SYNDICATE BANK IS ADAMANT TO DEDUCT ( WITHOUT HAVING MANDATE)) AND REMMIT LEVY TO THE UNION / ASSOCIATION BY ISSUING THE CIRCULAR. THEY SAY THAT IF AN EMPLOYEE DOESNOT WANT TO PAY LEVY THE HE SHOULD REPRESENT TO UNION / ASSOCIATION , WHICH IS TOTALLY ILLEGAL
MASS REPRESENTATION IS REQUIRED. ACT IMMEDIATELY
To,...
The Chairman & Managing Director,
Syndicate Bank,
Head Office: PD : Officer Section.
Manipal Karnatak.
Dated : 01/07/2015.
MASS REPRESENTATION IS REQUIRED. ACT IMMEDIATELY
To,...
The Chairman & Managing Director,
Syndicate Bank,
Head Office: PD : Officer Section.
Manipal Karnatak.
Dated : 01/07/2015.
Dear Sir,
Subject: Association/ Union Levy.
Ref: HO Circular Number 261/2015 BC-PD dated 26.06.2015.
Most respectfully I have to state that the LEVY is imposed by the Bank on the Officers of the Bank of Rs. 3000/- on behalf of the Association wide Page number 42 & 43 clause 10 of the refered circular Number 261/2015 BC-PD dated 26.06.2015.
I would like to draw your kind attention that I have given the mandate to deduct the monthly membership contribution of AIBOC only. No any other mandate is given to Bank for deducting any other type of amount. Hence Sir, no such type of Levy can be imposed by the Bank without having mandate from the me.
Further I want to state that the contribution towards such union / Association is voluntary upon its members and Bank cannot impose upon the employee .
In view of Sec. 16 under Schedule III of Trade Union Act 1926, in which it is stated that a contribution to trade union other than the compulsory monthly contribution will be optional and will not effect the ordinary membership of any employee.
Further, In refered circular Number 261/2015 BC-PD dated 26.06.2015 stated that “BANK WILL NOT ENTERTAINED ANY REPRESENTATION IN THIS REGARD”. When the bank is not authorised to deduct such type of contributions ( without mandate), how the Bank can deduct from the employee and credit the Association account. And why the Officers representation made to the Association/ union for the amount deducted by the bank without authority?
Sir, I represent this case to your good office for kindly consider the case and issue necessary guideline such that to make such contribution voluntary on the part of member of such Association/ Union, rather than imposing forcefully is violation of the Law of Land.
Thanking you,
(Ashok Kumar Saxena)
Subject: Association/ Union Levy.
Ref: HO Circular Number 261/2015 BC-PD dated 26.06.2015.
Most respectfully I have to state that the LEVY is imposed by the Bank on the Officers of the Bank of Rs. 3000/- on behalf of the Association wide Page number 42 & 43 clause 10 of the refered circular Number 261/2015 BC-PD dated 26.06.2015.
I would like to draw your kind attention that I have given the mandate to deduct the monthly membership contribution of AIBOC only. No any other mandate is given to Bank for deducting any other type of amount. Hence Sir, no such type of Levy can be imposed by the Bank without having mandate from the me.
Further I want to state that the contribution towards such union / Association is voluntary upon its members and Bank cannot impose upon the employee .
In view of Sec. 16 under Schedule III of Trade Union Act 1926, in which it is stated that a contribution to trade union other than the compulsory monthly contribution will be optional and will not effect the ordinary membership of any employee.
Further, In refered circular Number 261/2015 BC-PD dated 26.06.2015 stated that “BANK WILL NOT ENTERTAINED ANY REPRESENTATION IN THIS REGARD”. When the bank is not authorised to deduct such type of contributions ( without mandate), how the Bank can deduct from the employee and credit the Association account. And why the Officers representation made to the Association/ union for the amount deducted by the bank without authority?
Sir, I represent this case to your good office for kindly consider the case and issue necessary guideline such that to make such contribution voluntary on the part of member of such Association/ Union, rather than imposing forcefully is violation of the Law of Land.
Thanking you,
(Ashok Kumar Saxena)
The Massage of Comrade GV Manimaran Gen Secy Of Canara Bank Officers' Association to all the Comrades on LEVY.......
Mother of all Surprises
When we are basking in the glory of unprecedented rental increase, here comes the "Mother of all Surprises"
"NOT TO TAKE LEVY"...
Our GS Sri. Manimaran's decision not to charge levy from the members on the 10th Bipartite arrears is not only unprecedented but Historic in every sense of the term.
Never In the history of any trade union such a decision is taken. It shows not only complete transparency in the organisation but also faith in the membership.
Friends, a few days back some of our members thought of giving letter to the Bank not to take levy from their arrears, getting confused by a trade union who decided to charge 4% levy from its members! Then our GS has left the decision to the members who overwhelmingly come forward to contribute!
But our GS has something in his mind and he has been indicating of some surprise!
Here comes the Biggest surprise !
Imagine friends when some other trade unions have become greedy and collecting huge levy, here is a leader who tells his members that he is comfortable with his funds and forego the levy that too when the organisation is in the midst of conducting hundreds of activities regularly and especially through CANPAL.
The decision of not collecting Levy is something extraordinary and simply great and Sri. G V Manimaran deserves all the kudos for this bold and historic decision.
Jagadeesh JS
Central Liaison
Mother of all Surprises
When we are basking in the glory of unprecedented rental increase, here comes the "Mother of all Surprises"
"NOT TO TAKE LEVY"...
Our GS Sri. Manimaran's decision not to charge levy from the members on the 10th Bipartite arrears is not only unprecedented but Historic in every sense of the term.
Never In the history of any trade union such a decision is taken. It shows not only complete transparency in the organisation but also faith in the membership.
Friends, a few days back some of our members thought of giving letter to the Bank not to take levy from their arrears, getting confused by a trade union who decided to charge 4% levy from its members! Then our GS has left the decision to the members who overwhelmingly come forward to contribute!
But our GS has something in his mind and he has been indicating of some surprise!
Here comes the Biggest surprise !
Imagine friends when some other trade unions have become greedy and collecting huge levy, here is a leader who tells his members that he is comfortable with his funds and forego the levy that too when the organisation is in the midst of conducting hundreds of activities regularly and especially through CANPAL.
The decision of not collecting Levy is something extraordinary and simply great and Sri. G V Manimaran deserves all the kudos for this bold and historic decision.
Jagadeesh JS
Central Liaison
Ranvir Malik Writes on Sick Bank
UPA in 10 years of it's misrule gave us "SICK COMPANIES but no defaulting promoter was labelled "SICK PROMOTER". Default to repay on the part of major business houses is many times more than the Income Tax deparyment contributes towards GDP. The article below is an eye opener
"The total write-offs of loans made by the commercial banks in the last five years is Rs. 1,61,018 crore, which is 1.27 pe...r cent of the GDP," said Mr Raghuraman Rajan. "1.27 per cent of GDP would have allowed 1.5 million people to send their children to get a full university degree from the top private universities in the country, with all expenses paid. That's the size of the write-offs that we are talking about."
India's banks confirmed worrying trend: of total loans of Rs. 63 lakh crore, non-performing assets (NPA) or defaulted loans stood at 4 per cent. Restructured loans make another 5 per cent and along with stressed loans (repayments due for more than 30 days), the amount of bad debt in the economy was Rs. 14 lakh crore, about 20 per cent of all advances.
Lanco, which announced 11 power projects in that period, has an outstanding debt estimated at around Rs. 36,000 crore. Such a scorching pace of expansion resulted in huge amounts of debt on the books of every major infrastructure player: Adani (Rs. 81,000 crore), Ambani (Rs. 1.13 lakh crore), Jaypee (Rs. 63,000 crore), Essar (Rs.98,000 crore) and so on. The debt estimates are from a 2013 report by the Swiss asset management company, Credit Suisse.
Between 2007-2013, as the debt of Essar Group's power subsidiary shot up from Rs. 15,000 crore to Rs. 52,000 crore, so did the debt in the rest of the company's verticals - rising from Rs. 10,000 crore to Rs. 46,000 crore - according to Credit Suisse estimates.
RBI Governor Raghuram Rajan has warned against this vicious cycle. In a speech in November last year at the Institute of Rural Management Anand (IRMA) in Gujarat, he said, "Too many large borrowers insist on their divine right to stay in control despite their unwillingness to put in new money. The firm and its many workers, as well as past bank loans, are the hostages in this game of chicken - the promoter threatens to run the enterprise into the ground unless the government, banks, and regulators make the concessions that are necessary to keep it alive. And if the enterprise regains health, the promoter retains all the upside, forgetting the help he got from the government or the banks - after all, banks should be happy they got some of their money back! No wonder government ministers worry about a country where we have many sick companies but no 'sick' promoters."
"The total write-offs of loans made by the commercial banks in the last five years is Rs. 1,61,018 crore, which is 1.27 pe...r cent of the GDP," said Mr Raghuraman Rajan. "1.27 per cent of GDP would have allowed 1.5 million people to send their children to get a full university degree from the top private universities in the country, with all expenses paid. That's the size of the write-offs that we are talking about."
India's banks confirmed worrying trend: of total loans of Rs. 63 lakh crore, non-performing assets (NPA) or defaulted loans stood at 4 per cent. Restructured loans make another 5 per cent and along with stressed loans (repayments due for more than 30 days), the amount of bad debt in the economy was Rs. 14 lakh crore, about 20 per cent of all advances.
Lanco, which announced 11 power projects in that period, has an outstanding debt estimated at around Rs. 36,000 crore. Such a scorching pace of expansion resulted in huge amounts of debt on the books of every major infrastructure player: Adani (Rs. 81,000 crore), Ambani (Rs. 1.13 lakh crore), Jaypee (Rs. 63,000 crore), Essar (Rs.98,000 crore) and so on. The debt estimates are from a 2013 report by the Swiss asset management company, Credit Suisse.
Between 2007-2013, as the debt of Essar Group's power subsidiary shot up from Rs. 15,000 crore to Rs. 52,000 crore, so did the debt in the rest of the company's verticals - rising from Rs. 10,000 crore to Rs. 46,000 crore - according to Credit Suisse estimates.
RBI Governor Raghuram Rajan has warned against this vicious cycle. In a speech in November last year at the Institute of Rural Management Anand (IRMA) in Gujarat, he said, "Too many large borrowers insist on their divine right to stay in control despite their unwillingness to put in new money. The firm and its many workers, as well as past bank loans, are the hostages in this game of chicken - the promoter threatens to run the enterprise into the ground unless the government, banks, and regulators make the concessions that are necessary to keep it alive. And if the enterprise regains health, the promoter retains all the upside, forgetting the help he got from the government or the banks - after all, banks should be happy they got some of their money back! No wonder government ministers worry about a country where we have many sick companies but no 'sick' promoters."
No comments:
Post a Comment