Xth Bipartite Settlement is signed by United Front of Bank Unions (UFBU) And Indian Bank's Association (IBA) .
Bank employees of Public sector banks should summarise reasons for poor performance of PSB in profit and place before GOI to stop GOI tarnishing image of bank staff. Otherwise GOI will continue to impose their ideas and work load on PSBs and continue to build pressure on making finance to some sector or the other and also advise for write off of bad loans . And when Bank's profit is adversely affected , they will deny wage hike in forthcoming Bipartite Settlement. Bankers should start building pressure on GOI from now itself for making XI Bipartite settlement a grand success.
It is banks which at least earn profit every year despite all wrong policies of the government, despite several administrative shortcomings and legal lacunas. There are many departments of Central government which do not earn any profit or do not even serve common men but their staff get all benefits and all terminal benefits. There are many Public sector undertakings which are running in losses for years and decades, still they are paid all benefits including bonuses. Government may make budgetary allocation for all such loss making entities as they infuse capital in sick banks or in weak banks.
Why not GOI can make budgetary allocation for payment of pension to retired bank staff and bonuses to working bank staff ?
Bank employees of Public sector banks should summarise reasons for poor performance of PSB in profit and place before GOI to stop GOI tarnishing image of bank staff. Otherwise GOI will continue to impose their ideas and work load on PSBs and continue to build pressure on making finance to some sector or the other and also advise for write off of bad loans . And when Bank's profit is adversely affected , they will deny wage hike in forthcoming Bipartite Settlement. Bankers should start building pressure on GOI from now itself for making XI Bipartite settlement a grand success.
It is banks which at least earn profit every year despite all wrong policies of the government, despite several administrative shortcomings and legal lacunas. There are many departments of Central government which do not earn any profit or do not even serve common men but their staff get all benefits and all terminal benefits. There are many Public sector undertakings which are running in losses for years and decades, still they are paid all benefits including bonuses. Government may make budgetary allocation for all such loss making entities as they infuse capital in sick banks or in weak banks.
Why not GOI can make budgetary allocation for payment of pension to retired bank staff and bonuses to working bank staff ?
Some employees blame trade union leaders saying that leaders are retired and hence do not care for young bankers and working bank staff. In such case working staff should choose leaders from working staff and plan strategy for putting before New Charter of Demand for future settlements. They should start consultation process from now itself to frame Charter of Demands for XI Wage Revision for public sector bank staff keeping in view the probable structure of central pay employees after 7th pay commission report.
Some section of bank staff are of the opinion that IBA is not the competent body to negotiate with bank unions. Some of them are of the view that GOI should directly talk to union leaders on the issue of wage revision. Such employees should come forward with suggestion as to who should replace IBA in negotiating process.
It is wise to plan from now than to blame leaders when they start negotiation process with IBA. Further if bank staff aspire to join hands and to tag their future with Central Pay Commission , they should go for referendum on this controversial issue too now itself. So that a unanimous or consensus view is arrived at whether to continue with process of bipartite settlement or to become part of pay commission set for central government employees . For this purpose banks may organise district level voting at all India basis to arrive at a view which may be applicable and acceptable to all bank staff.
Some section of bank staff are of the opinion that IBA is not the competent body to negotiate with bank unions. Some of them are of the view that GOI should directly talk to union leaders on the issue of wage revision. Such employees should come forward with suggestion as to who should replace IBA in negotiating process.
It is wise to plan from now than to blame leaders when they start negotiation process with IBA. Further if bank staff aspire to join hands and to tag their future with Central Pay Commission , they should go for referendum on this controversial issue too now itself. So that a unanimous or consensus view is arrived at whether to continue with process of bipartite settlement or to become part of pay commission set for central government employees . For this purpose banks may organise district level voting at all India basis to arrive at a view which may be applicable and acceptable to all bank staff.
It is worthwhile to mention here that GOI is most likely to announce "one rank one pension " scheme for armed forces. ON the same logic , why bank employees should also not be given the facility of one rank one pension . After all when bank staffs serve bank for three to four decades and spoils entire life for betterment of banks they serve ,even affecting their own family life , they deserve better treatment after their retirement. GOI cannot make excuses of lack of paying capacity .
IBA says that they are under obligation to revise wages of working employees and not retired employees. IBA says that revision of pension is a part of social welfare agenda and they will look into demands of pensioners in due course.
Why ?
Are retired bank staff a load on GOI and employees of central government and that of armed forces not such burden?
This question has to be answered now to avoid to provide safety to retired bank staff.
IBA says that they are under obligation to revise wages of working employees and not retired employees. IBA says that revision of pension is a part of social welfare agenda and they will look into demands of pensioners in due course.
Why ?
Are retired bank staff a load on GOI and employees of central government and that of armed forces not such burden?
This question has to be answered now to avoid to provide safety to retired bank staff.
When GOI can make budgetary allocation for payment of pension to central government employees , loss making public sector undertakings, BSNL, Airlines, etc and also for armed forces, why they cannot do the same budgetary allocation for bank staff too.
After all, bank staff belong to core financial sector of the country and it is they who can protect health of banks as armed forces protect the country from enemy country. It is bank staff who take part in all social welfare schemes of the government as armed forces take part in relief measures.
There is no reason to deprive bank staff of respectable wage hike or for respectable pension only because asset quality of banks is facing deterioration and banks are facing erosion in profits. It is poor management of banks by GOI and exploitation of banks by GOI only which results in lesser profits and greater bad debts in public sector banks. As such bank staff cannot be punished for fault of GOI and top officials of banks.
After all, bank staff belong to core financial sector of the country and it is they who can protect health of banks as armed forces protect the country from enemy country. It is bank staff who take part in all social welfare schemes of the government as armed forces take part in relief measures.
There is no reason to deprive bank staff of respectable wage hike or for respectable pension only because asset quality of banks is facing deterioration and banks are facing erosion in profits. It is poor management of banks by GOI and exploitation of banks by GOI only which results in lesser profits and greater bad debts in public sector banks. As such bank staff cannot be punished for fault of GOI and top officials of banks.
http://importantbankingnews2.blogspot.in/2015/05/profit-of-private-banks-beats-public.html
http://importantbankingnews2.blogspot.in/2015/05/restructuring-bad-loans-or-selling-bad.html
http://importantbankingnews2.blogspot.in/2015/05/how-sbi-booked-higher-profit-and-lower.html
What is one rank one pension?
One Rank, One Pension is an old demand of Indian military personnel. The term means armed forces personnel holding the same rank and same length of service will get the same pension, regardless of the last drawn pay. The Indian government accepted the demand in 2014. In its July 2014 Budget, Government of India allocated ₹1000 crore for this scheme. Due to some technical calculations and interpretations to be concluded by the related ministry there was a delay in the implementation of the scheme in 2014.
Recent meetings have been on the positive note indicating that the scheme will be implemented before the approval of budget of India 2015-16. [3]due to a fear that civilian retired employees of central govt may also demand drop the defence minister decided to rename the defence pensions as military pension which could not possibly claimed by civilians sought to put the proposal before parliament in the budget session ii of the 2015 commencing from April 2015 and promised implementation in may 2015.This was disclosed by an ex-servicemen org member who had a meeting with Parrikar on 23 April 2015 and put up on the official web site pib nic .in later on when the DM spoke in a civilian function.
While inaugurating a top defence accounts dept controllers meet on 30 April 2015 he asked the dad officials to be prepared to implement OROP orders shortly. There are unsatisfied elements and opposition party sympathisers in ESM ,as veterans are called in India, community who sledge the govt as well as defence minister for delay in implementation of the scheme but in fact govt of BJP led by Narendra Modi is losing goodwill of mostly pro ESM community in state elections as witnessed in Haryana and in Delhi. This could also reflect in electoral reverses in crucial states like Bihar for BJP where there are considerable ESM population who could stand still for the party or give them thumping victory for the saffron party with OROP announcement.
What is one rank one pension?
One Rank, One Pension is an old demand of Indian military personnel. The term means armed forces personnel holding the same rank and same length of service will get the same pension, regardless of the last drawn pay. The Indian government accepted the demand in 2014. In its July 2014 Budget, Government of India allocated ₹1000 crore for this scheme. Due to some technical calculations and interpretations to be concluded by the related ministry there was a delay in the implementation of the scheme in 2014.
Recent meetings have been on the positive note indicating that the scheme will be implemented before the approval of budget of India 2015-16. [3]due to a fear that civilian retired employees of central govt may also demand drop the defence minister decided to rename the defence pensions as military pension which could not possibly claimed by civilians sought to put the proposal before parliament in the budget session ii of the 2015 commencing from April 2015 and promised implementation in may 2015.This was disclosed by an ex-servicemen org member who had a meeting with Parrikar on 23 April 2015 and put up on the official web site pib nic .in later on when the DM spoke in a civilian function.
While inaugurating a top defence accounts dept controllers meet on 30 April 2015 he asked the dad officials to be prepared to implement OROP orders shortly. There are unsatisfied elements and opposition party sympathisers in ESM ,as veterans are called in India, community who sledge the govt as well as defence minister for delay in implementation of the scheme but in fact govt of BJP led by Narendra Modi is losing goodwill of mostly pro ESM community in state elections as witnessed in Haryana and in Delhi. This could also reflect in electoral reverses in crucial states like Bihar for BJP where there are considerable ESM population who could stand still for the party or give them thumping victory for the saffron party with OROP announcement.
I TOTALLY SUPPORT ONE RANK ONE PENSION FOR BANK RETIREES
ReplyDeleteI am also in favor of orop for bank retirees as they in no less way give their blood& sweat for the national cause
ReplyDeletePlease understand that there is compulsory retirement in armed forces and in no other organisation there is this compulsory retirement at young age. The majority of banking personnel or persons working in other Government institutions like rail, posts, It etc. continue till the age of 60 and no one is compulsorily retired as in armed forces and face the uncertainties at an young age. So OROP cannot be granted for all there has to be difference between normal civilian jobs and a job in armed forces which carries risk of lif
ReplyDeletee and uncertain future.