Sunday, February 26, 2017

GDS Committee report Latest News

Latest News on GDS Committee report


DOP will call views of Federations/Union after March 15, 2017.


Sources Confirmed Allowance Committee Report Submitted


One of the NJCA leader, On Condition of Anonymity, told that the committee constituted to examine the allowance has finalized its reports and submitted it to the Government on 22nd February 2017.


On asking whether the NJCA knew the details of the committee report, he said that they were not provided with the committee report. But the committee has informed them that their demand on allowance would be considered favorably.

Hence it is expected the HRA will be retained in old rates (Sixth CPC rates) from the beginning itself and will be paid in 7th CPC Pay Scale when revised allowances come into effect. However, the news of revised allowances would be implemented with effect from 1.4.2017 is not reliable. NJCA will not accept this and clearly said that it should be implemented with effect from 1.1.2016 retrospectively.
X cities- 30%
Y cities- 20%
Z cities- 10%
Transport Allowance may be split into two elements as CCA and TA as it was paid in fifth CPC. The Rates will be delinked from DA and will Fixed in slab rates.

The Government will announce its decision over the committee report after the last phase of state elections ie after 8th March 2017.

India Post Bank is likely to tap World War-era tech to garner business


It is back to basics for India Post Payments Bank (IPPB). It is tapping into World War-era phone-based technology and its vast network of postman to target a customer base of around 850 million, which either have no access to telephony or still depend on feature phones. 

“Banks and payments banks are two different things.Over 90% households have access to bank accounts. So, we are targeting remittances and bill payments,“ said an officer at the bank, which launched operations a month ago, offering 5.5% interest on deposits. 

Unlike full-fledged banks, payments banks can accept deposits up to Rs 1lakh and have to mandatorily park 75% of funds in government bonds.They are not allowed to offer loans either. 

With its network of over 1.5 post offices, IPPB is seen to be a major competitor for banks, especially in rural areas and small towns. The bank, floated by India Post, is running behind schedule as it is yet to tie up with a technology vendor for its banking services. But it is still targeting 2 crore customers in the first year with business of around Rs 450 crore.By the fifth year, the bank hopes to have eight crore customers with a business of Rs 2,500 crore. 

A key focus area for IPPB is one billion bills that are paid every month, with the average ticket size being Rs 300. This is where Giro -an electronic fund transfer tool used in Europe and Japan -will come in handy . Apart from helping customers settle bills, a worker in a city can add his wife or mother as a beneficiary and transfer funds into their accounts by issuing instructions to a call centre. The wife or the mother will then use Aadhaar based authentication to withdraw funds either at a post office or ask a postman to deliver cash at home, for which a small fee may be levied. 

IPPB is also in talks with the rural development ministry for accessing details of NREGA beneficiaries and pensioners getting funds under the National Social Assistance Programme.Again, idea is to make the payments Aadhaar-based to minimise leakages.


Source:-The Economic Times


Central Government Issues Notification On Associate Banks and Merger With SBI - AIBEA

Government issues Gazette Notification On closure of Associate Banks and Merger with SBI w.e.f. 1st April, 2017.
CIRCULAR No. 28/5/2017/5 
23-2-2017
TO ALL UNITS AND MEMBERS:

Dear Comrades,
Government issues Gazette Notification
On closure of Associate Banks and
Merger with SBI w.e.f. 1st April, 2017.
Protecting our members in the Associate Banks – need of the hour
Clarion call from AIBEA’s All India SBI Emp. Association

Our units and members are aware of our prolonged and principled opposition to the process of consolidation and merger of Associate Banks with SBI. There have been innumerable struggles and strike actions on this issue in the last more than a decade. Especially, when there were attempts to close the remaining 5 Associate Banks for merger with SBI, there have been very intensified agitations and progrmames. Our units and members in the Associate Banks have also led many struggles including number of strike actions.

There have been nationwide campaign on this issue because the move to close down the Associate Banks was totally unwarranted, rather there was a genuine need to delink these Banks from SBI and make them autonomous. For a long time, these Banks have been subjugated to the total whims of SBI and hence the real growth of the Associate Banks was in fact thwarted. Many Banks which were smaller in size than these Associate Bank have grown much bigger now. But our demand for delinking Associate Banks from SBI was deliberately ignored and played down by the successive Governments.

However, in the name of Banking sector reforms, privatisation and consolidation have continued to be their agenda and as a part of it, the Associate Banks have been their target. Making SBI a global player has been their fanciful idea notwithstanding the fact that it is neither prudent nor required for Indian situation. Ignoring all our viewpoints, opposition of various political parties, etc. the Government has gone ahead with their decision and after giving final Cabinet clearance few days ago, have now notified the merger with SBI w.e.f. 1st April, 2017.

With this development and reality, the need has now arisen to take all efforts to protect the interests of our membership in the Associate Banks. AIBEA’s union in SBI: Our units are aware that already we have our union in SBI viz. ALL INDIA STATE BANK OF INDIA EMPLOYEES ASSOCIATION.

It has been decided that all our units and members in SBT, SBM, SBBJ, SBH and SBP will be affiliated to this union and thus we will have a stronger AISBIEA with nearly 50,000 members all over the country under the banner of AIBEA. It will be the biggest bankwise Union under the banner of AIBEA.

AISBIEA is shortly meeting to decide on all further steps to consolidate our organisation in the changed scenario after the merger with SBI and to take all steps to protect the interests of our members in the Associate Banks so that no injustice will be done to our members in any manner consequent to the merger.
With greetings,
Yours comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY


Kind attention Chennai City Region PMs - Regional Meet

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