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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*********

Saturday, October 26, 2019

We want decent wage revision and better service conditions.

I have gone through all the responses to my earlier post with interest and lots of amusement.

I could clearly understand that most of those who commented here have neither read any Bipartite Settlement nor any CPC Report. I would request them to read and understand.

CPC is Central Pay Commission . It's for Central Government Employees. Means, it is for those employees who earn salary from the consolidated fund of India.

There are dozens and dozens of Public Sector Units under the Central Government. They pay their employees from their own income. If income is too low or losses are heavy, they face a lay-off. If profits are insufficient, they don't give any wage revision. In any case, the Central Government doesn't fund any PSU to give its employees a pay hike. This is Government of India policy and law of the land. I don't know how many of you are aware of this.

Given this basic difference, there is no question of CPC being extended to any PSU, including Bank.

Added to this, please remember that several Banks covered by Bipartite are in Private Sector. So, CPC is absolutely ruled out.

Hence, we have to get our wage revision  through the mechanism of Bipartite Negotiations.

Be calm and support the UFBU. We will get a decent wage revision and better service conditions.

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4 comments:

Anonymous said...

What about pillai committee and recent notification of GOI regarding parity of entry level officer if psus and psbs at par to group A services. Ask for parity not copy paste of cpc

Anonymous said...

Basic problem is you are negotiating to IBA which is not a legal body. It is basically a trap for you . Other psbs and LIC are getting better salary and perks than you.

Unknown said...

All psu except bank get pay commission with different name. 3cpc 4cpc etc.

Unknown said...

Absolutely right your questions.

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