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Thursday, January 30, 2014

OUTCOME OF 27/01/2014 MEETING WITH IBA


As usually, IBA playing with the sentiments of Bankers. After calling off the strike on 21st & 22nd January 2014, Today i.e., 27.01.2014, IBA called for talks to proceed with 10th Bipartite Settlement which is due since 01.11.2012. In the today’s meeting i.e., on 27th January 2014, IBA Offered 0.5% increase over the previous 9.5% offer. This is not at an acceptable move by IBA. Even though no date was mentioned for next round of talks, UFBU called for strike on 10th & 11th February 2014.
First of all, It was a bad move by UFBU to call off the strike on 20 & 21 Jan 2014. If we have participated in strike as per prior call by UFBU, this mere increase would not have happened. So, at least now, we have to participate in strike on 10th & 11th February 2014. I will post the gross salaries as per the 10% increase tonight. Post views in comments section.




Merged points CPI
or in percenatge
4400
60.15%
Current Average CPI
Reamaining CPI after merger
How many slabs (average CPI / 4 )
Present DA factor for each slab
Total DA percentage=( DA factor * Slabs)
5402
1002
250.5
0.15
37.575
60.15
8721.75
23221.75
Current Basic pay (January)
Current DA (96.15% of Basic pay)
Total Basic pay + DA
New BP ( current basic pay + 60.15% of BP)+9.5% of current B.P
New DA= New BP * Total DA percenatge
Total New
14500
13941.75
28441.75
24671.75
8725.572563
33397.32
Difference in Basic and DA
4955.57
HRA and CCA extra



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