Monday, November 17, 2014

CPI(M) backs bank staff plea for wage settlement

The Rajya Sabha MP and CPI(M) leader Sitaram Yechury has said that he will raise the issue of wage settlement of bank employees in the winter session of Parliament.
Inaugurating the fourth conference of the Karnataka chapter of Bank Employees Federation of India (BEFI) in Mangalore at the weekend, he said the issue of wage settlement has been dragging on for almost two years. (The last settlement between Indian Banks Association and bank unions expired in 2012)

Stating that the NDA Government at the Centre is no different from the previous UPA Government, he said the present government would find ways to delay the settlement. He congratulated the workforce in banks for maintaining unity.
Yechuri said the demand of the workforce in wage settlement is around 10 per cent of the profit of all the banks in the country. However, the banks are ready to use the profit for writing off NPAs. The NPAs amount to around 50 per cent of the profit of the banks, he said.
The NPAs created by corporate borrowers are written off, and at the same time farmers are resorting to suicides as the banks are not ready to waive their loans, he said.
Yechury said the economic reform plans of the government will not help the people in the country.
Urging the bank unions to continue their struggle on issues such as wage settlement, he said his party would continue to bring pressure on the government on this issue.

No comments :

Contact Us

Viewers may share any information with the administrator in this email
Any news, if approved, may be published in this blog under his /her name.
Related Posts with Thumbnails

Blog Archive

Bookmark This Page

Bookmark and Share
All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "" and I will remove it immediately on demand. All the other standard disclaimers also apply.