Central employees may visit central Asian countries on LTC soon

The Dept. of Personnel & Training is considering to include five central Asian countries, namely Kazakhstan. Turkmenistan, Uzbekistan. Kyrgyzstan and Tajikistan under the scheme of LTC.
In this regard opinion / comments have been sought from Ministry Civil Aviation (MOCA), Ministry of tourism (MOT), Ministry of Home Affairs (MHA) and Department of Expenditure at the earliest possible.

Bank Staff will get 12 slabs increase in DA for next quarter

All India Consumer Price Index Numbers for Industrial Workers,(AICPIN(IW) ,Base year 2001=100 for the month of June’18,has been released by Ministry of Labour and Employment.Govt of India, today which stood at 291 points with an increase of 2 points while compared to figure of May’18.
                    Accordingly  the confirmed All India Average consumer Price Index Numbers for Industrial Workers(Base 1960=100) for the past quarter is as furnished hereunder:-

Months                Base 2000=100       Base 1960=100
___________     _____________       _______________
April’18.                           288                                 6573.86
May’18                             289                                 6596.69
June’18                            291                                  6642.34

  The Average Index comes to 6604 . 
As such there will be an increase of 12 slabs in DA payable to Bank Staff(541 slabs from 529 of last quarter) for next quarter from 1^st August to 31^st October,18,taking the percentage to 54.10% from existing 52.90%
Provided  by : Mohan.P

Bank bipartite meeting held today

Mumbai: The meeting between apex banking lobby Indian Banks Association (IBA) and bank unions to negotiate on salary hikes for over three dozen banks remained inconclusive on Monday.

The IBA offered 6 percent wage hike, which the unions have turned down.

Close to 37 banks, including public, private and foreign banks, have mandated to IBA to decide on wage hikes for their employees. Bank unions under the banner of United Forum of Bank Unions represent the employees.

The current wage revision is due from November 2017, after the 10th bipartite settlement ended in October 2017.

In the last round of the talks held on May 5, 2018, the IBA had offered a meagre 2 percent wage hike, which had irked the unions and they went on a two-day strike starting May 30.

In the May 2018 round of wage negotiations, IBA had also maintained that the talks on officers demand would be restricted up to scale III officers only. The settlement under the 10th bipartite agreement was concluded after 18 rounds.

Meeting between IBA and UFBU on wage revision today

Click here for the meeting update

The apex banking lobby Indian Banks Association (IBA) and bank unions will meet today to negotiate on salary hikes for over three dozen banks. Close to 37 banks, including public, private and foreign banks, have mandated to IBA to decide on wage hikes for their employees. Bank unions under the banner of United Forum of Bank Unions will represent the employees. The current wage revision is due from November 2017, after the 10th bipartite settlement ended in October 2017.

In the last round of the talks held on May 5, 2018, the IBA had offered a meagre 2 per cent wage hike, which had irked the unions and they went on a two-day strike starting May 30. “We want banks to improve the previous offer of 2 per cent. Our demand is of 25 per cent, but we are open for negotiations,” UFBU convener for Maharashtra, Devidas Tuljapurkar, said.

In the 10th bipartite wage settlement, which was signed in May 2015, for the period between November 2012 and October 2017, the IBA had offered a 15 per cent hike. “So far, the wage revisions have always been in double-digits, which we are okay with, but 2 per cent is not acceptable to us,” Tuljapurkar said. Banks management had justified the nominal hike citing huge losses incurred by in the past few quarters.

The unions have said the fall in profit are on account of higher provisioning towards non-performing assets and the employees are not responsible for that as the employees have been tirelessly working towards implementing various government schemes such as Jan Dhan, demonetisation, Mudra and Atal Pension Yojana, among others.

In the May 2018 round of wage negotiations, IBA had also maintained that the talks on officers demand would be restricted up to scale III officers only. The settlement under the 10th bipartite agreement was concluded after 18 rounds.

Source : PTI / Financial Express.

DOPT issues consolidated instruction for CEA

DOPT cleared the air by issuing a comprehensive instruction on Children Education Allowances and Hostel subsidy as recommended by seventh CPC and accepted by Govt.
Salient features of this instructions are :
Certificate from School is not mandatory :
The amount of CEA is Rs 2250/- (fixed), irrespective of actual expenses. To claim this , a certificate from head of the institution is required confirming that the child has studied in the institution in the previous academic year. In case the certificate can not be obtained, self attested copy of the report card or fee receipts of the entire year will be sufficient to claim the CEA.
For all other details including claim of hostel subsidy have been clarified  in the said instruction.
Click here for details