LIC Wage Revision Calculator : Scale Wise Salary Structure

Good news for 1.14 Lakhs LIC Employees.  The Central government has notified the revised pay packets for LIC employees.  The pay hike for the employees is 16 per cent per month, said General Secretary, All India Insurance Employees Association (AIIEA)…

What are the Problems in Public Sector Bank Privatization ?

Government is planning to bring an amendment in the monsoon session of parliament for relaxing the banking regulation act.  Government is planning for amending all the relevant laws at once, so that the process of PSB privatization is not hindered by …

Bank Union Demands for Hike in Staff Welfare Fund in Top Four Banks

AINBOF has demanded the hike in Staff welfare funds in amalgamated banks from existing 3%. At present, the maximum ceiling for Staff Welfare Funds was fixed at 3% of net profit subject to a cap of maximum ceiling. Bankers Union has demanded to revise …

AIBEA Condemns the Sealing of SBI Shajapur Branch

#Suspend_CMO_Shajapur was trending  at the top position on Twitter.  All India Bank Employees' Association (AIBEA) has strongly condemned the sealing of State Bank of India (SBI) Branch in Shajapur of Madhya Pradesh on Monday by the district auth…

AIBNOF has served the Strike Notice For 15th & 16th March 2021

All India Nationalized Banks Officers'Federation (AIBNOF) has served the strike notice for 15th & 16th March 2021. The demand are listed here below : Also Read -  Public Sector Bank Merger, Can Government Do it Without Powerful Trade Unions?

Public Sector Banks Privatization - Which Bank is in the List ?

Post announcement of privatization of two public sector banks in the budget 2021, the name of the proposed banks are not yet announced. There are lot of guessing going around on Social Media and  experts have their own take on the subject, still there…

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