Tuesday, 3 February 2015

Dearness Relief payable for the period February, 2015 to July 2015

Dearness Relief payable for the period February, 2015 to July 2015 to (a) surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.1986 retirees who are in receipt of Ex-gratia
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2014-15/1279
31st January 2015
Designated Officers of all Nationalised Banks and Associate Banks of State Bank of India
Dear Sirs,
Dearness Relief payable for the period February, 2015 to July 2015 to (a) surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.1986 retirees who are in receipt of Ex-gratia
As per the directive contained in the Government of India, Ministry of Finance Department of Financial Services (Banking Division) letter F.No.11/2/2012-IR dated 17.12.13, the Dearness Relief payable to surviving pre 1.1.1986 retirees/surviving spouses of pre 1.1.86 retirees of banks for the period February to July 2015 will be as under :
Applicable CPI
Average

Amountof
Ex-gratia
per month
Rate ofAmount of dearness Relief   Dearness Relief
per month
Total Ex-gratia
amount
induding
Dearness Relief
per month
Z %            Z Z
5774 Pre 1.1.86
retirees
Surviving spouses of pre 1.1.86 retirees
350 866.31 3032 3382
175 866.31 1516 1691

yours faithfully,
sd/-
K S Chauhan
Senior vice President
Source: http://www.iba.org.in/Documents/Cir_12790001.pdf

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2015

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2015.
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/76/D/2014-15/1277
31st January, 2015
All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2015. under IX BPS/Joint Note dt. 27.4.10

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2014 are as follows:-

Oct 2014 – 5774.95
Nov 2014 – 5774.95
Dec 2014 – 5774.95

The average CPI of the above is 5774.95. Consequently, dearness allowance to employees is payable for 734 slabs for the period February, March & April 2015 i.e., an increase of 2 slabs over the Current level.
In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of dearness allowance payable to workmen and officer employees for the months of February, March & April 2015 shall be 110.10% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowances to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,
Sd/-
K S Chauhan
Senior Vice President
Source: http://www.iba.org.in/Documents/Cir_12770001.pdf

TAMILNADU CONFEDERATION PROTEST DAY MEETING HELD ON 28.01.2015

TAMILNADU CONFEDERATION PROTEST DAY MEETING HELD ON 28.01.2015

A special meeting of TN Confederation was conducted at the meeting hall of Shastri Bhavan on 28.1.2015 by 01.00 PM.

Protest day was observed condemning the administration of Kalpakkam Atomic Power Plant for unleashing Trade Union victimisation against the office bearers for organising the two days nationwide strike during Feb.12,13.02.2014 announced by Confederation.

A resolution was passed unanimously for immediate withdrawal of disc. action taken against the office bearers of the kalpakkam Atomic Energy Employees’ Assn. and to reinstate the suspended office bearers This was sent to the authorities of the Kalpakkam Atomic Power Plant.

Further, 5th Memorial day was observed on the demise of com. Jayaseelan, the then General Secretary of COC, Shastri Bhavan.Com. J. Ramamurthy, President of the State Unit presided the meeting and delivered presidential address.

Com. S. Samraj, G.S., COC, Shastri Bhavan made reception address. Com. S. Sundaramurthy Treasurer of the State Unit made inagural address. Com. Duraipandian, General Secretary delivered memorial address.
Com. A. Soundararajan, President, State unit of the CITU has made special address on “Hire and Fire” and elaborated the mass retrenchment in Nokia, Hundai, IBM, TCS, deliberated against the privatisation policies of the Modi Sarkar. He made call to organise the working class against the anti labour, anti people policies of the Central Govt.

Com. Elangovan delivered vote of thanks. Hundreds of CG employees attended the meeting in full mass.

Source: Confederation

Dearness Allowance for Bank Employees – Circular issued by IBA

Dearness Allowance for Bank Employees – Circular issued by IBA

IBA issued circulars regarding increasing the Dearness allowance for bank employees from February to April 2015 and Dearness relief for bank pensioners from Feb to July 2015

Click here to download the IBA circular of DA for employees
Click here to download the IBA circular of DR for pensioners.
Click here to download the IBA circular of DR for pre 01.01.1986 retirees

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