Delhi to scrap NPS, reintroduce old pension

Delhi Chief Minister Arvind Kejriwal announced Monday that the old pension scheme will be restored by his government and he will write to his counterparts in other states to follow the suit. He said a resolution to restore the old pension scheme in the city will be passed in a special session of the Legislative Assembly.
"It will then be sent to the Centre for approval. I will fight with the Centre to get it implemented," Kejriwal said while addressing a rally organised by the All Teachers, Employees Welfare Association (ATEWA) at Ramlila Ground here. He said that he will also speak to his counterparts in West Bengal, Kerala, Andhra Pradesh and Karnataka for implementation of the scheme.

Next Bank Bipartite meeting on 30th November 2018

Indian Bank Association (IBA) has called next meeting on 30th November 2018 for discussions on wage negotiation.
The wage revision by way of 11th bipartite settlement is due from 1st November 2017. Round of meetings of taken place between IBA and UFBU but nothing concrete have emerged.

In a letter written to United Forum of Bank Unions (UFBU), IBA informed that it has been decided to hold next meeting of Negotiation Committee of IBA with the representatives of Constinuent Workmen Unions/ Officers’ Associations on Friday, 30th November 2018 at 10.30 am in IBA Office, Mumbai.

Representatives of 9 Employee Unions/Associations to be part of the meeting including AIBEA, AIBOC,  NCBE, BEFI & NOBO.

Bank Bipartite : UFBU asks IBA to fix next round of meeting

United Forum of Bank Unions (UFBU) has requested the Indian Bankers' Association (IBA) for scheduling another meeting for early resolution of 11th Bipartite Wage Revision.  The wage revision for bank employees under 11th Bipartite is pending since 01st Nov 2017.

Last meeting was held in this regard on dated 12th October 2018 between UFBU and IBA.

BANK DA WILL GO UP WITH 66 SLABS AT 60.70% FROM NEXT QUARTER

Click here for IBA D.A. Circular
On release of All India Consumer Price Index Numbers for Industrial Workers (AICPIN(IW) Base Year 2001=100 for the month of September 2018, today, by Labour Bureau,Ministry of Labour and Employment,Govt of India, remain unchanged at 301 points  since last July’18.
            The confirmed average index for the quarter ended Sept’18,would be as follows:                      
                      2001=100                             1960=100

July,18            301                                     6870.60
Aug’18           301                                      6870.60
Sept’18           301                                      6870.60

             As such confirmed average index numbers  comes to 6870 and Dearness Allowance payable to Bank Staff for next  quarter- ie. Nov,Dec’18 and Jan’19 will have 66 slabs increase at the rate of 60.70%.(from existing 54.10%)

Average Index                            6870
Less merged Index xth BPS      4440
                                                   2430
Slabs                                            607
Increase 607-541 (previous)         66 Slabs.

Provided by MOHAN.P
(Please note that same has been predicted in the post last month )

Consumer Price Index for Industrial Workers (CPI-IW) - September, 2018

The All-India CPI-IW for September, 2018 remained stationary at 301 (three hundred and one). On 1-month percentage change, it remained static between August, 2018 and September,20l8 and it was also static between the corresponding months of previous year.

Bengal employees disappointed : Pay Commission tenure extended

The Mamata Banerjee government on Wednesday extended the tenure of the state’s Sixth Pay Commission by another six months, to the consternation of nearly 8 lakh employees many of whom had been hoping for a salary revision from January 2019.

The Sixth Pay Commission, set up on November 27, 2015, to recommend a revised salary scale, was to expire on November 26 this year. Since its formation, the commission’s tenure has been extended four times — by six months on completion of the first term, then by one year each on two occasions and now by another six months.
Click here for the Govt. resolution

“Extending the tenure of the pay commission by six months means state government employees will not get the benefits of a new salary structure in 2019. There had been hope that the government might do something for the employees, who are not getting dearness allowance on a par with their central counterparts,” a Nabanna official said.

Sources in the finance department said that although the chief minister was eager to offer some benefits to the employees ahead of the 2019 Lok Sabha polls, the condition of the state’s coffers did not allow her to pay anything over and above an 18 per cent dearness allowance hike from January 1 next year.

“This increase will take the DA component to 125 per cent of the basic pay. As this would require an additional Rs 5,400 crore annually, the state government is not in a position to offer anything more at this moment,” a finance department official said.

According to the sources in the finance department, implementation of the Sixth Pay Commission in Bengal in line with the Centre’s Seventh Pay Commission, which came into force in January 2016, would result in an additional outgo of around Rs 22,000 crore.

“The state is not in a situation to shoulder the burden. So, the tenure of the pay commission had to be extended,” another official said.

Employees’ unions said the decision was an “injustice” to Bengal government staff as the majority of the states have already implemented revised salary structures after the Centre effected the Seventh Pay Commission recommendations last year.

“This is injustice. We will continue to get lesser salary than our counterparts in other states. First, the government was refusing to clear DA dues, now we are being deprived of a new pay structure,” said an employee of the land and land reforms department. 
(With inputs from The Telegraph)