AFTER 100 DAYS OF NEW GOVERNMENT NO KHUSHI, STILL GHAM FOR BANK EMPLOYEES

8/11/2019 AFTER 100 DAYS OF NEW GOVERNMENT NO KHUSHI, STILL GHAM FOR BANK EMPLOYEES

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AFTER 100 DAYS OF NEW GOVERNMENT

NO KHUSHI, STILL GHAM

FOR BANK EMPLOYEESby

S.SRINIVASAN

Retired Bank Unionist

In 1933, when Franklin D Rooseelt s!""oned a s#e$ial session o% &on'ress

that wo!ld r!n %or three "onths, the newly ele$ted #resident 'ot the De"o$rats

and Re#!bli$ans to work to'ether and 'ie &on'ressional #assa'e to a series o%

"eas!res ai"ed at (ob)$reation and #roidin' an i"#et!s to a totterin'

e$ono"y. *hose 1++ days o% &on'ress, also his %irst 1++ days as #resident, saw1 "a(or bills 'et #assed, a re$ord %or US le'islation that FDR wo!ld 'o on to

$all the -New Deal-.

*hats how the /%irst 1++ days/ yardsti$k o% "eas!rin' the e%%e$tieness o% new

'oern"ents $a"e to be %ashioned, a "eas!re o% how "!$h a 'oern"ent $an

a$hiee when its still in the a%ter'low o% ele$toral s!$$ess, ridin' hi'h on

#!bli$ o#inion and drien by hi'h e0#e$tations.

At the end o% 1++ days there is, do!btless, a sto$k)takin'. *here are be "ore

#ithy slo'ans and $at$hy, sel%)$on'rat!latory #hraseolo'y.

D!rin' thee 1++ days Bank !nions "et Finan$e inister to #ress %or early

wa'e reision on 2!ne4, +15.Despite a lapse of 21 months since the

start of neotiations, no sinificant impro!ement has "een ma#e

to$ar#s e%pe#itio&s concl&sion of settlement'

ake no "istake, the s#ee$hes to the $o!ntry"en by the new 'oern"ent will

$ontin!e to be %ine t!ned, b!t the %irst 1++ days is (!st bl!ster %or bank

e"#loyees e0#e$tin' (!st wa'e reision o% at least restorin' #arity with &entral

6oern"ent 7"#loyees se8!el to the th #ay $o""ission, 'oin' by early

indi$ations and re#orts.

:es, ;a$he din< ='ood days> hae indeed $o"e %or so"e. B!t ;bad days< hae

be%allen to the Bank e"#loyees. *he #re#ostero!s, st!bborn stand o% IBA

res&ltin in replacement of tra#itional (ro&n# ta"le neotiations) $ith

(correspon#ences) after the last meetin on 1*th+&ne 21- has shattere#

o&r hopes an# "attere# o&r #reams of an earl. settlement. *he entire

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work%or$e hae %elt the ins!lt in%li$ted by IBA, who %ailed to lie !#to the

e0#ressions "ade by IBA &hair"an in the %irst ro!nd o% dis$!ssions held on

)+3)+13 that the settlement would be concluded at the earliest with

reasonable, respectable and comparable wage revision compared with external

factors


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be$a!se o!r de"ands were reasonable b!t that ea$h a$hiee"ent is in$o"#lete

ins#ite o% its reasonableness. It re8!ired bitter str!''les be%ore in$h o% #ro'ress

$o!ld be "ade. *hro!'ho!t this histori$ $ent!ry o% str!''les r!ns one red

thread o% $ontin!ity is ) resistan$e ) by the e"#loyers to de"ands o% the

e"#loyees %or i"#roe"ents een tho!'h reasonable. *he stran'e ar'!"ents

ado$ated by the Bank Eords be%ore the *rib!nal %or the Banks dis#!tes and

now by IBA, stand elo8!ent witness to this $oni$tion. I re8!est the readers to

'oo'le and 'o thro!'h the s#!r5ios ar'!"ents denyin' bank e"#loyees

reasonable wa'es een d!rin' the Desai award =19> days =see #ara .19. to

.11, #a'e 14+ desai ward>

e know the "ethods IBA !sed to ado#t to dilate o!r iss!es and hoodwink o!r

de"ands. B!t this ti"e the boldness, so#histry, r!thlessness and $o!ra'e with

whi$h they hae $o"e o!t o#enly and s#elt o!t their !nwillin'ness to a$$e#t

o!r reasonable de"ands and res#onse "akes bi#artite $!lt!re a "o$kery.

Denial o% o!r (!st de"ands is !n$ons$ionable and !n(!sti%ied.

I% today in o!r an0iety to se$!re arrears and "ar'inal in$rease in wa'es, we

$o"#ro"ise on #rin$i#les in a$$e#tin' their !nreasonable, irrational de"ands,

to"orrow we will be $o"#elled to si'n on dotted lines een in "atters s!i$idal

to o!r interest.

IBAs s#!rio!s, #ererse theories whi$h we e0#osed and e0#loded as the #ast

are a'ain in the "arket o% ind!strial relations with their s#!rio!s #rod!$ts

sowin' seeds o% ind!strial !nrest. *heir #et theories are standin' "on!"ents o%o!r a'ony and st!"blin' blo$k %or ind!strial #ea$e.

I hae "ade so"e "ade so "odest atte"#t to enhan$e the awareness o% bank

e"#loyees $!llin' i"#ortant %a$ts %or" the 'li"#ses o% history. let history

re$ord that in s#ite o% the 'reatest odds Bank e"#loyees wo!ld stand !# and

resist in(!sti$e and re(e$t with disdain and $onte"#t the de"ands o% IBA with

lo'i$ and reason , retainin' the 'ro!nd sells o% histori$al #ers#e$tie. Needles

to !nders$ore that the #resent is i"bedded in the #ast and %ro" the #resent

%!t!re 'rows as #er law o% nat!re.

Eet !s 'et e"boldened %or" historyG

9rinciples of :ae i%ationSo!r$eG Desai Award

.3. *his *rib!nal has been $onstit!ted !nder the Ind!strial Dis#!tes A$t,

1954. *he #rea"ble to the A$t indi$ates that the said A$t was ena$ted to "ake

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#roision %or the inesti'ation and settle"ent o% ind!strial dis#!tes, and %or

$ertain other #!r#oses a##earin' in the said A$t. Under se$tion 4B, the Central

Government is empowered to constitute one or more National Industrial

Tribunals for the adjudication of the industrial disputes which, in the opinion

of the Central Government, involve questions of a national importance or for

the adjudication of industrial disputes which are of such a nature that

industrial establishments situated in more than one tate are li!el" to be

interested in, or affected b", such disputes# In considering disputes the

adjudication whereof involves questions of a national importance it would not

be out of place to refer to the following words of the $reamble to the

Constitution of India which express the will of the people of India %&

'e, the $eople of India, having solemnl" resolved############to secure to all its

citi(ens % )ustice, social, economic and political* ############ +qualit" of status and

of opportunit"* and to promote among them all raternit" assuring the dignit"

of the individual##################### give to ourselves this Constitution#-

By the Dire$tie rin$i#les o% State oli$y e"bodied in Arti$le 53 o% the&onstit!tion it is #roided that the State shall endeao!r to se$!re, by s!itable

le'islation or e$ono"i$ or'anisation or in any other way to all workers,

a'ri$!lt!ral, ind!strial or otherwise, work, a liin' wa'e, $onditions o% work

ens!rin' a de$ent standard o% li%e and %!ll en(oy"ent o% leis!re and so$ial and

$!lt!ral o##ort!nities.

.3. n 1st De$e"ber 195 the Eok Sabha ado#ted a resol!tion by whi$h the

establish"ent o% a so$ialisti$ #attern o% so$iety has been a$$e#ted as the

ob(e$tie o% State oli$y with the $onsent and $on$!rren$e o% all the #oliti$al

#arties in the $o!ntry. *he ad(!di$ation in res#e$t o% the "atters re%erred to the*rib!nal has to be done in the ba$k'ro!nd o% the state"ent in the rea"ble to

the &onstit!tion, the Dire$tie rin$i#les o% State oli$y and the resol!tion

!nani"o!sly ado#ted by the Eok Sabha.

.34. *he (!risdi$tion o% a National Ind!strial *rib!nal in deter"inin' "atters

whi$h $o"e be%ore it is in $ertain res#e$ts wider than the (!risdi$tion o% an

ordinary &o!rt o% law. An ordinary &o!rt o% law #ro$eeds on the %ootin' that no

#ower e0ists in the &o!rts to "ake $ontra$ts %or #ersons and that the #arties

"!st "ake their own $ontra$ts. *he &o!rts rea$h their li"it o% #ower when

they en%or$e $ontra$ts whi$h the #arties hae "ade. An Ind!strial *rib!nal isnot so %ettered and "ay $reate new obli'ations or "odi%y $ontra$ts in the

interest o% ind!strial #ea$e, to #rote$t le'iti"ate trade !nion a$tiities and to

#reent !n%air #ra$ti$e or i$ti"isation. It has been so held by the S!#re"e

&o!rt in Rohtas Ind!stries Etd. . Bri(nandan ande and others, 19 S!#re"e

&o!rt Re#ort H++, 19 =II> Eabo!r Eaw 2o!rnal 555 at #a'e 559. As obsered

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by E!dwi' *eller in Eabo!r Dis#!tes and &olle$tie Bar'ainin', Vol. I at #a'e

3 G

;Ind!strial arbitration "ay inole the e0tension o% an e0istin' a'ree"ent, or

the "akin' o% a new one, or in 'eneral the $reation o% new obli'ations or

"odi%i$ations o% old ones, while $o""er$ial arbitration 'enerally $on$erns

itsel% with inter#retation o% e0istin' obli'ations and dis#!tes relatin' to e0istin'

a'ree"ents. Eiin' a'e,

=> Fair a'e, and

=3> ini"!" a'e.

*hese $on$e#ts hae been %airly dealt with in the re#ort o% the &o""ittee on

Fair a'es. A lar'e #art o% its $on$l!sions has been a$$e#ted by the S!#re"e

&o!rt in the $ase o% 70#ress News#a#ers =riate> Etd. and another . *he

Union o% India, 199 S!#re"e &o!rt Re#ort 1, 191=1> Eabo!r Eaw 2o!rnal

339. *he "ost e0#ressie de%inition o% a liin' wa'e is that 'ien by 2!sti$e

i''ins o% the A!stralian &o""onwealth &o!rt o% &on$iliation in the

arester $ase. A liin' wa'e is de%ined by 2!sti$e i''ins as one a##ro#riate

%or ;the nor"al needs o% the aera'e e"#loyee, re'arded as a h!"an bein'

liin' in a $iilised $o""!nity.< *his $ry#ti$ #rono!n$e"ent has been

e0#lained by 2!sti$e i''ins by sayin' that a liin' wa'e "!st #roide not"erely %or absol!te essentials s!$h as %ood, shelter and $lothin' b!t %or ;a

$ondition o% %r!'al $o"%ort esti"ated by $!rrent h!"an standards.


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and the "aintenan$e o% abo!t %ie #ersons in a ho"e wo!ld not be treated as a

liin' wa'e


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$o!ntry "ay be treated as a liin' wa'e in another, whereas what "ay be

re'arded as a liin' wa'e in one $o!ntry "ay be no "ore than a %air wa'e in

another.< It has %!rther obsered at #a'e 39 that !nder the liin' wa'e a

work"an wo!ld be entitled to $lai" an o#ti"!" diet as #res$ribed by Dr.

Aykroyd. Si"ilarly the re8!ire"ents as to $lothin' and residen$e whi$h hae

been re$o'nised in the tri#artite resol!tion, tho!'h a##ro#riate in re%eren$e to a

need based "ini"!" wa'e wo!ld hae to be widened in relation to a liin'

wa'e. Besides, in deter"inin' the "oney al!e o% the liin' wa'e it wo!ld

bene$essary to take into a$$o!nt the re8!ire"ents o% ;'ood ed!$ation %or

$hildren, so"e a"!se"ent, and so"e e0#endit!re %or sel% deelo#"ent. the #rod!$tiity o% labo!rL

=> the #reailin' rates o% wa'es in the sa"e or si"ilar o$$!#ations in

the sa"e or nei'hbo!rin' lo$alitiesL=3> the leel o% the national in$o"e and its distrib!tionL and

=5> the #la$e o% the ind!stry in the e$ono"y o% the $o!ntry A$$ordin' to

the Re#ort o% the &o""ittee on Fair a'es in deter"inin' the

$a#a$ity o% an ind!stry to #ay, it wo!ld be wron' to take the $a#a$ity

o% a #arti$!lar !nit or the $a#a$ity o% all ind!stries in the $o!ntry. *he

releant $riterion sho!ld be the $a#a$ity o% a #arti$!lar ind!stry in a

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s#e$i%ied re'ion to be as$ertained by takin' a %air $ross se$tion o% that

ind!stry. *he S!#re"e &o!rt in the $ase o% the 70#ress News#a#ers

=riate> Etd. at #a'e 3 has obsered thatG

;*he $a#a$ity o% an ind!stry to #ay sho!ld be 'a!'ed on an ind!stry $!")

re'ion basis a%ter takin' a %air $ross)se$tion o% that ind!stry. In a 'ien $ase it

"ay be een #er"issible to diide the ind!stry into a##ro#riate $lasses and then

deal with the $a#a$ity o% the ind!stry to #ay $lasswise. TO 9A>

.134. hilst $onsiderin' the 8!estion o% wa'es in the bankin' ind!stry, it will

be ne$essary to $onsider the 8!estion o% the $a#a$ity o% the ind!stry to #ay

wa'es aboe the bare "ini"!" wa'e and the #la$e o% the ind!stry in the

e$ono"y o% the $o!ntry. *he 8!estion $on$ernin' the $a#a$ity o% an ind!stry to

#ay wa'es has been dealt with at so"e len'th by the S!#re"e &o!rt in the $ase

o% 70#ress News a#ers =riate> Etd., and another . *he Union o% India and

others, re#orted in =199> S!#re"e &o!rt Re#orts, #a'e 1 at #a'es H9 to 93.As the S!#re"e &o!rt has obsered in that $ase, the $a#a$ity o% ind!stry to #ay

$an "ean one o% the three thin's, iK., =i> $a#a$ity o% a #arti$!lar !nit,

="ar'inal, re#resentatie or aera'e> to #ay, =ii> the $a#a$ity o% a #arti$!lar

ind!stry as a whole to #ay, or =iii> the $a#a$ity o% all ind!stries in the $o!ntry to

#ay. A%ter $onsiderin' the ario!s as#e$ts o% the "atter, the S!#re"e &o!rt has,

at #a'es 9 and 93 o% the a%oresaid re#ort, obsered as %ollows G

;*he #rin$i#les whi$h e"er'e %ro" the aboe dis$!ssion areG

=1> that in the %i0ation o% rates o% wa'es whi$h in$l!de within its

$o"#ass the %i0ation o% s$ales o% wa'es also, the $a#a$ity o% the ind!stry

to #ay is one o% the essential $ir$!"stan$es to be taken into $onsideration

e0$e#t in $ases o% bare s!bsisten$e or "ini"!" wa'e where the

e"#loyer is bo!nd to #ay the sa"e irres#e$tie o% s!$h $a#a$ityL

=> that the $a#a$ity o% the ind!stry to #ay is to be $onsidered on an

ind!stry)$!")re'ion basis a%ter takin' a %air $ross se$tion o% the

ind!stryL and

=3> that the #ro#er "eas!re %or 'a!'in' the $a#a$ity o% the ind!stry to

#ay sho!ld take into a$$o!nt the elasti$ity o% de"and %or the #rod!$t, the

#ossibility o% ti'htenin' !# the or'anisation so that the ind!stry $o!ld#ay hi'her wa'es witho!t di%%i$!lty and the #ossibility o% in$rease in the

e%%i$ien$y o% the lowest #aid workers res!ltin' in in$rease in #rod!$tion

$onsidered in $on(!n$tion with the elasti$ity o% de"and %or the #rod!$t

no do!bt a'ainst the !lti"ate ba$k'ro!nd that the b!rden o% the

in$reased rate sho!ld not be s!$h as to drie the e"#loyer o!t o%

b!siness. %or Febr!ary 191 at 5+

Bo"bay inde0 n!"ber when the $orres#ondin' all)India $ons!"er #ri$e inde0

with base as 1959, was 13.

If the metho# a#opte# ". the La"o&r Appellate Tri"&nal for the p&rpose of

fi%in the total emol&ments of a cler/ in an A 6lass "an/ in Area I is

a#opte#, there is a oo# case ma#e o&t for re!ision of the emol&ments

of$or/men in the "an/in in#&str.'


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3'1C1' Ha!in consi#ere# all aspects of the matter, I am of the !ie$ that to

the e%tent that pre!ailin rates of $aes in similar occ&pations in the same

localities pla. a part in the fi%ation of $aes, the $or/men ha!e ma#e o&t

a case for an &p$ar# re!ision of their emol&ments.

6ON6LUSION


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. &entral 6oern"ent dire$tly and indire$tly thro!'h other SUs like EI&

o% India et$. holds "a(ority o% the shareholdin's in #!bli$ se$tor banks.

3. Seeral #!bli$ se$tor banks are bankers to the 'oern"ent ) &entral or

State ) either as a lender or a $!stodian o% 'oern"ent %!nds. !bli$

se$tor banks hae s!bs$ribed to seeral 6oern"ent ro"issory Notes,

*reas!ry Bills and Bonds and Debent!res iss!ed by StateM&entral SUs.

5. !bli$ Se$tor Banks hae established and "ana'e &!rren$y &hests

thro!'ho!t the $o!ntry on behal% o% RBI, th!s #layin' a ital role in

$!rren$y iss!e and "ana'e"ent /printing is the sole prerogative of 01I2#

. !bli$ Se$tor Banks r!n $learin' ho!ses thro!'ho!t the $o!ntry, thereby

hel#in' the 'oern"ent "ana'e the nation-s e$ono"y, trade and

$o""er$e.

. 7en today, !bli$ Se$tor Banks hae the "a(ority share o% the #!bli$

sain's ="ore than 44?>, en(oyin' the $on%iden$e and tr!st o% "ost o%

the $o""on $itiKens.

4. B!t %or the low wa'es, #!bli$ se$tor banks are one o% the drea"

destinations %or tho!sands o% as#irin' yo!th in the $o!ntry.

H. !bli$ Se$tor Banks as a 'ro!# are the se$ond lar'est e"#loyer, ne0t

only to Indian Railways, #roidin' e"#loy"ent to lakhs o% !ne"#loyed

yo!th.

9. !bli$ Se$tor Banks as $o""er$ial entities and the sta%% workin' in the"are one o% the "a(or $ontrib!tors to 'oern"ent-s kitty, as they are one o%

the %ew honest ta0 #ayin' 'ro!#s.

1+.Under the '!idan$e and s!#erision o% RBI, #!bli$ se$tor banks #lay a

ital role in "ana'in' the #re$io!s %orei'n e0$han'e assets o% the

$o!ntry.

11.Bankin' Re'!lation A$t, 1959 and Ne'otiable Instr!"ents A$t, 1HH1 are

two i"#ortant A$ts o% Union o% India, whi$h broadly 'oern the

%!n$tionin' o% 'eneral bankin' in India.1.Bankin' #oli$ies and o#erational '!idelines are broadly desi'ned by

De#art"ent o% Finan$ial Seri$es, Finan$e inistry, 6oern"ent o%

India and the bankin' ind!stry is "onitored and $ontrolled by the

'oern"ent, in asso$iation with RBI.

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13.Bank olidays are de$ided by the res#e$tie State 6oern"ents and

#!blished in o%%i$ial 'aKettes.

15.!bli$ Se$tor Banks iss!e Bank 6!arantees on behal% o% Cresident o%

India.

1.In 1949, &entral 6oern"ent had a$$e#ted illai $o""ittee

re$o""endation on the #oint that the Bank o%%i$ers salary will be e8!al

to that o% &lass 1 o%%i$ers. By doin' this, the $entral 'oern"ent has

indire$tly ad"itted that #!bli$ se$tor bank e"#loyees are to be treated

on e8!al %ootin' with the 'oern"ent e"#loyees.

1.&entral 'oern"ent !ses SBs %or ario!s #!r#oses like *a0 $olle$tion,

i"#le"entation o% so$io)e$ono"i$ #oli$ies o% the nation iK. tar'eted

lendin' =#riority se$tor lendin'>, distrib!tion o% s!bsidies and 'rants,

%inan$ial in$l!sion et$.

14.Bank e"#loyees are inited to a##ly %or a$an$ies on de#!tation basis ininstit!tions like DR*, &BI, FIU)IND, IBA et$.

1H.Bank sta%%s are dra%ted %or ele$tion d!ties by 7le$tion &o""ission o%

India.

19.Bank ana'ers are e"#owered to attest $ertain do$!"ents %or li"ited

#!r#oses, by the 'oern"ent.

+.S!$$essie Finan$e inisters hae a$knowled'ed the %a$t that only

be$a!se o% the #!bli$ se$tor banks in India, we as a nation $o!ld

s!$$ess%!lly ins!late o!rseles a'ainst the trib!lations that (olted the

So!th 7ast Asian &o!ntries in the late 199+s, the 'lobal re$ession thatt!rned the e$ono"y o% seeral A"eri$an States to#sy)t!ry in ++H)1+

and the ery re$ent $risis that enelo#ed the 7!ro#ean nations like S#ain,

6ree$e, Italy et$

1..East b!t not the least, #!bli$ se$tor banks 'enerate ery s!bstantial

reen!e %or the Union 6oern"ent, by way o% iss!an$e o% diidend on

their shares

.ol!"e and arieties o% work handled by bank e"#loyee are beyond

$o"#arison

3.*he #rod!$tiity #er e"#loyee, b!siness #er e"#loyee and bran$h and

#ro%itability o% #!bli$ se$tor banks ahs enhan$ed "any %olds.

5.It is pertinent to mention here that ; th9a. 6ommission has "een

constit&te for re!ision of salaries of central o!ernment emplo.ees,

$hereas "an/ emplo.ees are .et to catch the salaries the. are ettin

as per th9a. 6ommission report'

1H


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.*here is stee# raise in &I in%lation and the salaries in absol!te ter"s

hae also been eroded. $ons!"er #ri$e inde0 ahs already in$reased by

1+1 n!"bers oer 555+ whi$h was #reailin' on +1)11)+1 i.e. the

leel at whi$h IBA ahs a'reed to "er'e the DA with basi$ #ay

.And aboe all there is a dan'er o% #o!$hin' o% the e0istin' yo!n' and

trained sta%% o% #!bli$ se$tor banks by new 'eneration o% #riate se$torbans and %orei'n banks whi$h will "er'e as #er bankin' #oli$y.

H5N65 OU D5MAND O 23 4 HIK5 IS +UST AND IGHT'

7en with ? hike we will (!st be in$hin' towards so"e se"blan$e o% #arity

with #ay o% 'oern"ent e"#loyees i% we eal!ate the #ro(e$ted salary in anil

in the wake o% 4the #ay $o""ission.

Friends

The capacit. to pa. is ne!er the stan#ar# of an. capitalist $hen he starts

an in#&str.'*hey st!dy the "arket so"e where they %ind the rate o% #ro%it to

be +, so"ewhere 3+ and so"e where +. *hey try to $ash on it and $o"e with

their a$$!"!lated $a#ital, reseres or so"e thin's Q Rs. $rores or Rs. 1+

$rores and #!t it in to "!$h "a$hinery, so "!$h raw "aterial and 'o on

h!ntin' %or the worker see at what will they $an b!y the labo!r #ower. *hen

they $al$!late that i% the labo!r #ower is #!r$hased Rs.1+ a day their rate o%

#ro%it will 'o down %ro" Rs.+ to 3+. So they red!$e the rate' So the capacit.

to pa. is reall. the capacit. to earn the hihest rate of profit . An# $e


20/22

ND*V ro%it on 1)+)+15. Fis$al de%i$it was at Rs.19,9 &rores %or +13)

15 as #er the news ite" #!blished in ario!s news#a#ers

I% the $entral 'oern"ent re$oers a %ra$tion o% NA whi$h aro!nd si0 lakh

$rores thro!'h strin'ent le'islations and "eas!res and %!rther re$oers the

h!'e ta0 arrears d!e %ro" bi' ind!strial ho!ses, lar'e $or#orate 'ro!#s, N&s

and hi'h net worth indiid!als =NIs>, in In$o"e *a0, Seri$e *a0, &!sto"s

D!ty, 70$ise D!ty, ro#erty *a0 et$. in %!ll /Income Tax arrears alone stood at

0s#345,555 crores as at the end of 6arch, 75892, bank and 'oern"ent

e"#loyees $an be easily 'ranted (!st share o% al!e added in the %or"s o% (!st

wa'e reisions.

In iew o% the a%oresaid #rin$i#les laid by Indian (!ris#r!den$e , %or bank

e"#loyees o!r de"and o% ? hike in #ay sli# $o"#onents is %air , (!st "eets

ends o% (!sti$e and sho!ld be seiKed %or" !nyieldin' hands no holds barred.

I% today in o!r an0iety to se$!re arrears and "ar'inal in$rease in wa'es, we$o"#ro"ise on #rin$i#les in a$$e#tin' their !nreasonable, irrational de"ands,

to"orrow we will be $o"#elled to si'n on dotted lines een in "atters s!i$idal

to o!r interest

*his in short is the e"er'in' s$ene and en'!l%in' sit!ation. e know that

wa'es or #riile'es we 'et today are not $harity o% IBA. It is the herita'e and

le'a$y o% o!r s!stained str!''les and ins#irin' sa$ri%i$es. e hae s!ried

%!rio!s stor"s and '!sty winds. e know as a res#onsible Union, when to

or'anise and how to a'itate. e hae the 'lorio!s #ast, #otential #resent and

$hallen'in' %!t!re.

*here%ore let history re$ord that in s#ite o% the 'reatest odds Bank e"#loyees

irres#e$tie o% their !nion a%%iliations wo!ld stand !# and resist in(!sti$e and

re(e$t with disdain and $onte"#t the de"ands o% IBA

!r res#onse to IBAs o%%er $an only be o!r !nity. Eet !s de"onstrate on$e %or

all that the dedi$ation and $oni$tion we hae in !#holdin' o!r di'nity $annot

be hi'h (a$ked by IBA nor it $an be #!r$hased or bartered. Eet the world know

o!r $ons$io!sness is not %or sale.

e are s!re yo! will draw a##ro#riate $on$l!sions and #ro#er de$isions in this

re'ard.=see Anne0!re A>

+


21/22

ANNEXURE A

MONTHLY SALARY OF CENTRAL GOVERNMENT STAFF AND

BANK STAFF (OTHER THAN OFFICERS) AS ON 01-08-2013 ACOMARISON

Eario&s

6omponents

of Monthl. 9a.

6entral Go!t'

Staff

(!" #$ B#"%

1

S&"?staff in

0an/s

6entral Go!t'

Staff

(!" #$ B#"%

2

6lerical staff

in 0an/s

Basi$ ay 5,H+ ,H+ H,4++ 4,++

6rade ay 1,H++ N I : 5,++ N I :

S#e$ial ay /at theminimum for ban!

staff2

N I : 35+ N I : ++

Total , ,1F 12,F ;,;

Dearness Allowan$e,995

/;

3,+5+

=1,++9+?

DA>

Sta%%

el%areMroisions

N I : ++ N I : ++

News#a#er N I : 1++ N I : 1++

Gross Monthl.

salar.1C,2F2 1*,- **,F2 1,--

1


22/22

now at least let them not mournand allege Bank employees earn.

more than they yearnstatistics they should learn

Low Wages and !g" P#od$%&!'!&( !s E)PLO*TAT*ON Low P#od$%&!'!&( and !g" Wages !s +AR*TY

Low Wages and Low P#od$%&!'!&( !s S,*+*DE !g" Wages and !g" P#od$%&!'!&( !s PROSPER*TY-

To be continued??

7"ailG a"b!($hin!T'"ail.$o"

Documents

AFTER 100 DAYS OF NEW GOVERNMENT NO KHUSHI, STILL GHAM FOR BANK EMPLOYEES