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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*********

Wednesday, February 20, 2019

UFBU MEETING UPDATE AS ON 20.02.2019

Today all the constituents of UFBU are meeting to discuss the issues confronting the UFBU with regards to the media reports on wage revision attributed to AIBEA from Kanpur meeting and also to discuss on AIBOC and NOBO joint letter to IBA not to hold talks with UFBU. These developments were not in tune with UFBU decision to hold talks with IBA on 02.02.2029.


The inside fighting appears to be very tense and shows negative on the utterances of AIBEA to participate in the talks and sign the settlement even if AIBOC does not participate in the talks as per media reports.

On the other hand AIBOA has taken a stand and has stated their issues to be taken up for discussion. But there is no evidence of the Retirees demands of even Pension Updation and Family Pension in the issues listed by AIBOA in today's discussion. 

AIBOC has already made their stand clear after publically declaring that they will not sign the wage revision settlement until the Retirees demands of Pension Updation and Family Pension are resolved. Kudos to them.

On the other hand Shri CHV of AIBEA has conveyed us that the main demand of Pension updation is not possible at present due to no money or fund crisis in our Pension Trust Funds having negative balance. He clearly stated that Pension Updation will be taken up only when funds in the Pension Trust Funds will suffice to bear the substantial amount. However the demand of Family Pension may figure in this BPS negotiations.

It's really surprising to note that Shri CHV view and version about Pension Trust fund is far behind truth besides there is enough proof and evidence that money in Pension Trust Funds is more than sufficient to meet the increased cost of Pension Updation and Family Pension. We can't accept these lame excuses.

Hence we have to keep our fingers crossed to see the outcome of today's meeting of all UFBU constituents before going in for BPS negotiations on 21.02.2019.
Let's hope that some good sense will prevail upon our leaders and they take up the issues Retirees tomorrow else we are fighting and will fight for finish.

With warm regards,

Jugal Kishore Julka
Team AIBRAF
NEW DELHI.

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