BREAKING NEWS

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, November 21, 2021

IBA CHAIRMAN ABOUT UPDATION of Pension

IBA CHAIRMAN ABOUT UPDATION !!!!!!!!     
DECODING THE REAL MEANING :-                
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IBA Chairman said the follwing :- 
"President of * SBBJ Outgoing Member Institute, Bhilwada * Mr. G K Jain * participated in the Conversation Meeting organised by Mewar Chamber of Commerce and Industry Bhilwara to welcome the President of Indian Bank Association (IBA) Mr. Atul Kumar Goyal. Mr. Jain drew his attention on the matter of pension revision in the Q & A program organized on this occasion. In reply, Mr. Goyal Saheb said that the pension revision of bank pensioners is a very burning matter and it is likely to be done by March 2022 "
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The IBA Chairman has told the following words : 
1) the pension revision of bank pensioners is a very BURNING  matter  
 MY OPINION : Burning matter includes the IBA/DFS also. So it must be receiving  the top most priority right now. 
2 ) He has further told that " there is every possibility of it being done by March, 2022.". 
 MY TAKE ON THAT :  " it being done" may well denote " implementation of Updation ," If so the , announcement of Updation may well be made much before " 31/03/2022". 
3) MY FURTHER VIEW : Now the Central Govt. is fully busy with announcing /launching/inaugurating various developmental/social/populist programmes for the various groups/ states/segments of the society. They would like to do these welfare programs much before the ensuing elections in 5 states during Feb -March 2022. All popular/welfare schemes' announcements should be made well before Feb 2022 for reaping electoral dividends also. Hence I am of the opinion that the Govt. may be announcing the Pension Updation well within the period of December -January and the implementation part may take place by March end 2021. ( Please note that The DFS announced the FPR on 25/08/2021 itself but the implementation has taken in the first and 2nd week of the November 2021 only. Like wise , the Updation Announcement will be made early ).

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