Friday, January 23, 2015

Bank wage : IBA fixed date for next bipartite meeting : 03.02.2015

Meeting of sub committee on charter  of demands on workmen to be held on 30th January 2015 at Mumbai.
Following which IBA managing committee will meet on 31st January and  next bipartite meeting with UFBU will take place at Mumbai on 3rd February 2015.
News Provided by Mr Mohan P.

New series of Consumer Price Index from next month

Centre to release new series of Consumer Price Index next month

For presenting a more accurate and realistic price situation, the government will release next month a new series of Consumer Price Index (CPI) with 2012 as base year for computing the retail inflation rate.
The first series (revised) would be compiled for January, which will be released on February 12.
From January, 2016, onwards, inflation rates would be compiled using the actual CPI of the revised series, according to an official release “Now the CSO is in the process of revising the Base Year from 2010=100 to 2012=100,” it said adding that with this (base) revision, the gap between Price Reference Year (Base Year) and the Weight Reference Year has been minimised. Apart from base revision, a number of methodological improvements have been introduced in the revised series. — PTI

Thursday, January 22, 2015

Leaving warpath Bank unions prefer ministerial influence

A section of public sector bank employees unions yesterday met Minister of State for Finance Jayant Sinha to press for early wage revision. 

A meeting comes two day after the unions deferred their four-day strike that was to begin today as Indian Banks' Association (IBA) assured that wage issue will be resolved by the first week of February. 

National Organisation of Bank Workers and National Organisation of Bank Officers, under the leadership of Bhartiya Mazdoor Sangh .(BMS), met Sinha and submitted the memorandum on the demands of the bank employees, said a statement by the unions. 

Tuesday, January 20, 2015

Bank Strike postponed, but on which assurance from IBA and when ?

Four days' proposed strike has been deferred (or withdrawn) after much drama. The decision made public only on yesterday but perhaps decided a week earlier. Based on a letter from IBA addressed to Convenor, UFBU dated 13.01.2015, IBA stated that after the managing committee meeting scheduled on 31st January, in which the developments will be discussed and after that next bipartite meeting will be held on first week of February 2015. IBA also expressed it's eagerness to conclude the process within 15th of next month.
As no other assurance came from IBA after this letter dated 13th January 2015, It is widely believed that UFBU called the meeting for face saving on 19th January at Mumbai and only confirmed IBA’s instructions  dated 13.01.2015.
Click here for IBA's letter to Convenor, UFBU, dated 13th Jan'15
(Letter reproduced from Bankingonly.com)
Click here for AIBOC Circular dated 20.01.2015

Bank strike deferred again

As expected and widely discussed, proposed four days' bank strike scheduled to commence on 21st January 2015 deferred. The decision of postponement, possibly decided well in advance but declared late yesterday by UFBU.
Following is the official news from All India bank Officers Association.

"4 DAYS STRIKE PUT ON HOLD AS IBA ASSURED TO RESOLVE THE WAGE ISSUE BY THE FIRST WEEK OF FEBRUARY. IF THERE IS NO SATISFACTORY OUTCOME FRESH DATES FOR 4/5 DAY'S STRIKE ACTION IN FEBRUARY WOULD BE ANNOUNCED. "

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