OUTCOME OF SUB COMMITTEE MEET OF BANK UNIONS & IBA ON WORKMEN HELD TODAY(30th Jan)

As per information available,the meeting of subgroup on service conditions of workmen concluded to day. Leave rules, LFC, staff loans, disciplinary rules, Retired Employees  & ex-servicemen issue discussed. Talks remained inconclusive. 

                              Further talks to be resumed on 10th Feb.15. 

Full negotiating team of Bank Unions with IBA will meet on 3 Feb.15 to discuss quantum of wage rise. 

                              Details are awaited.

Submitted by Mohan.P

Bank D.A. for the next quarter (February to April'15)

JUST 2 SLABS INCREASE IN DA PAYABLE TO BANK WORKMEN/OFFICERS FOR NEXT QUARTER

FEB to APRIL 2015

The AICPIN (IW) Base 2001=100, for the month of December ’14, has been released by  Labour Bureau Govt of India, to day, which stood at 253 point which was static from last August 14.

As such, the confirmed All India average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) are as follows:

Months     CPI (Base 2001=100)         CPI (Base1960=100)

October                          253                 5774.95

November                      253                 5774.95

December’14.                253                 5774.95

The average CPI as above, is 5774.Therefore the DA payable to Bank Workmen/Officers for the quarter February ’15 to April’15 will show an increase of 2 slabs at 110.10 %(From existing 109.80%)
Hefty hike for pensioners
As such the average CPI as above is 5774.Therefore the DA payable to Bank Pensioners for the next half year ie: February ’15 to July’15, will show an increase of 51 slabs.

Central D.A. to be hiked by 6% from 1st January 2015

With the release of AICPIN number (Dec'14) by Labour Bureau, it is now confirmed that Central D.A. is going to be hiked by 6% from 01.01.2015 as expected and calculated in this blog earlier. 
The AICPIN number remained unchanged at 253. Click here for details.
The increase of D.A. will be cleared by the cabinet and formal order is likely to be issued within March 2015.

No change in CPI(IW) number for December 2014

Consumer Price Index Numbers for Industrial Workers - CPI(IW) for the month of December 2014 remains unchanged at 253. Click here to view the press release.
The index number remained unchanged for the last five months from August 2014.
Click here to view the last 12 months' index number.

Medical Insurance scheme for central employees in stead of CGHS ?

The health ministry has moved a proposal for ending the Central Government Health Scheme (CGHS) in its current form and moving to an insurance-based scheme — the Central Government Employees and Pensioners Health Insurance Scheme (CGEPHIS) — in an apparent attempt to cut costs.

Instead of the government directly paying the medical bills of CGHS beneficiaries, the new scheme will be implemented through insurance companies registered with the Insurance Regulatory and Development Authority and selected through bidding.