LIC Wage Revision common FAQs on Pay structure. Here is the list of common FAQs related to LIC Wage Revision. What is the date of LIC revised pay scale comes into effective? As per the Gazette of India, Extraordinary, Part II, Section 3, sub-sectio…
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)…
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 …
The Public Sector Banks Privatization process has been started since 14th April and representatives from the four PSBs are called for discussion along with DFS on 22nd April. Lok sabha secretariat has issued the date of discussion on 22nd April 2021.…
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 Secretary C H Venkatachalam told that he wasn't too optimistic about the proposed strike and reversal of government decision on Bank Privatization . “Since the government is clear on their privatisation policy, I do not expect any positive …
Bank Privatization and strike updates - A meeting between bank employee unions and senior finance ministry officials to discuss the government's plan to privatize public sector banks failed. Unhappy over the privatization move, the All India Ban…
#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…
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?
PSB Privatization - First time after the bank nationalization, the government has finally decided to kick off the privatization of public sector banks (PSBs). The government owns more than a 70 percent stake in these banks. The goal of privatization …
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…
In the 10th Bipartite Wage Settlement, the additional Stagnation Increment was considered for award staffs and officers up to certain scale. IBA has directed the such banks to release the arrears, where the arrears was not released by their board. The…
Union Budget 2021 Highlights - Highlights of Finance Minister Nirmala Sitharaman's speech on the Union Budget for 2021-22 (Apr-Mar), made in Lok Sabha today: FY-2022 ESTIMATES * FY22 fiscal deficit pegged at 6.8% of GDP * FY22 gross market borr…