Bank News: DFS instructs to conclude the next wage revision prior to the effective date i.e. 01.11.2017
11th Bipartite settlement – AIBEA submits broad summary of 40 points Common Charter of Demands – Bank Employees wages revision from Nov 2017
Dearness Relief payable for the period February 2017 to July 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia
National Organisation of Bank Workers vice president Ashwini Rana said there are certain jobs in banks whose tangible gain cannot be measured especially assisting staff.
The unions demanded compensation to the families of the persons and bank staff who lost their lives recently due to demonetisation.
Continuation of Medical Expenses Reimbursement Insurance Scheme for employees/officers who have retired after 1-10-2015.
AIBEA Circular on Compassionate ground appointments in the Banks – Bank Union writes to finance minister on the indifferent approach of Bank management in following decision of Govt
Dearness Allowance (DA) for Workmen and Officer Employees in banks for the months of August, September & October 2016
Dearness Relief payable for the period August 2016 to January 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86
Bank Employees are paid Dearness Allowance as compensation to inflationary trend in cost of living on the basis consumer price index for Industrial Workers with base year 1960=100. IBA has issued orders now for payment of DA for Bank Employees from February 2016
Bank Unions AIBOA, AIBEA has called for one day strike on 08.01.2016 following failure in the Bipartite talks with the SBI Management. These unions claim that Bank Management is adamant and doesn’t come forward to solve the issues pertaining IR and Pension.
While Central Government Employees DA is based on All India Consumer Price Index with base 2001=100, Bank Employees Dearness Allowance is determined on All India Consumer Price Index with base 1960=100
Govt accepted Wage Revision of Bank Employees (10th BPC) with effect from Nov 2012 – IBA clarifies now on various leave and allowance issues
Census 2011 data reveals that more cities merit re-classification for the purpose of HRA on account of increase in Population. AIBEA provides population criteria for re-classification cities for Higher HRA to Bank Employees
Finance has issued letter to IBA to the effect that it has no objection for revising the pay and allowances of Bank Employees and officers as per 10th Bipartite Wage Settlement with effect from 01.11.2012