NEWS

:: Prominent Vietnam blogger's appeal rejected*** Fadnavis lauds north Indians, draws MNS' ire*** HC orders notices to Speaker, MLAs on journalists' arrest*** Two encounters underway in Kashmir*** UGC tells deemed varsities to change name*** Japan emperor to cede all public duties after abdication*** Swelling cityscape absorbed BDA land as govt wavered on master plan*** Rahul listed as 'non-Hindu' in Somnath temple register*** Girl students forced to undress by teachers as punishment Why is BJP unable to ignore Rahul?*** Rahul to pose question a day to corner Modi*** No need for guidelines to probe dowry cases: SC*** Benefit from rule of your own man, Modi tells Gujarat*** Dean allows Hadiya to speak with husband*** Google detects spy app stealing info from social media, phones*** Antony in hospital after fall at Delhi home** NITK Surathkal, five IITs get Rs 2K-cr interest-free loan for research*** Nestle refutes charge of using 'ash' in Maggi*** Onion acreage shrinks in Karnataka, brings tears in north*** Snehalata Shrivastava is first woman secretary general of Lok Sabha***

"HAPPY BIRTHDAY"

zwani.com myspace graphic comments
Happy Birthday-13th OCTOBER 2017(FRIDAY)
"HAPPY BIRTHDAY-13TH OCTOBER 2017(FRIDAY) JASWINDER PAL SINGH SENIOR SPL ASSISTANT DON KALAN Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Om Parkash Sikri DEPUTY MANAGER ISMAILA BALDEV RAJ Addl. Associate 1 HANSLI BRIDGE, BATALA Ramesh Kumar SR. ASST. (BANKING) SME BRANCH, CHANDIGARH VEENA PACHPORE Addl. Associate 1 SEC 35-C, CHANDIGARH Ashok Kumar Goyal DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING Kuldeep Kumar Sharma DEPUTY MANAGER ZONAL OFFICE JAMMU Jaswinder Singh SENIOR SPL ASSISTANT TRIPRI PATIALA Dalbir Singh SR. ASST. (BANKING) UDHAMPUR Ambika Chugh ASSISTANT MANAGER AMBALA CITY Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Parveen Kumar Sharma ASST. GEN. MANAGER NRI JULLUNDER HEM SINGH Addl. Associate 1 KASAULI MANJINDER SINGH RANDHAWA ASSISTANT MANAGER ANAJ MANDI, SIRHIND MANDI ASHUTOSH JAIN Addl. Associate 1 ADB MALERKOTLA DEEP CHAND MANAGER LOHAKA Raj Kumar Bhagat DEPUTY MANAGER BHOGPUR SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD MUNISH BALI Addl. Associate 1 BANKING OPERATIONS DEPARTMENT-HEAD OFFICE PATIALA Nitin Soni DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING SANJEEV BHATIA ASSISTANT MANAGER BEESLA Sudhir Kumar DEPUTY MANAGER REWARI Gurupdesh Kaur CUST. ASST. (BANKING) ROPAR PAYAL MEHTA Addl. Associate 1 GHUMAR MANDI, LUDHIANA AMIT RAJ DEPUTY MANAGER HO PATIALA -OUTREACH/FINACIAL INCLUSION DEPTT Nitin Sharma DEPUTY MANAGER(S) ROHRU AMRITA DEEPAK Addl. Associate 2 JALANDHAR ZONAL OFFICE-RO-I JALANDHAR -ADMIN JASWANT SINGH ASSISTANT MANAGER S.A. JAIN COLLEGE, AMBALA CITY Vikas Goyal CUST. ASST. (BANKING) MANSA PANKAJ KUMAR TAMTA DEPUTY MANAGER NOORMAHAL ROAD ,PHILLAUR SIMRANJEET SINGH CUST. ASST. (BANKING) SPECIALISED AGRI COMM BR, PATIALA AVINASH KUMAR Addl. Associate 1 ABLU RIGZIN GURMETH ASSISTANT MANAGER ALSINDI Deepshikha . CLERICAL - ON PROB. MOHALI (S.A.S. NAGAR) Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND SUNIL KUMAR ASST. (BANKING) GHAGA Sandeep Dhillon ASSISTANT MANAGER AMRITSAR Ram . Kishan CUST. ASST. (BANKING) NAKODAR ROAD, JALANDHAR Amandeep Sharma CLERICAL - ON PROB. NANGAL BHUR *** table>

Wednesday, 18 February 2015

10th Bipartite Wage Settlement - Time To Bite The Bullet

Bank unions are to go on a four-day strike from February 25th after talks failed to close out the 10th Bipartite Wage Settlement 

It’s an issue that has been put off for long; not anymore. Bank unions are to go on a four-day strike from February 25th after talks failed to close out the 10th Bipartite Wage Settlement. It will not only embarrass the NDA government as it presents its first full Union Budget after coming to power in May last year, worse is in the offing — threat of an indefinite strike from 14 March as advance tax inflows trickle in.

The wage revision is due from 1 November 2012 subsequent to the expiry of the last Bipartite Settlement (9th) on 31 October 2012. The common charter of demands, separately for workmen and officers, was submitted by the United Forum of Bank Union’s (UBFU) to the Indian Banks’ Association (IBA) before the expiry of the last settlement.

“The IBA has gone back on its assurances and said it cannot afford the hike. It has offered a paltry increase of 0.5 per cent over the earlier increase offer of 12.5 per cent which we anyway consider inadequate. We have been pushed to the path of agitation,” says Vishwas Utagi, general secretary of the Maharashtra State Bank Employees Federation, and vice-president of the All India Bank Employees Association. In 2010, the IBA had revised wages by 17.5 per cent for the 2007-2012 period. UFBU’s demand is for a 19.5 per cent hike; the payout — if North Block were to accept the same — is close to Rs 7,000 crore.

A breakthrough was expected after the conciliatory efforts of the central chief labour commissioner B. K. Sanwariya on 5 January. Negotiations between IBA and UFBU over the next two days saw the former increase its offer to 12.5 per cent (up by 0.5 per cent) in pay-slip components with an assurance to have further flexibility, while UFBU reduced its demand to 19.5 per cent (from 23 per cent).

In state-run banks, wages and terms of service have moved towards uniformity from the days of the First Bipartite Wage Settlement (October 1966). The settlements are based on collective bargaining between unions and IBA, a club of predominantly state-run banks. In effect, state-run bankers determine wages and then crib in private about being poorly paid!

In recent times, there has been a debate on whether pay at these banks should be decided on the basis of bilateral negotiations between a bank and its unions (read staffers). It is part of a larger discourse to give more operational freedoms to the better among state-run banks so that they can retain and attract talent based on their capacity to do so. The nuanced point that’s being made is that the same freedom if given to the laggards may further push up their operating costs. But no headway has been made on the subject of bilateral talks as unions fear their hold at an industry level over bank managements will stand to be diluted and reduce their collective bargaining ability.

No comments:

Post a Comment