10th BIPARTITE WAGE REVISION TALKS
PM
Gopalakrishnan Ramachandran
While I fully agree with PM regarding consensus among the unions, it is important to know how much the IBA can offer. If they are adamant on 11% or increase it by one or two percent, there is no meaning in continuing the talks. If IBA is sincere and wants to avoid confrontation they should substantially increase the offer and it should be done expeditiously without wasting further time. The CLC as govt representative should impress upon the IBA to sort out this issue and not to insult the bank employees by offering pittance.
G.Ramachandran
CB-SVRS
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PM
cpvnair
If the Labour Minister could ensure a positive intervention of the FM , it is good.Else these would remain as courtesy calls.
warm reg
CPVNAIR
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PM
NOW ITS SITUATION LIKE DO OR DIE, ITS NOW OR NEVER
Raise your voice at the forum where it matters
While struggle of wage revision has entered into final stage and Government of India is exploring the possibilities of ending the deadlock between UFBU and IBA and for this purpose Dy. Chief Labour Commissioner (Central) is holding conciliation proceeding at Mumbai on 17th December between UFBU. UFBU has already shown its willingness for being flexible by bringing down its present demand from 23% percent provided IBA improves its present offer of 11% increase reasonably. Under these circumstances, its possible that both the parties may sign MOU for an increase between 13.5% to 17.5%. If that happens, it will bring an end to the struggle of those who are either demanding equality and parity or else demanding CLC because then figures of membership displayed through check off system and number of employees who remained on strike on call given by UFBU would be a deciding factor.
So if you want to agitate over your demands of equality and parity or CPC, the first challenge before you is to record your dissatisfaction, disagreement and annoyance over the demand of UFBU of indulging into percentage increase game and challenging the authority of retired leaders to negotiate on your behalf.
It would be appropriate to flood email of Dy. CLC Mumbai with copy forwarded to CLC to record your your disagreement. Not only this, immediate concerted efforts must be made to get signed a letter of disagreement signed by as many of your colleagues at work place as possible. For this purpose we are giving hereunder a draft of letter along with email ids Dy. Chief Labour Commissioner (Central) Mumbai, email id of CLC as also address of Dy. Chief Labour Commissioner, Mumbai.
Email id of Dy. Chief Labour Commissioner, Mumbai
dclcmumbai@gmail.com
Address of Dy. CLC, Mumbai
Shram Raksha Bhawan, 1st Floor, Opp. Priyadarshini, Shiv Shrushti Road, Eastern Express Highway, Sion, Mumbai-4000022
Email id of CLC :
bk.sanwariya@nic.in
Act now before its too late. Ensure that not only you have sent this letter but each and every friend of you in banking industry.
The Dy. Chief Labour Commissioner (Central),
Government of India, Ministry of Labour,
Mumbai
Dear Sir,
Reg: Conciliation proceedings to be held by you between Indian Banks Association and Representatives of various unions on 17th December 2014 at your office
I am given to understand that you will be holding conciliation proceedings between the parties involved in the dispute relating to revision of pay scales of Bank Employees which is due and pending since 1st November 2012.
I, irrespective of my union affiliation, wish to record my dissatisfaction and disagreement on the demands put forth by the representatives of the employees and the percentage increase game they are playing with Indian Banks Association for more than last two years instead of demanding equality in Salary, Pension and number of days per week working at par with Central Government and other public Sector Employees because of the following reasons:
(1) Most of the representatives representing Unions are persons retired from the services of banks and HAVE ceased to be members of the unions and consequently posts they held in unions as per constitution of union.
(2) They have not taken any mandate in the general body meetings of the union to represent bank employees at the industry level talks with regard to wage revision.
(3) The demand put forth by them DOES NOT TRULY REFLECT and meet the aspirations and wishes of majority of bank employees. While majority of bank employees demand parity in wages with Central Government and other Public Sector Employees which were granted to them by Sastry Award, Desai Award and which they have been enjoying for a long time, these leaders are bargaining and negotiating on percentage increase in salaries.
I do sincerely believe that the main purpose of holding the present conciliation proceedings is to maintain industrial peace and harmony in the banking industry and I am of the firm opinion that this purpose CANNOT be achieved by holding conciliation proceedings with those who DO NOT enjoy support of the majority of bank employees. In order to achieve the purpose of maintenance of industrial peace and harmony, it would be better to have a referendum on the points mentioned herein above and the cost involved in referendum may be shared in equal proportion by both the management and employees.
UNDER THE ABOVE CIRCUMSTANCES, I HUMBLY REQUEST YOU TO DEMAND FROM these retired persons to place before you the authority and the mandate to represent union in accordance with the provisions made in the constitution of the union for the purpose of negotiations and also to refrain from exploring the possibility of any settlement with them
Yours Sincerely
Name:
Bank Name
Branch Name
Employee No.
Date
On Sunday, December 14, 2014 2:18:50 PM UTC-5, PM wrote:
cpvnair
New trends emerging in the history of BPS.Such efforts would spoil the common interest of bank employees.
warm reg
CPVNAIR
From:
bankpe...@googlegroups.com [mailto:bankpe...@googlegroups.com] On
Behalf Of PM
Sent: Wednesday, December 17, 2014 4:03 AM
To: bankpe...@googlegroups.com
Subject: bankpensioner Re: 10th BIPARTITE WAGE REVISION TALKS
ATTEMPT TO SABOTAGE CLC- MEET BY ANTI PENSIONERS
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PM
PM
cpvnair
LET US MARCH AHEAD TO VICTORY!
Warm reg
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PM
FOUR DAYS STRIKE FROM 21st JANUARY to 24th JANUARY 2015
and if the issue remained still unresolved
INDEFINITE STRIKE FROM 16th MARCH 2015
************
Press Release: 17th Dec'14.
The wage revision of the Bank employees and officers has become due from November 2012
as the earlier Five Year Settlement expired on 31.10.2012.
The charter of demands has been submitted well in time and so far 15 rounds of bilateral negotiations have been conducted between UFBU (United Forum of Bank Unions), an umbrella organization of Nine Unions of workmen and officers representing 98% of the work force and IBA (Indian Banks’ Association), the body of the Management of all the Banks.
So far Five days Strike have been observed in
December 2013 (one day),
Feb 2014 (2 days),
November 2014 (one day) and
relay strike in Dec 2014 (1 day).
But both the previous UPA Government and the present NDA Government have been adamant not to concede the reasonable demands of the Bank Staff.
Thus despite all the efforts and exhibition of flexible approach on the part of the work force to settle the demands through peaceful negotiations, the obstinate and adamant stand of the IBA and the Government have forced the
Bank employees and officers to resort to agitation and strikes repeatedly.
While the UFBU scaled down its demand from 25%f to 23% of the pay slip component, the IBA did not move upwards from the 11% from June 2014. It is worthwhile to note that during the earlier wage revision there was an increase of 17.5% on the total load of the wages.
The important demands of the work force include
drastic improvement of Pension scheme including Pension updation,
scrapping of New Pension Scheme,
Regulated working hours for officers,
five days banking etc.
But IBA keeps on repeating its anti-employees demands like power to transfer workmen anywhere in the State,
Cost to Company including introduction of variable pay, power to proceed against the employee even after retirement,
power to prematurely retire an employee after 30 years of service or 55 years of age
whichever is earlier etc.
Therefore the UFBU which met at Mumbai today has decided to call for
ONE DAY STRIKE ON 7th JANUARY 2015
FOUR DAYS STRIKE FROM 21st JANUARY to 24th JANUARY 2015
and if the issue remained still unresolved
INDEFINITE STRIKE FROM 16th MARCH 2015
Thus Ten Lakhs Bank employees and officers working in more than 85000 Branches all over the country will observe the strike as per the call of the UFBU.
This series of strikes has been forced upon the Bank employees and officers. We regret the inconvenience that may be caused to the customers due to this strike and request the general public to support the just cause of the Bank employees and officers."
(C P KRISHNAN)
General Secretary'
On Sunday, December 14, 2014 2:18:50 PM UTC-5, PM wrote:
PM
On Sunday, December 14, 2014 2:18:50 PM UTC-5, PM wrote:
Gopalakrishnan Ramachandran
Dear PM,
In the likely situation, how much will be the applicable DA? If that is also worked out, we can know the likely increase on both counts(40% or 50%).
G.Ramachandran
CB-SVRS.
Dear Friends,We write/discuss about 11% wage increase offered by IBA to employees and , demand for pension updation as in the case of Central Govt etc to retirees.How it will look in actual position? See below:-
PRESENT ON MERGER BASIC B P ON BP IF FINAL BP WHEN AGREE FOR PENSION UPDATION BASIC PAY OF CPI 4440 PAY ON 11% 23% As per 10th B.PENSION BASIC PENSIN (Offi) 60.15% INCREASE INCREASE B P S If 50% If 40% ![]()
9th BPS (Agreed by UFBU) Offer IBA Demand UFBU to arrive yet ** ** on 11% ** 14500 8721.75 23221.75 25776 28562 ??? 12888 10306
UNDER SAME SCALE IN EARLIER BPS Vth BPS VI VII VIII 2100 4250 7100 10000
Let us hope that all struggles and intensified agitations of employees including our support are moving in right direction and will conclude in early 2015, with a reasonable wage revision to employees as well as resolution of retirees major issues under ongoing 10th BPS process.
On Sunday, December 14, 2014 2:18:50 PM UTC-5, PM wrote:
cpvnair
Yes, if not in 2015, NEVER.If pension updation does not take place now, we need not expect it in future.The real phase of agitation has started. LET US RALLY AROUND THE MIGHTY,UNITED UFBU.
warm reg
CPVNAIR
From:
bankpe...@googlegroups.com [mailto:bankpe...@googlegroups.com] On
Behalf Of PM
Sent: Friday, December 19, 2014 12:06 AM
To: bankpe...@googlegroups.com
Subject: bankpensioner Re: 10th BIPARTITE WAGE REVISION TALKS
Dear Friends,
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mohan p
basha4441
Possibility for 40% pension fixation on the proposed revised basic pay may not be correct.
If that is the case, negative returns will come.
So, 50% must be continued.
Please check up and confirm.
s m basha
cpvnair
If the updation-if available to us from the 5th/6th BPS- is implemented as in the case of central govt retirees, our basic pay would be refixed as if we were in service today.From this figure, the present basic pension would be arrived at and the DA therof. If updation takes place, the slab system would go away and all the pensioners would be paid at uniform rate.Shri PMji would be able to throw much light on this.
warm reg
CPVNAIR
From: bankpe...@googlegroups.com [mailto:bankpe...@googlegroups.com] On Behalf Of Gopalakrishnan Ramachandran
Sent: Friday, December 19, 2014 8:13 AM
To: bankpe...@googlegroups.com
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Error! Filename not specified.
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L S RAMAN
mohan p
mohan p
mohan p
PM
Dear Friends,
UFBU Circular No UFBU/2014/40 dated 18.12.2014,addressed its affiliates is reproduced here under for information:
" At the call of Dy. Chief Labour Commissioner (Central), Mumbai, one more Round of conciliation was held at Mumbai on 17th December 2014, wherein the IBA expressed its inability to move upwards in its offer of increase in wages.
Further, IBA informed that it has asked all the Banks to revisit the mandate given to IBA earlier to negotiate with unions on wage revision. UFBU firmly protested the action of IBA in calling for re-visiting the mandate and termed it as /unwarranted instigation and provocation, which would further complicate The process of wage negotiations. The conciliation ended inconclusive.
Subsequent to the conciliation process, the representatives of constituent unions of UFBU met to chalk out further course of action. The meeting was presided over by Com. SU. Deshpande (NOBO) as Com. K K Nair could not be present in the meeting.
The meeting observed a minute’s silence to condole the deaths of Com. N Sampath, former President of AIBEA, Justice V R Krishna Iyer and the innocent children brutally killed in the inhuman terrorist attack in the Peshawar school in Pakistan.
bhaskara sarma
cpvnair
It is ridiculous to note the tone and tenor of the 'revisit of mandate' at this juncture after wasting so much time. Why is the govt not coming out in helping the ailing bank employees/retirees? Why does the IBA resort to its firm stand in this BPS talks?I feel that the employees/retirees have to prepare for a long fight!
warm reg
CPVNAIR
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K Balasubramanian
Govt IBA combine are working in a different unknown agenda may be political also which they only know and they will make the bank men tired and helpless by adopting these types of tough postures
They know very well about the genuineness. Dividing and weakening the bankmen unity like youngsters vs old guards. Officers vs workmen.weak banks vs strong banks. Capacity to pay card. Revisiting the mandate. In this dirty game the operation also may not be success.patient also will undergo tortures. Industry will move fast towards sickness and the institutional doctors like iBA. DFS etc will blame the employees only at that time also.Why people are unable to meet modi or jaitley or the trade union wing of the bjp .some personal intervention make some sense rather than the strike threat. Maturity is required at IBA level .
K baladubramanian
basha4441
Dear Sir,
Let 100 people think in 1000 ways. As long as the UFBU is united, no body can do anything. The present members in the partner unions of UFBU must realize this and proceed further as per the call given at apex level.
People should stop blaming IBA very casually. Afterall they are also nothing but experienced bankers and matured administrators. We must know the forces and factors behind IBA and if possible let us try to drag them to streets.
The trade unions affiliated to BJP, Modi and Jaitley know pretty well about the current crisis. Unless and otherwise their brand is established here they won’t come to our rescue.
Approaching a minority trade union by the mountain like UFBU is nothing but suicidal. The matured leadership of UFBU will definitely succeed in the coming days. Let us understand their game plan and try to implement the action plan. Success will be ours. Pension will be updated and X BPS will be signed shortly as demanded by us.
S m basha
harinarayana sarma nandivada
From: K Balasubramanian <kba...@gmail.com>
To: bankpensioner google <bankpe...@googlegroups.com>
Sent: Saturday, 20 December 2014, 15:54
Subject: RE: bankpensioner Re: 10th BIPARTITE WAGE REVISION TALKS
cpvnair
Many ways of managing-divide and rule,make the situation cloudy,simply sit idle,pretend to depend on 'profits' etc.
warm reg
CPVNAIR
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giris...@yahoo.co.in
PM
The United Forum of Bank Unions (UBFU) has called for an all-India strike on January 7. Expressing its resentment over IBA’s casual attitude and the Government’s lack of response to the union’s demand for an immediate and reasonable wage settlement, the All India Bank Employees’ Association General Secretary CH Venkatachalam said that the Forum has decided to protest including holding mass demonstration at all centres on December 30.
Black badge protestThis will befollowed by black badge protest on January 5, 2015,mass demonstrations/procession and rallies the following day and culminating in all-India strike on January 7. The forum has decided to further intensify its protest by calling for a four days continuous strike between January 21 and 24 and indefinite strike from March 16.
Hits out at IBACondemning the action of the IBA in directing the banks to revisit the mandate given to it (IBA) earlier as ‘nothing but a ploy to delay the wage revision negotiation process’, Venkatachalam said, “IBA is sticking to its offer of 11 per cent increase in pay slip component.”
But, the IBA chief Mohan V Tanksale, who was in the city to moderate a panel discussion on the implication of Performance Management System in traditional private banks in the context of Gopalakrishna Committee Report on “Capacity and Competence Building in Traditional Private Banks” said that a settlement has to happen and the IBA is ready to sit and resolve the issue.
“We are willing to negotiate. But 23 per cent increase seems quite unreasonable,” he said.
PM
The All-India Reserve Bank Employees Association and the All-India Reserve Bank Workers’ Federation have urged the RBI Governor to intervene to bring peace in the banking sector, stating that the RBI cannot remain a mute spectator.
The Association and Federation advised units to observe peaceful and organised action in all RBI offices and liaise with units of the United Forum in the run-up to the strike.
“We have got an important stake in bank employees’ success and achievements. Their settlement has provided us the basis of our wage negotiations, which are pending,” said Samir Ghosh and SV Mahadik, RBI employee union leaders.
“Indian Banks’ Association has created a desperate situation for bank employees whose patience has run out. The Government is silent, unconcerned about the turmoil in this sensitive sector and the plight of millions of customers.”
Bankers have made huge profits in 2012, 2013 and 2014 from the toil and sweat of employees. But they refuse to give them a modest wage increase forcing them to strike work off and on, the leaders noted.
-Hindu Businessline.
bhaskara sarma
OM PRAKASH SHARMA
L S RAMAN
PM
Negotiate, don’t agitate: IBA to unions
The Association says 17.5% hike in the previous settlement was an exception
In the ongoing tug-of-war between unions and bank managements on the issue of wage revision, the Indian Banks’ Association has weighed in saying that the previous bipartite wage settlement was an exception as compared to earlier settlements and cannot be quoted as precedent.
Wage issuesThis observation by IBA, which is the representative body of banks, comes in the backdrop of the 10th bipartite wage settlement in the banking sector being delayed for more than two years and unions, representing the interests of about 10 lakh employees, deciding to intensify their agitation for a wage hike.
According to the unions’ game plan, bank employees will not report to work for five days — January 7, and January 21 to 24 — next month to press their demand for a wage hike. If bank managements do not settle the issue of wage revision in January-February then the unions have threatened to go on an indefinite strike from mid-March.
While bank managements are willing to offer 11 per cent wage hike, the expectation of the unions is for a 25 per cent (negotiable to 23 per cent) wage hike.
In the previous (9th) bipartite wage settlement, covering 2007-2012, an average wage hike of around 17.5 per cent was given.
AbberationPointing out that in the past seventh and eighth bipartite settlements, the wage increase was between 10 per cent and 13 per cent, the IBA, in a statement quoting its Chief Executive MV Tanksale, said, “The ninth bipartite settlement was an exception…
“In the current wage settlement, a hike of 11 per cent 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, translating into 12.5 per cent on the balance sheet cost. This too is unaffordable to some of the banks.”
Back to the tableThe Association said the issues regarding wage negotiation deliberated in the Negotiating Committee of the IBA were further discussed in a larger forum — Managing Committee of IBA — and the Chairmen of all the banks felt the demand for 23 per cent increase made by the Unions/Associations is unaffordable, illogical, exorbitant and irrational.
While IBA has appealed to the Unions/Associations to give up the agitation and return to negotiations to resolve the wage revision issue, unions don’t seem to be in a mood to relent.
Vishwas Utagi, General Secretary, Maharashtra State Bank Employees Federation, said bank managements are stonewalling employees’ demands for a wage hike by citing profitability constraints, the need to shore up capital for meeting the new Basel regulatory standard, and the provisioning burden.
“Bank employees are not responsible for the bad loans that have accumulated in the banking system.
In fact, they have helped banks grow their business and profitability. So, there is no reason why bank managements should deny our demands,” he said
-Hindu Businessline 24th Dec
harinarayana sarma nandivada
From: bhaskara sarma <pbsa...@gmail.com>
To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com>
Sent: Wednesday, 24 December 2014, 7:55
Subject: Re: bankpensioner Re: 10th BIPARTITE WAGE REVISION TALKS
K Balasubramanian
Negotiations for more than two years making the unions frustrated is a shameful act by IBA
Now where is the face to call them to talks. The offer by IBA is no where near the demand. The demand itself is not sufficient
All wilful defaults faudulent loans are not created by. 99 percent of the employees. King fisher NPA is more than sufficient to meet two settlement
Let the capacity to pay salary can be arrived before provision. Simply allowing a grade pay of 30 percent and hra as per government salary make the employees pay packet higher
Settle the issue. With 23 prercrnt hike
Government paying huge salaries by taxation and other income from dividends including from banks and public debt
What is the measure for paying capacity
Banks are having capacity to even ,100 percent increase and also full pension as per government if there is honest measures to see nil. NPA and punish the wilful borrowers and non interference of govt in banks lending policies which should be commercially viable and to be decided by a policy making body by RBI. Mof. Using banks funds for vote bank politics should be stopped
At least in the January I St week conclave. LetPM can analyse all the aspects and directIBA to allow ,23 percent increase and appoint a committee headed by our beloved RBI governor andSBI. Chairperson
Let us hope what is in store for the bankmen and pensioners.
Kbalasubramanian
L S RAMAN
giris...@yahoo.co.in
| From: PM Sent: Thursday, 25 December 2014 08:27 |
Reply To: bankpe...@googlegroups.com |
Subject: bankpensioner Re: 10th BIPARTITE WAGE REVISION TALKS |
OM PRAKASH SHARMA
Dear Friends,
Wages in the Government undertakings whether owned by GOI or State Governments are never linked with the profitability of the respective institutions. In my view, there are no such undertakings in our country, where the wage revision is linked with profitability. Let UBFU ask IBA to submit the list of such Government undertakings, which have linked the wage revision to the profitability.
However, there might be certain undertakings, which have to provide goods or services to public at large at concessional/subsidized rates and in such cases; Government of India comes forward to provide relief and reprieve to such Government Undertakings so that they could maintain their profitability. Many oil companies which are also GOI undertakings are paying much more wages to their employees.
Although IBA is headed by experienced executives but the way they have been dealing with UBFU in various meetings of the bipartite wage settlement suggests that they are just beating about the bush and are not serious to settle wage revision which has become due for the last more than 2 years. For the first time, they have indicated to call for the views of the CMD’s of individual banks, which is an autocratic, tyrannical and repressive move on the part of the IBA and is an attempt to drag further the settlement process. This motive is uncalled for and IBA must withdraw this move unconditionally. Further, this has been strongly, stalwartly & sturdily opposed by UBFU and as a consequence of which UBFU has come out with an indefinite & indeterminate strike in the entire banking Industry.
IBA has never made an attempt to find out the reasons, causes, events and intentions for degeneration, decay and decline in the profitability of some of the Public Sector Banks. Let IBA/MOF examine the following reasons and make guidelines for applying brakes to the erosion in profitability of the Public Sector Banks.
1. Firstly,
Public Sector banks have to provide many services to the public at large, for
which banks have to spend lot of expenses, while the revenues from these
services is just abysmal. The latest example of such services is Jan Dhan Yojana
initiated by the GOI. GOI must bear the
cost of extra load being put on the banks on account of handling such
remunerative business.
2. Secondly, Public Sector Banks have to make Priority sector advances under various schemes of the GOI, where the chances of recovery is poor and eventually such advances erode the profitability of the Public Sector Banks and this is the reason that the Private Sector bank hesitate to sanction advances under the Priority Sector and consequently the profitability eve of Private Sector banks is good.
3. Thirdly, there is corruption in the Public Sector Banks at top most level, while the counter parts in the Private Sector Banks are not involved in corruption, since their pay scales are much higher than the Public Sector banks. If pay scales in the Public Sector Banks are improved, corruption in the public sector will come down drastically and the profitability of the Public Sector Banks would improve in the long run.
4. Fourthly, CMD/ED’s in the banks are appointed by MOF/GOI and few of these top most officers dictate selected Regional Heads of the banks to consider loans cases for poor rated borrowers and all such cases recommended verbally by some of the CMD’s/ED’s are declared NPA’s within a period of 12-18 month from the date of sanction. These selected Regional Heads in most the banks come under the dictation & influence of their respective CMD’s/ED’s.
5. Fifthly, when such selected Regional Heads of the banks obey to their respective CMD’s/ED’s, they become closer to their top bosses appointed by the MOF and in this process such selected Regional heads become careless, inconsiderate, insensitive, casual and rash and sanction Loans under their discretionary powers to weaker borrowers and later such accounts become NPA. In every banks, there are 20% such Regional Heads who become blue eyed boys of their respective CMD’s/ED’s and this nexus between CMD/ED and such selected Regional heads creates NPA in the banking Industry.
I am also suggesting the following course of actions to be taken by the MOF/RBI so that the level of NPA’s in the banking Industry come down and profitability of the Public Sector Banks improves significantly.
a. In
case of Jan Dhan Yojana, GOI must bear the cost of handling such vast number of
unproductive accounts. Similarly, for all other schemes, which are imposed upon
the banks, GOI must bear the handing cost. It is expected that handling charges
in this regard can generate revenues of Rs. 2000 crores every year for the
Public Sector banks.
b. In case of Priority Sector advances, GOI must reimburse every bank to the tune of 1% of the outstanding Priority Sector advances. This can generate income of several thousand crores in the banking industry.
c. The wage structure in the Public Sector Banks should be improved upon in way that it is much better than the Private Banks to contain the level of corruption at the highest level.
d. In the event, CMD’s/ED’s who are the employees of MOF do not mix up with few selected Regional heads of the banks, it is expected that NPA level in the banking industry will come down drastically and profitability of the banks would improve phenomenally. Let the MOF/RBI analyse NPA borrowers of all the banks and fix staff accountability and punish CMD/ED and those selected Regional Heads who are instrumental in creation of NPA’s in the banking Industry.
e. Since these NPA’s have been created by CMD’s/ED’s who have been the employees of MOF, it becomes incumbent on the part of the MOF to remit funds to all the respective banks for making provisions for such NPA accounts as per prudential Norms. The funds so remitted by MOF will be credited to the income of those banks, since losses in this regard have been created by the so called employees of the MOF.
f. Recently one of the CMD was caught in bribery case and his services were terminated by the MOF. But this was not a wide-ranging and comprehensive solution to the problem that bank faced on account of the sad and wretched conduct of its CMD. This bank suffered colossal and titanic losses by the wretched stroke of the CMD & termination of the CMD is not a solution, rather MOF should look into such NPA accounts which were declared during the tenor of Mr Jain and fix up accountability of Mr Jain and reimburse the bank by remitting funds to that bank for making provisions for such NPA’s as per Prudential Norms and the the reimbursed amount can be credited to the income of that bank.
g. Since Principal is always responsible for the acts done by their agents as per Indian contract Act , MOF must make good the losses suffered by the respective banks in case of all NPA’s, which have been created due to feeble, frail and fragile appraisal accepted by the CMD’s/ED’s, while sanctioning loans to such borrowers. The staff accountability cells in all the Public Sector Banks never look to the staff accountability of the CMD’s/ED’s, rather just catch junior officers of the banks. It is suggested that MOF should appoint capable retired personnel from different banks to prepare staff accountability of CMD’s/ED’s relating to all such NPA accounts above 25 crores. The staff accountability reports should be submitted direct to the MOF by the retired personnel appointed by the MOF and based upon the observations, suitable action must be taken against the CMD/ED and other top most officers of the banks.
h. MOF can also create one staff accountability cell in the Ministry, where trained retired bank officials can be appointed. I am advocating for retired bank officers, since they will not come under the influence of CMD’s/ED’s.
i. The above exercise of carrying out the staff accountability of NPA accounts above 25 crores declared right from the year 2009-10. It is expected that the banks would get revenues to the tune of thousands of crores rupees every year, which will be enough to take care of the wage revisions and pension updation of the retirees.
O.P. SHARMA
K V Venkataramana
OM PRAKASH SHARMA
Sugumar Iyer
bhaskara sarma
OM PRAKASH SHARMA
L S RAMAN
OM PRAKASH SHARMA
OM PRAKASH SHARMA
Dear Sir,
Sub: Suggestions to UBFU for discussions with IBA/MOF
Wages in the Government undertakings whether owned by GOI or State Governments are never linked with the profitability of the respective institutions. In my view, there are no such Government Undertakings in our country, where the wage revision is linked with the profitability. IBA is unnecessarily linking the wage revision with the profitability of the banking industry. Let UBFU ask IBA to submit the list of such Government undertakings, which have linked its wage revision to its profitability. Needles to mention that the banking industry is still having good profits even after making provisions for bad & doubtful debts and is enough to take care of the demands proposed in the ensuing 10the Bipartite Settlement both for existing employees and the pensioners.
Further, there might be certain Government undertakings, which have to provide goods or services to public at large at concessional/subsidized rates and in such cases; Government of India comes forward to provide relief and reprieve to such Government Undertakings so that they could maintain their profitability. To quote, many oil companies (GOI undertakings) even when in deep losses, had paid wages to their employees, which are far greater than what their counter parts in the banking industry are getting. The moot question here is why MOF/GOI is giving step motherly treatment to the employees /pensioners of the Banking Industry.
Although IBA is headed by experienced executives but the way they have been dealing with UBFU in various meetings of the 10 th Bipartite wage settlement suggests that they are just beating about the bush and are not serious to settle wage revision which has become due for the last more than 2 years. For the first time, they have indicated to call for the views of the CMD’s of individual banks, which is an autocratic, tyrannical and repressive move on the part of the IBA and is an attempt to drag further the settlement process. This motive is uncalled for and IBA must withdraw this move unconditionally. Further, this has been strongly, stalwartly & sturdily opposed by UBFU and as a consequence of which UBFU has come out with an indefinite & indeterminate strike in the entire banking Industry.
IBA has never made an attempt to find out the reasons, causes, events and intentions for degeneration, decay and decline in the profitability of Public Sector Banks. Let IBA/MOF examine the following reasons and make guidelines for applying brakes to the erosion in profitability of the Public Sector Banks.
1. Firstly, Public Sector banks have to provide many services to the public at large, for which banks have to spend lot of expenses, while the revenues from these services is just abysmal. The latest example of such services is Jan Dhan Yojana initiated by the GOI. GOI must bear the cost of extra load being put on the banks on account of handling such remunerative business.
2. Secondly, Public Sector Banks have to make Priority sector advances under various schemes of the GOI, where the chances of recovery is poor and eventually such advances erode the profitability of the Public Sector Banks and this is the reason that the Private Sector bank hesitate to sanction advances under the Priority Sector and consequently the profitability of Private Sector banks is better than Public Sector Banks.
3. Thirdly, there is corruption in the Public Sector Banks at top most level, while the counter parts in the Private Sector Banks are not involved in corruption to that extent, since their pay scales are much higher than the Public Sector banks. If pay scales in the Public Sector Banks are improved, corruption in the public sector will come down drastically and the profitability of the Public Sector Banks would improve in the long run.
4. Fourthly, CMD/ED’s in the banks are appointed by MOF/GOI and few of these top most officers dictate selected Regional Heads of their respective banks to consider loans cases for poor rated borrowers and all such cases recommended verbally by some of these CMD’s/ED’s get classified as NPA’s within a period of 12-18 month from the date of sanction. These selected Regional Heads in most the banks come under the dictation & influence of their respective CMD’s/ED’s.
5. Fifthly, when such selected Regional Heads of the banks obey to their respective CMD’s/ED’s, they become closer to their top bosses appointed by the MOF/GOI and in this process such selected Regional heads become careless, inconsiderate, insensitive, casual and rash and sanction Loans under their discretionary powers to poorly rated borrowers and later such accounts become NPA. In every banks, there are 15-20% such Regional Heads who become blue eyed boys of their respective CMD’s/ED’s and this nexus between CMD/ED and such selected Regional heads creates NPA in the banking Industry.
6. In my opinion 80% of the NPA’s in the banking Industry fall within the above category, while the strength of such erring officials hovers around 150-200 in the entire Public Sector Banks while TEN LACS employees of the banking industry have been suffering at the hands of IBA, during the last 2 decades since their pay scales have come down by 50% in comparison to their counter parts in the Central Government.
I am also suggesting the following course of actions to be taken by the MOF/GOI so that the level of NPA’s in the banking Industry come down and profitability of the Public Sector Banks improves significantly.
a. In case of Jan Dhan Yojana, GOI must bear the cost of handling such vast number of unproductive accounts. Similarly, for all other schemes, which are imposed upon the Public Sector Banks, GOI must bear the handing cost. It is expected that handling charges in this regard can generate revenues of Rs. 2000 crores every year for the Public Sector Banks.
b. In case of Priority Sector advances, GOI must reimburse every bank to the tune of 1% of the outstanding Priority Sector advances. This alone can generate income of several thousand crores in the banking industry.
c. The wage structure in the Public Sector Banks should be improved upon in way that it is much better than the Private Banks to contain the level of corruption at the highest level.
d. In the event, CMD’s/ED’s who are the employees of MOF do not mix up with few selected Regional heads of the banks, it is expected that NPA level in the banking industry will come down drastically and profitability of the Public Sector Banks would improve phenomenally. Let the MOF/GOI/RBI analyse NPA borrowers of all the banks and fix staff accountability and punish not only the respective Regional Heads but also the CMD/ED who are instrumental in creation of NPA’s in the banking Industry. Just 150-200 bosses in the Public Sector Banks ( Few CMD+ Few ED+ Selected Regional Heads) have to be kept under special surveillance
e. Since these NPA’s have been created by CMD’s/ED’s who have been the employees of MOF/GOI, it becomes incumbent on the part of the MOF/GOI to remit funds to all the respective banks for making provisions for such NPA accounts as per prudential Norms. The funds so remitted by MOF will be credited to the income of those banks, since losses in this regard have been created by the so called employees of the MOF/GOI. These funds can come from the consolidated Fund of India, where the dividends paid by the Public Sector Banks to GOI are remitted.
f. Recently one of the CMD was caught in bribery case and his services were terminated by the MOF. But this was not a wide-ranging and comprehensive solution to the problem as that bank suffered colossal and titanic losses created by the wretched stroke of the CMD & termination of the CMD is not a solution, rather MOF/GOI should look into such NPA accounts which were declared during the tenor of Mr Jain and fix up accountability of Mr Jain and other erring officials and reimburse the bank by remitting funds from the Consolidated Fund of India to that bank for making provisions for such NPA’s as per Prudential Norms and the reimbursed amount should be credited to the income of that bank.
g. Since Principal is always responsible for the acts done by their agents as per Indian contract Act , MOF/GOI must make good the losses suffered by the respective banks in case of all NPA’s, which have been created due to feeble, frail and fragile appraisal accepted by the CMD’s/ED’s, while sanctioning loans to such poorly rated borrowers. The staff accountability cells in all the Public Sector Banks never look to the staff accountability of the CMD’s/ED’s, rather just catch junior officers of the banks. It is suggested that MOF/GOI should appoint capable retired personnel from different banks to prepare staff accountability of CMD’s/ED’s relating to all such NPA accounts above 25 crores. The staff accountability reports should be submitted direct to the MOF by the retired personnel appointed by the MOF and based upon the observations, suitable action must be taken against the CMD/ED and other top most officers of the banks.
h. MOF can also create one staff accountability cell in the Ministry of Finance, where trained retired bank officials can be appointed. I am advocating for retired bank officers, since they will not come under the influence of CMD’s/ED’s.
i. The above exercise of carrying out the staff accountability of NPA accounts above 25 crores should be declared right from the year 2009-10 onwards. It is expected that the banks would get revenues to the tune of thousands of crores rupees every year from the Consolidated Fund of India, as explained above.
j. Of late, it has been observed that MOF/GOI is too much liberal with the CMD/ED’s of the Public Sector Banks and in the event of acceptance of above suggestions, GOI will have to remit funds from the Consolidated Fund of India to the Public Sector Banks, on the lines as suggested above and accordingly GOI will feel the pinch and as consequence of which more and more CMD’s/ED’s will come under the scanner of MOF/GOI. I am sure that with this move & interchange in policy, the hard earned money of Public Sector Banks cornered by big corporates will come back to the Public Sector Banks and in that event, the profitability of the Public Sector Banks would be the realistic profitability since in the present scenario, the profitability of the banking sector is being tempered on account of undue shield provided by MOF/GOI overtly or covertly to erring CMD’s/ED’s, as evidenced from the fact that during the last 2 decades hardly such erring CMD’s/ED’s of the Public Sector Banks got any such punishment, rather many of them have been allowed to get retired gracefully.
O.P. SHARMA
PM
Further course of action depends on the outcome of... tomorrow's meeting with IBA.
Concialation talks with CLC ended and IBA called UFBU to have a round of talks tomorrow 06.1.2015 at Mumbai at 3.00 p.m.
PM
Vvns Varaprasadrao
Ramachandran Menon
PM
Discussions continued today with I.B.A.
U.F.B.U. insisted on further increase over 12.5%. I.B.A. wanted some more time. Sub committees formed to deal with other issues like medical scheme, 5 days' banking, regulated working hours, pension issue etc..
Next meeting to be fixed soon.
bhaskara sarma
cpvnair
THESE SHOULD BE HEARSAY NEWS!LET US WAIT.
warm reg
CPVNAIR
basha4441
s.m.basha
v.v. varkey
regards
v.v.varkey
From: cpvnai...@gmail.com
To: bankpe...@googlegroups.com
Subject: RE: bankpensioner Re: 10th BIPARTITE WAGE REVISION TALKS
Date: Wed, 7 Jan 2015 10:38:41 +0530
basha4441
Let the GOI, MOF and IBA prove that the wages paid to the bank employees are higher even with one rupee than any central or state government employees in terms of the workload performed and pressure undertaken by them. Bank employees job quality wise and quantity wise is many more times worth when compare to others. If all others does not know about this reality or not at least the working bank employees must know the worth of their services and demand the wages accordingly.
Every bank employee especially in officer cadre must review the value of their services in the present conditions and cooperate and motivate the leadership of their unions for better bargaining with IBA without compromising for whatever petty things (12.5%) offered by IBA.
s.m.basha
Sureshbhat M
cpvnair
EXACTLY.THIS IS THE GENERAL POLICY EVERYWHERE.IF YOU WANT 10, ASK FOR 20, SLOWLY COME DOWN TO 11 AT LEAST.In EVERY BARGAINING, THIS POLICY IS ADOPTED.NOBODY WOULD GIVE US WHAT WE ASK FOR.THIS TIME,I WILL NOT BE SURPRISED IF THINGS COME AROUND AT 14-15%.AFFAIRS ARE TOUGH AND IT IS BETTER TO SETTLE THE MATTERS TO THE 50%SATISFACTION.DO NOT BLAME THE ORGANISATIONS-WE SHOULD SEE THE FACT THAT AGITATIONS IN THE PRESENT CONTEXT, DO NOT PAY rich DIVIDENDS AS IN THE PAST.
warm reg
CPVNAIR
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basha4441
Reducing the demand levels by the unions is basing on so many things which are untimately for the benefit of all. But putting pressure by the members themselves for the least offered percentage is nothing but self suicidal. Let the unions decide logically. From the members side aims must always be on high side.
Like dissatifaction leads to frustration and frustration leads to revolution, compromisation leads to devolution and devolution to destabilisation and defamation.
s.m.basha
basha4441
VRS here means SVRS (Special Voluntary Retirement Scheme) and not general VRS.
Employees who retired under routine VRS must be eligible, if not all, at least for pension updation, as they have not received any extra amount like SVRS retirees.
s.m.basha
Dipak Kumar Nandy
v.v. varkey
1)accordingly the unions have presented a charter of demands,taking in to consideration the prevailing salary/service conditions available with similar organisations/general economic parameters.these demands are subject to negotiations,normally down wards on the principles of give and take.the union leaders/management team should have freedom/authority for that.other wise settlements are not possible.it is not possible/practical to argue/prove that" Bank employees job quality wise and quantity wise is many more times worth when compare to others. "at a negotiating table.all these aspects are taken in to consideration while framing the charter of demands.
2)all are for the best deal by way of total package once the settlement signed,but we should not/can not interfere at each and every step of the progress of the negotiation.our worth/value is not at stake,it is already established.we are now demanding for fair improvement on the existing service conditions including remuneration and other facilities as a package.all the best.
regards
v.v.varkey
Date: Thu, 8 Jan 2015 00:09:15 -0800
From: bash...@rediffmail.com
To: bankpe...@googlegroups.com
CC: vark...@hotmail.com
bhaskara sarma
cpvnair
LET US SEE WHAT TRANSPIRES IN DUE COURSE
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khutate Khutate
TO EXCLUDE SVRS RETIREES FROM PENSION REVISION/UPDATION THIS ALL IS AGAINST THE GOVT GUIDELINES AND SUPREME COURT JUDGEMENTS/OBSERVATIONS.
Subject: Introduction of a revised Voluntary Retirement Scheme (VRS).
The Government had announced a Voluntary Retirement Scheme (VRS) vide OM No. 2(36)/86-BPE(WC) dated 5th October, 1988. Government have revised the scheme to make it more efficacious having regard to both, the interests of the employees and the need to enable Public Sector Enterprises (PSEs) to rationalize their surplus manpower.
2. Enterprises which are financially sound and can sustain a scheme of VRS on their own surplus resources may devise and implement variants of the existing VRS cited in para 1 above. However, in no case shall the compensation exceed 60 days salary for each completed year of service or the salary for the number of months service left, whichever is less. Salary for the purpose of VRS shall consist of basic pay and DA only and no other element.
3. Enterprises that ma ke marginal profits or loss-making enterprises may adopt the revised scheme of VRS which is modelled on the Scheme that exists in the State of Gujarat. The details of the scheme are set out hereunder:
(i) The compensation will consist of salary of 35 days for every completed year of service and 25 days for the balance of service left until superannuation. The compensation will be subject to a minimum of Rs. 25,000/- or 250 days salary whichever is higher. However, this compensation shall not exceed the sum of the salary that the employee would draw at the prevailing level for the balance of the period left before superannuation.
(ii) Salary for purpose of VRS will consist of basic pay and DA only.
(iii) Arrears of wages due to revision etc. will not be included in computing the eligible amount.
(iv) Payment of bonus should conform to the provisions in the Bonus Act; Casual Leave may be encashed in proportionate measure upto the date of VRS.
4. A suitable variant of the arrangement in para 3 above may be developed by the Ministry of Textiles in respect of Textiles units subject to the conditions attached thereto.
5. For sick and unviable units, the VSS package of Department of Heavy Industry will be adopted. As a corollary, the VSS scheme may be modelled on Gujarat pattern and be made applicable as in para 3 above. However, employees would have to opt for VSS within 3 months from the date of offer failing which they would be eligible only for retrenchment compensation. The details of VSS are as under:-
(i) An employee would be entitled to an ex-gratia payment equivalent to 45 days emoluments (pay + DA) for each completed year of service or the monthly emolument at the time of retirement multiplied by the balance months of service left before the normal date of retirement, whichever is less;
(ii) All those who have completed not less than 30 years of service, will be eligible fo r a maximum of 60 (sixty) months salary/wage as compensation. This will be subject to the amount not exceeding the salary/wage for the balance period of service left (at the rate of monthly salary/wage at the time of voluntary retirement).
6. The compensation under VRS/VSS will be in addition to terminal benefits.
7. Employees of industrial cooperatives with Government equity participation and who are not members of the cooperative will also be covered under the VRS.
8. Budgetary support wi ll be provided to the marginally profit or loss making enterprises and to the sick enterprises for implementing VRS only in case bank credit is not available. The funds would normally be made available at the beginning of the financial year. However, before seeking budgetary support in cases of unviable/sick PSUs other sources of funding should be fully explored such as asset securitization and bank loans against Government guarantee for funding VRS/VSS.
9. VRS will be applicable to the permanent employees, badli workers, work charged established and temporary workers but not to the casual workers. There will be no recruitment against vacancies arising due to VRS.
10. It will be the responsibility of the concerned administrative Ministry to assist those opting for VRS in getting loans from banks for pursuing gainful self employment.
11. NRF in its present form will cease to exist. The funds required for retraining/ rehabilitation of employees availing of VRS will be placed with the Department of Public Enterprises under arrangements to be evolved.
12. In implementing the VRS scheme, managements shall ensure that it is extended primarily to such employees whose services may be dispensed without detriment to the company. Care will be exercised to ensure that highly skilled and qualified workers and staff are n ot given the option. As there shall be no recruitment against vacancies arising due to VRS – it is important that the organization is not denuded of talent. The managements of the PSUs shall introduce the VRS with the approval of their Boards and the administrative Ministries.
13. The administrative Ministries/Departments are requested to bring the details of the Voluntary Retirement Scheme and the Voluntary Separation Scheme to the notice of the Public Enterprises under their administrative control and to ensure that PSEs implement the schemes strictly in accordance with the provision set out herein.
14. This O.M. supersedes O.M. No. 2(36)/86-BPE(WC) dated 5th October, 1988 and subsequent circulars issued on the subject.
(OM No. 2(32)/97-DPE(WC)GL-XXII dated the 5th May, 2000)
*****
---------- Original message ----------
From:"basha4441"< bash...@rediffmail.com >
Date: 9 Jan 15 17:30:58
Subject: Re: bankpensioner Re: 10th BIPARTITE WAGE REVISION TALKS
To: bankpe...@googlegroups.com
VRS here means SVRS (Special Voluntary Retirement Scheme) and not general VRS.
Employees who retired under routine VRS must be eligible, if not all, at least for pension updation, as they have not received any extra amount like SVRS retirees.
s.m.basha
On Thursday, 8 January 2015 10:13:23 UTC, sureshbhat M wrote:
Dear Friends 08/01/2015TODAY (08/01/2015 FRONT PAGE) I READ IN KANNADA DAILY VIJAYA KARNATAKA THAT SUPREME COURT RULED AS - VRS RETIRED ARE NOT ELIGIBLE FOR ANY PENSION UPDATION UNDER " SAME PAY FOR SAME WORK' AND ONLY SUPER ANNUATED RETIREES ARE ELIGIBLE .THE REASON MENTIONED IS VRS OPTEES ALREADY RECEIVED HUGE AMOUNT IN EXCESS THAN NORMAL RETIREES.Please get full details and enlighten usWith regards
sures h Bhat M
On Wed, Jan 7, 2015 at 7:21 PM, basha4441
Dear Friends,In today's(6th Jan) talks with UFBU,held at Mumbai, IBA improved the offer to 12.5%.Talks will be continued tomorrow. Proposed strike of 7th Jan'15. has been deferred.
On Monday, January 5, 2015 5:14:57 PM UTC+5:30, PM wrote:
Dear Friends,In the conciliation meeting held today-5th Jan.15. by CLC at Delhi, IBA said it would hold negotiations with UFBU tomorrow at Mumbai to find amicable solution. UFBU agreed to attend the meeting.
Further course of action depends on the outcome of... tomorrow's meeting with IBA.
Concialation talks with CLC ended and IBA called UFBU to have a round of talks tomorrow 06.1.2015 at Mumbai at 3.00 p.m.
On Monday, December 15, 2014 12:48:50 AM UTC+5:30, PM wrote:
Dear Friends,After the one day strike and Zone wise strikes, of Bank Unions, few of us might have expected th atGovt /MOF/IBA will sort out the issues immediately and settlement will be arrived soon.In reality the situation is not so simple and settlement will move to next year.As reported,earlier, since IBA is adamant and has not changed it's stand on the earlier offer of 11% wage hike, despite reducing the demand by Unions to 23%.Such a situation unions have no other alternative than to intensify the agitation against Govt ,including indefinite strike.Before taking a final decision UFBU has to discuss with its nine affiliates all all aspects. Hence the meeting is scheduled on 17th Dec at Mumbai on the same day of conciliation proceedings.
Meanwhile,IBA has sought views of all member banks,on possible revised mandate on per centage of increase in wage.The question here is a consensus has to be arrived among banks on exact inc rease to be made in wages above 11% and then only IBA can inform UFBU on their new offer.These are time consuming matters.Unions too wanted to settle the wage revision early.
However unions also should have a consensus on to what extend they can reduce their demand, before meeting IBA on wage revision talks.That is not yet arrived yet.At the same four Officers organisations have already announced warm up exercises commencing from 16th Dec and where as other constituent and largest employees union is meeting only on 19th Dec at Mumbai to take stock of developments.Only the forthcoming meeting of UFBU scheduled to be held on 17th Dec at Mumbai will give an answer to their future action plan.
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basha4441
The proposed hike of 19.5% demand for X BPS will be around 5% of the above profits. Still, IBA is reluctant to consider this keeping in view of the increasing trend of NPAs for which employees are not at all responsible.
It is right time for UFBU to raise to the occassion and stick to 19.5% hike.
s.m.basha
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PM
Dear Friends,
The full Text of the Circular No.: UFBU / 2014 /43 dated 08.01.2015 on the captioned subject issued by Com. M.V. Murali, Convenor, UFBU for your information.
"Dear Comrades,
STRIKE ON 7TH JANUARY 2015 DEFERRED
NEGOTIATIONS WITH IBA CONTINUE
QUOTE:
“Further to the Strike Notice issued by the UFBU on 22nd December 2014, the Chief Labour Commissioner (Central), Government of India held a Conciliation Meeting at his office in New Delhi on 05-01-2015.
Conciliation Meeting by CLC on 5th January 2015:
In the conciliation meeting, we pointed out that the proposed strike actions of UFBU have been warranted due to the callous approach of the IBA in responding to our demands and being stagnant in their offer despite assurance from UFBU to have a flexible approach. We also strongly protested against the communication sent by IBA to Member Banks to re-visit the mandate if necessary.
IBA informed that they have sent the communication to the Banks in view of the observations made by some of the Banks during the Managing Committee Meeting and there was no intention to create any complications for the negotiations.
IBA also informed that they would hold bipartite negotiations on 6th instant at IBA office in Mumbai and invited UFBU to participate in the same. IBA also informed that efforts would be made to find out an amicable solution to take the negotiations forward. Hence it was decided to take part in the bipartite negotiations at Mumbai on 6th January, 2015.
Bipartite Meeting with IBA on 6th January 2015:
Another round of bipartite discussions took place between IBA and UFBU on 6th January 2015. IBA was led by Shri Rajeev Rishi, Chairman of the Negotiation Committee and other members and UFBU was represented by representatives of all its constituent units. Subsequent to prolonged discussions, arguments and deliberations for more than 3 hours, the IBA agreed to improve their earlier offer of 11% increase (Rs. 3465 crores) to 12.5 % increase ( Rs. 3938 crores ) in Payslip components. With the view to pave the way for arriving at a mutually acceptable level through further discussions, UFBU agreed to revise its demand to 19.5%. UFBU, however, clearly informed the IBA that their revised offer of 12.5% is quite inadequate and has substantially to be improved further. IBA informed us that they are willing to negotiate and improve the offer from 12.5% during further discussions.
Strike on 7th January 2015 deferred:
In view of this positive development, UFBU decided to defer the All India One Day Strike action on 7th January 2015. It was mutually agreed to continue the negotiations further on 7th January, 2015.
Bipartite Meeting with IBA on 7th January 2015:
In the bipartite discussions continued with the IBA on 7th January 2015, we insisted that IBA should further enhance their offer from 12.5% and also reach conclusion of reasonable settlement within short time-frame. IBA informed us that they would also like to continue the discussions at regular and frequent intervals to ensure completion of the entire process by middle of February, 2015. IBA, however, informed that they need some time for discussion amongst themselves on the revised offer of increase and wanted UFBU also to revise its demand to reach a mutually acceptable position.
Regarding other important issues raised by UFBU, it was decided that Sub-Committees would be formed to discuss the following issues:
Revised scheme on 100% hospitalisation expenses reimbursement scheme to employees/family members without any ceiling;
Modifications in Officers Disciplinary and Conduct Regulations suggested by the unions, regulated working hours for officers, 5 Day banking, etc,
Demands raised by the Workman Unions /Officers’ Organisations in the Charter.
Pension related demands:
We also raised the issues relating to improvements in Pension related demands like 100% DA for pre-Nov. 2002 pensioners, family pension formula, periodical updation
of pension, etc. We also suggested that DA upto 4440 points for all pensioners should be merged with Basic pension and a uniform DA formula to be applicable to all pensioners. We also demanded extension of DA linked pension scheme for employees recruited after April 2010. It was agreed to discuss all these issues further.
Bipartite discussions to continue:
To our suggestion that the meetings of the Sub-Committees should be held immediately without loss of time, IBA agreed to the same. To our demand for holding next round of negotiations at the earliest to carry forward the negotiations, IBA agreed and it was decided to fix up the dates looking at mutual convenience.
Comrades, while the negotiations have been brought back on the track due to our sustained and persistent struggles, no complacency should be entertained as further rounds of discussions would be extremely crucial to clinch the best deal possible and achieve a fair and reasonable wage revision for employees and officers. Given our past experience, we must also be guarded against any possible efforts by IBA that would delay the Settlement.
While UFBU would do its best to conclude a reasonable settlement as early as possible, we appeal to the membership to be in readiness to plunge into actions even at short notice, if the situation so warrants. Nothing should be taken for granted at this stage.”
Sd/-
(M.V. MURALI)
CONVENOR