Retired and Untired

Tag bank employees

A New Era for Bank Employees: MOU between Unions and IBA signed

It is the first MOU that has been signed within 14 months of the expiry of the previous settlement. There is a positive development for pensioners, as all pensioners as on 31st October 22 will now receive a long-awaited “ex gratia” amount.

CHIP BASED IDENTITY CARDS FOR RBI RETIREES

Bank has decided to issue specially designed smart chip-based identity cards to the retiring/retired employees. Retirees may exchange the old card for new ones after the intimation is received by them. Offices will issue new identity card with green lanyard… Continue Reading →

Bank employees Dearness Allowance down by 7 slabs

The following numbers -AICPIN(IW) -have been made available by Labour Bureau, Ministry of Labour and Employment. For base year 2016=100, March 2021 Index stood at 119.60 points. Month Index nos.base 2016=100 January 21 118.20 February 21 119.00 March 21 119.60… Continue Reading →

Revised dearness allowance data for bank employees

After the CPI-IW (2016=100) series replaced the CPI-IW (2001=100) series effective September 20, All India index for the month of September, 2020 was initially reported by M/o Labour & Employment as 118.Dearness Allowance for RBI employees and also for other… Continue Reading →

11th Bipartite Settlement signed today.

After a long and protracted negotiations for more than three years and after overcoming many impediments and hurdles, finally, the 11th Bipartite Settlement on revision of wages and improvement in service conditions of bank employees has been signed today with… Continue Reading →

10 Central TUs express dissent on unilateral change in base year to 2016 – Consumer Price Index – IW.

Central Trade Unions have jointly demanded reworking de novo the computation exercise of changing base year by involving the trade unions as the trade unions represent the actually affected stakeholders in the project of computation of Consumers Price Index -IW… Continue Reading →

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