This is how CPC pay demand died after merging of Dearness Allowance ? - 11th Bipartite Wage Settlement - Latest News

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Thursday, 21 November 2019

This is how CPC pay demand died after merging of Dearness Allowance ?

11th Bipartite Salary Settlement - With the latest round of 11th bipartite talks between UFBU and IBA and the UFBU proposal for merging of 6353 points (DA as at 01.11.2016) instead of 6505 points (DA as at 01.11.2017) hope for CPC pay died. 

ReadGovernment is not likely to approve the 5 Days Banking, IBA hints
What was surprising was the IBA reaction for the same,  as per the reports IBA didn’t agreed for the same and has informed that they would give their reaction by next round of bipartite talks.


Shame of our leaders, UFBU has forgotten that our demand used to be 110% neutralization and IBA used to plead for a 100% merger of DA.  It is evident that it is hard to extract a starting basic pay of Rs.56100/-  from IBA.

As usual leaders will sigh the 11th bipartite for 12%  or 15% we will get a salary jump of   around 8-9%.   Our basic pay will be around 39000/-  and total gross increase would be around 3500/- to 4500/- per month for PO in public sector bank.

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