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…
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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,…
Read article NO PROGRESS IN BANKERS WAGE REVISION TALKS…STALEMATE CONTINUES….
In today’s (November 15, 2019) negotiation with IBA, representatives of UFBU discussed various important issues like an increase in wage hike %, merging special allowance with basic pay, NPS at 14%, PLI, family pension, updation, retirees medical scheme, etc. On NPS at 14% IBA was positive. Cost implications on other issues were discussed. It was…
Read article Next round of bipartite talks with IBA on 15th Nov 2019
In a letter dated November 8, 2019, addressed to Shri. Sanjeev K Bandish convenor UFBU, S.K. Kakkar, Senior advisor of IBA invited the General Secretaries of constituents workmen Unions/Officers’ Associations for wage revision talks on Tuesday 15th November 2019 at 11.00 am in the committee room of IBA, World Trade Centre, Cuffe Parade, Mumbai-400 005.
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Dearness Allowance to Bank Officers from Nov.2019
On the basis of CPI data announced by the Labour Bureau for the months of July to September 2019, the average index number works out to 7311 (base 1960=100). It means 717 slabs DA on basic and special allowances for the bank staff. In other words, for the period of November 2019 to February 2020,…
Dearness allowance to Bank sub-staff from Nov.2019
On the basis of CPI data announced by the Labour Bureau for the months of July to September 2019, the average index number works out to 7311 (base 1960=100). It means 717 slabs DA on basic and special allowances for the bank staff. In other words, for the period of November 2019 to February 2020,…
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