/banking/finance/banking/finmin-asks-iba-to-finalise-wage-revision-of-bankers-of-psu-banks-by-dec-1/articleshow/101634935.cms

 

[kds nair]

A very good decision if it is true.

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[Asok Bhaumik]

This information is as published in various English Daily as per Google news.

GOI instructions is only for wage settlement of serving employees and officers in banking industry. There is no instruction for resolving of pensioner's issues. Does that mean IBA/UFBU has no authority to resolve pensioner's issues except GOI?

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[Murali]

When it comes to the pre-Nov 2002 retirees, I don't know if the number of pensioners/family pensioners to the total number of pensioners and the financial cost of bringing the pre-2002 group on par with the latter day pensioners has ever been worked out..

Since the youngest pensioner in this category must be at least 81 years of age, it is hard to conclude that the cost may be negligible.

It is a question of heart - from the Hon' PM/FM/DBS/RBI to the ubiquitous IBA/Bank Managements types. Plus our own Netas who reigned supreme in the Staff/Officers' Federations during 2002. They are responsible for creating this wedge between pensioners.

Now that they are ruling the Pensioners' Associations/Federations now, they lack the moral courage to negotiate successfully with the powers that be.

It seems to be missing.  

 

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