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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Sunday, July 3, 2016

7th Pay Commission: 33 Lakh Government Employees Warn Of Strike

With widespread resentment against the "meagre" pay hike announced in the Seventh Pay Commission, as many as 33 lakh central government employees are threatening to go on strike from July 11.

"They have fixed the minimum wage at a meagre Rs. 18,000 in the Seventh Pay Commission. In the last Pay Commission, the basic pay was Rs. 7,000. They multiplied it by 2.57 (fitment formula) and came to Rs. 18,000. We are demanding 3.68 fitment formula," Shivgopal Mishra, General Secretary, All India Railway Men Federation and Convenor of National Joint Council of Action (NJCA), told IANS.

NJCA is a front formed by six government staff unions, including Confederation of Central Government Employees (CCGE), All India Defence Employee Federation and National Coordination Committee of Pensioners Association, to oppose the hikes given by the Seventh Pay Commission.

"As many as 33 lakh government employees, excluding the defence personnel, will go on strike if we do not get some kind of assurance from the government to reconsider the decision. The major contention is on the minimum wage, which we are demanding to be Rs. 26,000," K K N Kutty, president of CCGE and general secretary of national coordination committee of pensioners association, told IANS.

"We had a meeting with a group of ministers, including the home minister (Rajnath Singh), finance minister (Arun Jaitley) and railway minister (Suresh Prabhu) on the evening of June 30. They said it will be considered and will be referred to some committee," said Mr Mishra.

"We are waiting to hear back on this from the government by July 4 evening or July 5. In our meeting, it was only a verbal commitment. If the government gives us specific details like which committee will review, etc. then we will defer the strike. We have a meeting on July 5 to decide on the strike," Mr Kutty said.

"We had met the government on June 9, and suggested various improvements in the Seventh Pay Commission's recommendations. But the government has not given any heed to whatever improvements we had proposed. They have given same hike as suggested by Seventh Pay Commission," C Srikumar, general secretary, All India Defence Employees Federation, told IANS.

Mr Srikumar contends that the prices of essential commodities considered by the Seventh Pay Commission itself were faulty, which has resulted in the meagre rise.

"Price considered of essential commodities by pay commission is not right. They have taken dal price at Rs. 97. Where do you get dal for Rs. 97?" he said.

NJCA is also demanding for the withdrawal of the new national pension scheme (NPS), which came into effect from October 2004.

"A lady employee, who got the job after her husband's death, retired after 12 years of service. She comes under the new NPS scheme as she joined service after 2004. She gets Rs. 960 pension per month," Mr Srikumar said.

However, while the fate of the strike is still unknown, a central government junior staffer on the condition of anonymity told IANS, "I don't think much will come out of the strike. The only thing the government might do is increase the allowances slightly, that's it."

The Bharatiya Mazdoor Sangh (BMS) has also expressed its "dissatisfaction" at the Seventh Pay Commission's recommendations.

"A huge gap has been created between the minimum and the maximum wage after the government approved the Seventh Pay Commission Report's recommendation," BMS general secretary Virjesh Upadhyay told IANS earlier.

However, BMS is not expected to go on strike as it is not a part of  NJCA.

The Union Cabinet has decided to constitute three separate committees, including one to look into the anomalies likely to arise out of enforcement of the commission's report.

"The two separate committees constituted includes for suggesting measures for streamlining the implementation of National Pension System (NPS) and to look into anomalies likely to arise out of implementation of the Commission's Report," said an official statement earlier.

The Cabinet approved the Seventh Pay Commission's recommendations for central government employees on July 29, which will impact some 47 lakh central government employees and 53 lakh pensioners.

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