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Saturday, January 9, 2016

LIC wage revision notification status update

Insurance employees are eagerly waiting for release ofnotification. It was reported in this blog that notification was likely to come out in last month . We reported as per the information available at that point of time but later on it was proven wrong. We apologize the misleading information.
As per the recent information available,
"We know that every one is anxious about the fate of wage revision. 
I spoke to co as well as ministry. I can assure you that there is no problem and it is only the unavoidable red tape and we are going to get it without much delay. 
Please be patient. There may be an icing on the cake in the form of 5 day week also coming along with thisnotification itself. In that case we may have to wait for some more days."
Source : Class I Federation (8/01/16)
  
 "all formalities regarding wage notification have been completed & the notification is expected any time.

   Since till now it has not been issued, we sought the intervention of our President Shri Prakash Javadekarji who was on a visit to Mumbai today(7.01.16). Javadekarji immediately contacted Anjuli Duggal, Secretary, Financial Services. At that moment she was preoccupied in one of the series of pre-budget meetings going on currently. Later she called up Javadekarji & told him that a spate of pre-budget meetings were going on at the moment, hence, it couldn't be released.
 She also said that the 5 days' week notification was also in the final stage. However, it would be released some time after the wage notification. 
She confirmed that indeed the process was complete & the wage notification would be issued soon."
Source : NOINO.
As per some unconfirmed news, notification may release on Monday, 11th Jan'16.

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