DA for bank employees – Dearness Allowance (DA) for Workmen and Officer Employees in banks for the months of August, September & October 2016

DA for bank employees – Dearness Allowance (DA) for Workmen and Officer Employees in banks for the months of August, September & October 2016 DA for Bank employees for the months from August, September and October 2016 has been announced. Indian Banks’ Association HR & Industrial Relations No.CIR/HR&IR/76/D/2016-17/768 August  1,  2016 All Members of the Association (Designated Officers) Dear Sirs, Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September &...

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Dearness Relief payable to Pensioners for the period August 2016 to January 2017

IBA circular on Dearness Relief for Bank Pensioners. Indian Banks’ Association HR & INDUSTRIAL RELATIONS No.CIR/HR&IR/D/G2/2016-17 /772 August 1, 2016 Designated Officers of all Member Banks which are parties to the Bipartite Settlement on Pension Dear Sirs, Dearness Relief payable to Pensioners for the period August 2016 to January 2017  The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960= 100) for the quarter ended June, 2016 are as follows:- Apr 20166185.82 May...

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Dearness Relief for Pre-1986 Bank Pensioners from August 2016

Dearness Relief payable for the period August 2016 to January 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia IBA circular on DA for Pre-1986 Bank Retirees and Surviving Spouses Indian Banks’ Association HR & INDUSTRIAL RELATIONS No.CIR/HR&IR/D/G2/2016-17/774 August 1, 2016 Designated Officers of all Nationalised Banks and Associate Banks of State Bank of India Dear Sirs, Dearness Relief payable for the period August 2016 to January 2017 to...

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7th Pay Commission – DA Merger Would have been more Beneficial

7th Pay Commission – DA Merger Would have been more Beneficial – Whether enough organizational pressure was there to get the demand accepted is now an academic issue for discussion only. The 7th Pay Commission submitted its report in November 2015. The Empowered Committee of Secretaries blocked it for 7 long months. Finally the cabinet approved the report without any modification, The Gazette Notification on the pay and allowances of employees was issued on 25-07-2016. The same minimum pay of Rs.18000/- The same multiplication factor of...

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Let all pre 2016 pensioners individually / collectively, Pensioners Federations and Association

Let all pre 2016 pensioners individually / collectively, Pensioners Federations and Association send representation to the Secy. ARPG/Chairman & to other members of the committee constituted to study feasibility.  Recommendations of the Seventh Central Pay Commission relating to principles which should govern the structure of pension and other terminal benefits and the decisions of the Government thereon Item 11 Recommendation: Revision of Pension of pre 7th CPC retirees The Commission recommends the following pension formulation...

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