Wednesday, September 21, 2016

Government Reminds On Wage Talk Due November 2017

Keen to close wage negotiations in public sector banks by November 1, 2017, this is the first time that the Finance Ministry has asked the bankers to present status report on salary hike talks with their employee unions.The chief executives of PSBs have been asked to intimate the ministry about “the present status/action taken by them so as to conclude the negotiations/next wage settlement by the effective date i.e November 1, 2017 positively”.

In the past , bank unions used to make follow up with government of India to expedite finalization of wage agreement and it used to take normally more than two years to final agreement . Bank unions had to resort to strike after strike for pressurizing government as well as Indian Bank Association. 

As advised by Modi government , Ministry of Finance asked bank unions to submit their charter of demand and suggested bank management to sign final accord latest by November 2017, which is due date for wage revision.

So far my knowledge goes, Bank unions have not submitted their Charter of Demand for next Bipartite Settlement till date. Or else they are keeping their COD concealed and hidden. There is lack of transparency and lack of discussion which may eventually lead to Inter Union dispute or revolt from staff members.

It is the duty of leaders of trade unions to collect opinion and views of each unit , discuss it , seek final opinion from members and then submit COD immediately. They should place their demand not for working staff but also for retired staff who have been raising demand for revision in pension since long. 

It should be effort of all leaders to reach at an unanimous view and keep their differences confined to their mind and in closed doors only. Any message of disunity among leaders may jeopardize the interest of bank staff in general and give power to IBA and GOI to exploit banks and staffs of Banks.

It is the duty of staff as well as that of each unit of each bank to submit their written idea about Charter of Demand for next Bipartite Settlement to their central leaders. It is the duty of leaders associated with pensioners and retired employees to submit their demand list to central leaders in writing immediately so that there is clarity in demands raised.

I am submitting below the link related to news which says how Ministry of Finance is reminding for timely settlement and how past record of delayed settlement is broken.


I submit below link to my blog related to same subject which was published in January 2016.



6 comments:

  1. if finance ministry is asking to submit the demand from cmd of each of the bank. ministry is requested to give a deadline to submit the same or demolish this system of bps and apply cpc in banking sector as well.

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  2. Apply CPC in banking industry also

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  3. The same spirit should prevail for the pensioners also. There is uniformity in D.A also No updation and for pre 2002 NOV retirees D.A.is not paid fully. It seems no unity among the Unions and Associations Pathetic situation.

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  4. Communist unions do not want timely wage revision because they want Crores of Ruppes from our pocket for (their so called efforts of delay)levy to pursue CPI/CPIM agenda and feed anti nationals like JNU leaders with our money..

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