The average index number for October 2019 2019 to December 2019 works out to 7479. Therefore Bank Pensioners would get 78 slabs to increase as dearness relief for the half-year February 2020 to July 2020. The following chart shows the rate of dearness relief applicable to bank pensioners who have retired on various dates. Retired…
On the basis of CPI data announced by the Labour Bureau for the period of October 2019 to December 2019, the average index number works out to 74794 (base 1960=100) or 759 slabs for the above period. It means bank employees and officers are entitled for 759 slabs (75.90%) or enhancement of 42 slabs (4.20%)…
On the basis of CPI data announced by the Labour Bureau for the period of October 2019 to December 2019, the average index number works out to 7479 (base 1960=100) or 759 slabs for the above period. It means bank officers are entitled to 759 slabs (75.90%) or enhancement of 42 slabs (4.20%) dearness allowance…
On the basis of CPI data announced by the Labour Bureau for the period of October 2019 to December 2019, the average index number works out to 7479 (base 1960=100) or 759 slabs for the above period. It means bank employees are entitled to 759 slabs (75.90%) or enhancement of 42 slabs (4.20%) dearness allowance…
On the basis of CPI data announced by the Labour Bureau for the period of October 2019 to December 2019, the average index number works out to 7479 (base 1960=100) or 759 slabs for the above period. It means bank employees are entitled to 756 slabs (75.90%) or enhancement of 42 slabs (4.20%) dearness allowance…
On the basis of CPI data announced by the Labour Bureau for the period of October 2019 to December 2019, the average index number works out to 7464 (base 1960=100) or 759 slabs for the above period. It means sub-staff of bank employees are entitled to 759 slabs (75.90%) or enhancement of 42 slabs (4.20%)…
During the course of the bipartite talks on 13/01/2020, IBA went on the back foot on some of the issues, which was earlier considered positively. Initiating the prelude speech IBA Chairman Shri. Rajnish Kumar narrated the general scenario in the banking sector and the constraints under which all of us were working, particularly in the…
In today’s negotiation (5-12-2019) between UFBU and IBA, the following issues were discussed: Wage Revision UFBU: Unions demanded that the earlier offer of a 12% hike from IBA is not at all adequate and IBA should improve their offer. IBA: Looking at the various constraints of the bank’s profitability, it would be difficult to improve.…
The Core Committee (Workmen) of Unions held a meeting with IBA at Mumbai on 28.11.2019 and discussed the following matters. Consumer Price Index: The representatives of the Core Committee discussed Adoption of New Series of Consumer Price Index for calculation of D. A. The matter of new DA formula will be discussed and decided during…
Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The holiday declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In other States and Union territories where it is not a holiday,…