7th PAY COMMISSION NEWS - CENTRAL GOVERNMENT EMPLOYEES NEWS

Details of discussion between IBA and UFBU on 03.03.2014 The circular detailing the bipartite negotiation held on 03.03.2014 is reproduced below for the bank employees. The circular of National Union of Bank employees has been mailed to us by Mr Sankaran Srinivasan. Circular No.2/2014 Date: 03.03.2014 10TH BIPARTITE DISCUSSIONS MEETING OF IBA WITH ELEVEN (11) NEGOTIATING UNIONS ON 03/03/2014 IBA’s ADAMANT ATTITTUDE CONTINUES NO IMPROVEMENTS IN TODAY’S  TALKS Dear Comrades, IBA's Negotiating Committee headed by Shri.T.M.Bhasin met the Eleven (11) negotiating unions on 03-03-2014 at IBA office in Mumbai.  From the NUBE, the undersigned participated.

Dearness Allowance for Bank Employees Dearness Allowance for Bank Staff from 2012 Percentage of DA with slabs indicating in the below table… Dearness Allowance for workmen and officer employees in banks Payable for the Year Payable for the months Average CPI No. of slabs % of pay 2013-14  Nov Dec Jan  5402.13  641  96.15  2013  Aug Sept Oct  5211.91  593  88.95  2013  May Jun Jul  5082.57  561  84.15  2013  Feb Mar Apr  4976.05  535  80.25  2012-13  Nov Dec Jan  4877  510  76.5  2012  Aug Sept Oct  4709  468  70.2  2012  May June Jul  4549  428  64.2  2012  Feb Mar Apr   4519  420  63