Central Government Employees Latest News

8th Pay Commission Latest News Today, Pay Matrix, Expected DA Rates Table

You are here: Home / Bank Unions / Details of discussion between IBA and UFBU on 03.03.2014
7th Pay Commission Salary Calculator January 2025 (55% DA Updated)
January 2025 DA Calculator (55% Confirmed!)
New Rates of House Rent Allowance (Updated 2025)
New Rates of Transport Allowance (Updated 2025)
Central Government First Pay Calculator 2025

Details of discussion between IBA and UFBU on 03.03.2014

March 6, 2014 admin Leave a Comment

Details of discussion between IBA and UFBU on 03.03.2014

The circular detailing the bipartite negotiation held on 03.03.2014 is reproduced below for the bank employees. The circular of National Union of Bank employees has been mailed to us by Mr Sankaran Srinivasan.

Circular No.2/2014

Date: 03.03.2014

10TH BIPARTITE DISCUSSIONS

MEETING OF IBA WITH ELEVEN (11) NEGOTIATING UNIONS ON 03/03/2014

IBA’s ADAMANT ATTITTUDE CONTINUES

NO IMPROVEMENTS IN TODAY’S  TALKS

Dear Comrades,

IBA’s Negotiating Committee headed by Shri.T.M.Bhasin met the Eleven (11) negotiating unions on 03-03-2014 at IBA office in Mumbai.  From the NUBE, the undersigned participated.

In the wake of the of the Union Cabinet recently  raising  dearness allowance to 100% from 90%, DA/DR at the rate of 100 per cent of the basic with effect from January 1, 2014, benefiting 50 lac Government  employees and 30 lac pensioners which has combined impact on exchequer of  Rs 11,074.80 crore every year and further clearance  for merger of 50% DA with basic pay by approving it among the terms of reference of the 7th Pay Commission, Bank Employees were rightly and justifiably  expecting similar overtures  from  the Government , especially announcement of adequate improvements in the present offer in the 10th bipartite ongoing  negotiations.

Belying the expectations of over 10 lac bank employees IBA said they will reply after meeting the Finance Ministry on 5th March 2014 to our core issue of adequate improvements and justifiable hike in wage load. The Chairman stated that there was unanimous decision amongst CMD’s and Committee members of IBA that Banks are not in a position to even give 10% wage rise in pay slip components.  To this the undersigned sought clarification with regard to “volte-face” in IBA’s stand as confirmed through reliable sources that the IBA offered further 0.5%  increase over above 10%  in payslips  during the conciliations with the Unions before the CLC.

We further categorically stated that never in the annals of the bipartite negotiations with the Undersigned being the signatory to 5 consecutive Bipartite settlements so far, has not experienced this sort of attitude from IBA. To put in nutshell, IBA has set the clock backwards which in essence is retrograde. IBA replied that under the circumstances that when all Banks are struggling hard to keep their respective balance sheet upright and  is constrained that it cannot offer anything over and above of the present offer of 10% increase in payslip components.

Unions also raised other issues like 5 day’s banking , ( which was rejected by Government and IBA  in the earlier meetings ) regulated working hours for officers  , improvements in pension related issues  including switch over from NPS to old pension scheme housing and hospitalization, etc.  IBA once again informed that these matters will be discussed in their core committee and thereafter hold negotiations within 10 days.  However, the issue of companionate appointments IBA indicated positive view of the Government.

NUBE has made it clear that the inordinate delay in finding mutually agreeable increase in wage hike   has caused simmering discontent and dissatisfaction   among 10 lac bank employees.  Any further delay will transgress their limits of endurance and will have deleterious effect in their motivation levels and compel them to direct actions and consequent industrial unrest and urged the IBA to consider adequate increase in the offer in a time frame and at the earliest.

Comrades, should the stalemate continue, once again we remind you that the future at hand may soon loom red before us and we must brace ourselves to cope up with the trails and problems of 10th bipartite negotiations demanding justifiable increase in wage with our assurance of our ever growing strength and unity. We should do as union of good will. We should do with bold heart and good conscience. Get organized and be   prepared for continuous and arduous struggles ahead.

With Revolutionary Greetings,

Yours Comradely,

L.BALASUBRAMANIAN

GENERAL SECRETARY

Courtesy : www.paycommissionupdate.blogspot.in

No related posts.

Filed Under: Bank Unions, BIPARTITE

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Online Calculators

  • 7th Pay Commission Salary Calculator January 2025 (55% DA Updated)
  • Expected DA from July 2025 Calculator
  • Pay Scale Conversion Calculator
  • 7th CPC Increment Calculator 2025
  • KVS PGT, TGT, PRT Teacher Salary Calculator 2025
  • Bonus Calculator for CG Employees 2025
  • CGEGIS Savings Fund Benefit Calculator Updated 2025
  • Central Government First Pay Calculator 2025
  • Retirement Date Calculator for CG Employees
  • DA Arrears Calculator January 2025 (55% Updated)
  • Commutation Factor Value of Pension Calculator
  • Leave Encashment of CG Employees Calculator
  • HRA Income Tax Exemption Calculator for Salaried Employees
  • 7th CPC Pension and Arrears Calculator
  • Fixation of Pay on Promotion Calculator as per FR 22(I)(a)(1)
  • 7th CPC Pay Calculator for Teachers in Universities and Colleges
  • 18 Months DA Arrears Calculator for CG Employees
  • 18 Months DA Arrears Calculator for CG Pensioners
  • 7th CPC TA & DA Calculator
  • Government Pension Calculator 2025
  • CPSE (IDA Pay Scale) Salary Calculator
  • DA Amount Calculator Online 2024
  • Dearness Relief (DR) Calculator for Pensioners
  • Expected January 2024 IDA Calculator for BSNL Employees
  • Expected IDA Calculator from April 2024 for CPSE Employees
  • GPF Interest Rate Calculator
  • HRA Online Calculator
  • LTC Cash Voucher Scheme Calculator
  • Option Calculator for Promotion or MACP to Switch over to 7th CPC
  • OROP Arrears Calculator for Defence Pensioners
  • Simple Online New & Old Regime Income Tax Calculator

State Govt Calculators

  • Maharashtra Govt 7th Pay Commission Calculator
  • Karnataka Pension and Family Pension Calculator
  • Option for Fixation Calculator for Tamil Nadu Govt Employees
  • Pay Calculator for Jammu & Kashmir Govt Employees
  • Pay Scale Calculator for Karnataka Govt Employees
  • Rajasthan Employees Pay Matrix Calculator
  • Tamil Nadu Govt Employees Pay Calculator
  • WB 6th Pay Commission Revised Pay Calculator

Top Pages

  • Pay Matrix Table for Central Government Employees
  • 7th CPC DA Calculation Table 2016 to 2025
  • DA Rates Table 2025 | Current DA Rate 53%
  • CSD Price List 2025: Car, Bike, Scooter, AC, TV, WM and Fridge
  • Kendriya Vidyalaya Fee Structure 2025-26
  • Kendriya Vidyalaya Balvatika School Admission Form 2025-26
  • 7th CPC Briefcase Allowance 2025

8th Pay Commission News

  • Latest 8th Pay Commission News Date, Salary Slab, Pay Scale Calculator
  • Expected 8th Pay Commission Pay Matrix Table

Latest Discussions

  • Manoj Kumar on Clarification on MACP Grade Pay 4200 to 4600 Inspector Posts
  • M K KUMAR on Gratuity ceiling raised to 20 Lakhs w.e.f. 29.3.2018
  • M K KUMAR on Clarification on MACP Grade Pay 4200 to 4600 Inspector Posts
  • Meena on KV School Contractual Teachers | Consolidated Pay and Qualification for all Posts 2025-26
  • dilip yadaav on 7th CPC MACP APAR Benchmark Grading System
  • A V FERNANDEZ on 7th CPC Pay Fixation on Promotion Calculator with Matrix Table 2025
  • Harpreet Singh on Gratuity ceiling raised to 20 Lakhs w.e.f. 29.3.2018
  • Thirumalesh C on Clarification on MACP Grade Pay 4200 to 4600 Inspector Posts
  • M K KUMAR on Karnataka Pension and Family Pension Calculator
  • M K KUMAR on Karnataka Pension and Family Pension Calculator
Copyright © 2023 | Central Government Employees News | 7th Pay Commission News | Sitemap | Site maintained by TEUT Digital Concepts