The final decision on the 11 th bi- partie settlement can be made subject to the outcome of the Writ Petition No.21535/19

*11 th Bipartite settlement update*

*Banking is the FIRST industry poised to implement Code On Wages - 2019 Act*

This Act is the first ever Act made to become applicable to All over India including J & K.

*Bank Officers who are hitherto outside the preview of Labour act since Independence are now covered under this Act*

This act envisages *BASIC MINIMUM WAGES* commensurate with standard of living and nature of work attendant on that job.

So, any negotiations for officers scale of pay shall be over and above the Minimum Wages.

*This Act discards Paying Capacity, Percentage of Increase etc.,etc.,This Act was notified on 08/08/2019*

In the above regard, *Writ petition number 21535/2019 was filled by Mr.M.Pounraj from Madurai before the Madurai bench of Madras High Court seeking direction to the DFS  Ministry of Finance, to ensure that the 11th bi-partie negotiations by IBA scheduled on 15/10/2019 take into account by considering the Code On Wages - 2019 Act and 7 th pay commission*

*The Honorable Court was pleased to order:*

 *Notice*

*Any result was made it is subject to the out come of the Writ petition No.21535/19*

Next hearing : 21/10/19

 

Canara Bank,IBA,AIBOC,CBOA are other respondents.

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Now the final decision on the 11 th bi- partie settlement can be made subject to the outcome of the Writ Petition No.21535/19

I.Pinaygash

Advocate

99 Law Chambers

Madurai