Dearness allowance: DA chart on Special allowance of Bank Employees from February 2020 to April 2020
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…
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Dearness allowance: DA chart of Bank Sub-Staff from February 2020 to April 2020
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%)…
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13th January Bipartite talks between UFBU and IBA breaks down
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…
Read article Details of Wage Revision talks between UFBU and IBA (held on 5-12-2019)
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.…
Read article Bankers wage revision: Decisions at Core committee (workmen) meeting with IBA on 28.11.2019
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…
TAMILNADU STATE BANK HOLIDAYS 2020
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,…
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