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*****CURRENT NEWS******
16.04.2015:
Today In the afternoon discussions on other

demands of workmen and officers were discussed.
Next week negotiating committee meeting will be held
and pay scales etc will be discussed.
Today morning IBA & UFBU meeting took place
wherein all details of proposed new medical reimbursement scheme
was discussed.
Scheme will be finalized shortly.
For retirees also we have asked iba to workout
a similar scheme.
-UFBU

10.04.2015: Update on B.P.S.:
Sub committee meeting on medical reimbursement is scheduled
to be held on 16th April at 11.00 am.
Meeting with workmen unions will be held at 2.00 pm
(News from BEFI)
********************************
* 23.02.2015: Wage revision settled at 15%(4725 Cr.)
2nd
and 4th Saturdays will be Holidays.
Other Saturdays are full working day.
Four days strike deferred.
Detailed circular follows.
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*Consumer Price Index number for Oct,Nov,and Dec. is 253.
0.34 point over average of last quarter.

Hence D.A from Feb 2015 to Apr.2015 is 734 slabs(+2slabs)
i.e 110.10% (+0.30%)
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* Revised LFC encashment amount from 25.06.2014!

*Compassionate appointment for Bank Employees
restored from 05.08.2014!
Legal heirs can opt for either employment or ex-gratia !

Saturday, April 18, 2015

Details of talks on 16.04.2015

Text of BEFI Circular no.13/2015 dated 17.04.15

BIPARTITE TALKS

The Sub-Committee for discussion of Medical Reimbursement met
at 11.00 A.M. yesterday, 16th April 2015.
On introduction of Medical Insurance Scheme, UFBU forcefully put forward the apprehension of the employees and insisted that the same need to be addressed first before the present system of reimbursement of expenses is substituted.
 IBA, while assuring that the same would be taken up with the TPA for acceptable solution, requested UFBU for a written note in the matter.
The issue is yet to be finalized.

Thereafter, full-fledged negotiations were held in the afternoon.
In this session, some understandings were arrived at on

Thursday, April 16, 2015

Development on 16.04.2015



Today In the afternoon discussions on other
demands of workmen and officers were discussed. 
Next week negotiating committee meeting will be held 
and pay scales etc will be discussed.
Today morning IBA & UFBU meeting took place 
wherein all details of proposed new medical reimbursement scheme
was discussed.
Scheme will be finalized shortly.
For retirees also we have asked iba to workout
a similar scheme.
-UFBU

Friday, April 10, 2015

No, PM Modi: Here's why I won't be giving up my LPG subsidy!



It is all gas.
A political party and its followers who threw a fit when the UPA government decreased the number of subsidized LPG cylinders now want everybody to renounce subsidy.
Vote them out for taking it away, was the outcry then.
Give it up, is the new status symbol and update now.
Good subsidy politics that helped candidate Narendra Modi has turned into
 bad middle class ethics for PM Modi.Reuters image.
The crux of Modi’s appeal is that government ‘subsidy’ is only for
the poor and the ‘underprivileged’.
For those who can afford to pay the market price, it is, thus, unethical to claim it.
Clever ploy:
If you can’t convince them politically, blackmail them emotionally.
Put the burden of subsidy on their conscience while you munch your chickens 
for Rs 29 in the Parliament’s canteen.
Let us get this off our chest straightaway.
The government is not doing anybody a favour or being financially generous.
It is just playing emotional politics to hide its predatory economics.
The Deccan Chronicle exposes the government’s double-speak on subsidy succinctly.

Thursday, April 2, 2015

"Give up" call



Ignore all these false and mischievous messages!

Full holiday on 2nd and 4th Saturday of every month
The Minutes of Discussions has to be translated into regular Settlement under the I.D Act amending the existing provisions regarding working hours. 
Further change of holiday in Banks also needs official changes in the regulations by RBI and some amendment to the Negotiable Instruments Act. 
All these issues have been taken up by IBA with the concerned authorities in RBI and Government. 
Without completing and complying with these formalities, the holidays in Banks cannot be changed.

Tuesday, March 31, 2015

Draft Insurance Policy

One comrade has asked :
Pls upload Draft Insurance Policy given by IBA to UFBU for comments.
********************
I have posted details of Medical Insurance Policy to be introduced sometime back in April 2014.
However for those who missed to read I give below some of the features of the draft policy.
Pl. note that it is not a final one. There may be minor changes here and there.
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* Highlights of Medical Insurance policy!!*
* Cash-less treatment in listed Hospitals and reimburesement of medical bills if admitted in other Hospitals .
* 100% reimbursement for both Employees and dependents.