Thursday, February 2, 2017

Tall claims !!
Income Tax slab rate reduced from
10% to 5% , For income upto Rs.500000!
Tax payer will be benefited by Rs.12500!

Is it true?

But, media / news papers does not highlight one change.
Yes, Tax rebate of Rs.5000 for income upto Rs.500000 available till last year is changed.
Now it is reduced to Rs.2500 and that too upto income of Rs.350000.

Giving benefit by one hand and take away the existing benefit by the other hand!
What an ideaji?

Pl. Read the examples compiled by me .
Those who are under income of Rs. 500000 are not benefited anything.

But, those who are having income of above Rs.500000 are fully benefitted by
Rs.12500.

This Government is for whom?




Tuesday, January 31, 2017

DA payable to employees for the Quarter Feb. to April 2017 shall be 469 slabs i.e. a decrease of 9 slabs from the current level .

For Pensioners :
Increase of 14 slabs.
Strike on 07.02.2017 called by AIBEA, AIBOA & BEFI deferred.

Fresh strike call called by UFBU
On 28.02.2017

*****************
Details of Decision by UFBU :

On Tuesday, 31 January 2017 5:18 PM,

PRADIP BISWAS, General Secretary, Bank Employees Federation of India.

Dear Comrades,

Today UFBU meeting was held in Delhi.

UFBU felt the need for launching agitational programme including strike in view of the developments that are taking place  in the industry and Government,   Iba's  lukewarm attitude towards employees and officers' pending issues.

After threadbare discussions, ufbu decided to give a countrywide strike call in all Banks on 28th February, 2017  against banking sector reforms, on recovery of NPA, demonetisation related problems and on other pending issues of employees and officers.

NOBW and NOBO asked for some time to tell their views on participation in strike on 28th Feb.

Nine General Secretaries / one representative from each organisation will meet on 5th Feb in Mumbai to fine tune the issues and demands of the strike and prepare the strike notice.

In view of this development strike call given by BEFI AIBEA AIBOA and all related programme stands withdrawn.

Pradip  Biswas
Camp: Delhi

Wednesday, January 11, 2017

7

AIBOC COUNTERS THE VIEWS OF BBB CHIEF
DEMANDS INDUSTRY LEVEL WAGE SETTLEMENT FOR ALL SCALES
The five-yearly exercise of wage revision through bipartite discussions, due on 1st
November, 2017 has not been started despite clear directions of the Ministry of Finance
and its three reminders. Though the Ministry had given directions to the Bank
Managements and IBA to initiate the process one year ago on 12/01/2016, no perceptible
action is visible at the ground level. AIBOC is ready with the Charter of Demands which
will be submitted to IBA as soon as IBA invites us to do so. Wage revision has been a
process of negotiations between the Unions representing the employees/officers and IBA
representing the individual bank managements. In this regards, AIBOC demands:
1. The wage revision negotiation – as hitherto - shall cover all member banks in the country
– those in Public Sector as also the old generation Private Sector. There are attempts on the
part of a few in the Government, IBA as well as the recently constituted BBB to pursue bank
level settlement. AIBOC is strongly opposed to this anti-labour and de-unionization move.
For the past more than 5 decades, the salary structure of bank employees and officers was
negotiated at the industry level without any major hiccup and with reasonable equity. This
process must be respected by all the concerned parties. Any attempt to introduce the bank
level settlements will be opposed and thwarted collectively by all the Unions.
2. Similarly, the Officers’ Organisations were negotiating with the IBA wage revisions
covering officers in all Scales – i.e. from Scale I (Assistant Managers or Officers) to Scale VII
(General Managers). This has been necessary to keep parity and relativity in pay, inter-scale
differentiation with due respect to experience. A few banks are ploughing the mundane idea
of dividing the officers on the basis of Scales which will not be acceptable to AIBOC. We
demand that the existing practice of negotiating the salary structure and other allowances
should cover all the scales including the top most Scale.
3. Recently, there has been another move to incentivize the bank employees/officers
through Performance linked pay/incentives. This will be a prelude to introduce differential
pay as also the concept of CTC at a later stage. Setting performance parameters at various
levels of banking functions does not fit well into the banking environment as there are
multiple functions for a few and specialist functions for another lot. Moreover, such
parameters may not work well with the functionaries in controlling offices who undertake
jobs of evolving and implementing policies and guidelines at the back office. The unilateral
introduction of such practices are aimed at bypassing the bipartite machinery and casting
employees against their own colleagues. This exercise will lead to inequality, favouritism and
discrimination. Instead of enthusing and encouraging the workforce, it will lead to
demotivation in the industry and suspicion amongst the workforce. AIBOC demands, instead,
to finalize a better and satisfactory wage packet which has to be superior to 7th C.P.C.
through the bipartite machinery already in force, in the best interests of the banks and the
economy.
AIBOC, the largest union of the supervisory cadre in the banking industry, calls
upon the Government to immediately direct the IBA to ensure to start wage
revision negotiations in right earnest on the above lines. Such an action will be
pro-active and rewarding to the bank officers who have relentlessly toiled day
and night since 2014 for implementing various Govt. policies like ‘PMJDY’, Jeevan
Bima Yojana, DBT, MUDRA and Subsidy disbursements etc. and the latest being
demonetization process. Officers expect that the praises and appreciations of the
Prime Minister, Finance Minister and the Ministry of Finance translate into action
through a hassle free, well deserved and decent early wage settlement.
New Delhi (HARVINDER SINGH)
10/01/2017 GENERAL SECRETARY