Discover and read the best of Twitter Threads about #11thBPS
Most recents (2)
As many of you may be aware that Centre drafted the rules for ""Minimum Wage Code Bill 2019" which was passed in RS on 2.8.2019. Lok Sabha passed bill on 30.7.2019. Lets try to understand what happened in it for Bankers & how IBA & UFBU made us fool
thehindu.com/news/national/…
thehindu.com/news/national/…
On 7th July 2020 eGazette was published for "Code on Wages Bill, 2019" which seeks to amend & consolidate laws relating to wages, bonus & matters connected therewith.
✔The Code subsumeed,
✔Min Wages Act
✔Payment of Wages Act
Payment of Bonus Act &
✔Equal Remuneration Act.
✔The Code subsumeed,
✔Min Wages Act
✔Payment of Wages Act
Payment of Bonus Act &
✔Equal Remuneration Act.
Now coming the interesting part, in the middle of worldwide pandemic & more than 6 Month's hibernation, Indian Bank association wake up & issued letter on 10th July ( Just 3Days later) for "Wage Negotiations Meeting" on 22nd July. Coincidence???? Apparently not!! Stay tuned;
Last meeting held for #11thBPS Demands
1st- 20% Hike
IBA- Not possible due to low profitability,only 12.25% Increase (2% On basic) & 2.74% of PLI(performance Linked pay)
2nd- 5 Days Banking
IBA- Denied clearly
3rd- Merger of Special allowance
IBA- Unaffordable due to load(??)
1st- 20% Hike
IBA- Not possible due to low profitability,only 12.25% Increase (2% On basic) & 2.74% of PLI(performance Linked pay)
2nd- 5 Days Banking
IBA- Denied clearly
3rd- Merger of Special allowance
IBA- Unaffordable due to load(??)
4th- Scrap NPS
IBA- Not possible at this stage as Unions have agreed upon to introduce NPS in Banks in 2010
5th- Updating of Pension
IBA- Not possible due to financial implications & affordability of the Banks hampered due to NPAs
6th- Family Pension
IBA- Matter is with Govt
IBA- Not possible at this stage as Unions have agreed upon to introduce NPS in Banks in 2010
5th- Updating of Pension
IBA- Not possible due to financial implications & affordability of the Banks hampered due to NPAs
6th- Family Pension
IBA- Matter is with Govt
7th- Staff welfare Fund allocation based on Operating profit (Presently its on NET Profit)
IBA- Matter is with Govt
8th- Exemption if Tax on Retrial benefits
IBA- Matter is not under their preview
9th- Uniform Definition of Banking hour
IBA- its Upto Banks and SLBCs
IBA- Matter is with Govt
8th- Exemption if Tax on Retrial benefits
IBA- Matter is not under their preview
9th- Uniform Definition of Banking hour
IBA- its Upto Banks and SLBCs
