What was the outcome of the meeting held on 8th sep'14 between IBA and the finance ministry! Any news on 100% DA neutralization ? Pl.inform us ....bankpensioner blogspot.com
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by Admin · September 8, 2014
A meeting concluded between Indian Bank Association (IBA) which represents management of Indian Banks and Mr. G S
Sandhu, Secretary ( Financial Services) in light of Prime Minister instructions to fast conclude the 10th Bipartite settlement today at New Delhi.
The discussion point was, to decide approach IBA should adopt before
United Forum of Bank Unions (UFBU) during its forthcoming meeting on
17th of this month at Mumbai.
The continued insistence of Prime Minister Shri. Narendra Modi to bestow a sincere deal to the bankers for much delayed 10th Bipartite settlement, this meeting may prove to be a helpful episode. It is being reported that IBA has been asked to be more flexible in its approach and be accommodative while dealing with employees unions.
Nothing more has come out of this meeting and the approach of IBA while dealing with UFBU on 17th of this month will divulge the real conviction of government.
During the earlier negotiations, Indian Bank Association ( IBA) approved its earlier offer of 10% hike in cash component of salary to 11% (a shameful proposition) , which was finally rejected by the banks associations. Representatives of the United Forum of Bank Unions(UFBU) put their demand of 25% hike on pay scale components, which too was declined by the IBA. The bone of contention lies in the approach these two organizations are adopting to tackle the issue of pure and absolute hike in salary.
After failure of UFBU to get a honorable deal during last two wage revision settlement is mainly responsible for the wide gap created between the salaries of poor bankers and their counterparts in other governments and PSU’s employees.
What was the outcome of the meeting held on 8th sep'14 between IBA and the finance ministry! Any news on 100% DA neutralization ? Pl.inform us ....bankpensioner blogspot.com