Financial Daily from THE HINDU group of publications
Tuesday, Jan 24, 2006
Financial Daily from THE HINDU group of publications Tuesday, Jan 24, 2006 |
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Money & Banking
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Co-operatives TN co-op bank employees seek early finalisation of wage revision Our Bureau
Coimbatore , Jan. 23 THE Tamil Nadu Cooperative Bank Employees Association (TNCBEA) is planning a strike action by February 1, if its demand on wage revision orders were not realised before the end of this month. The employees observed a day's dharna on Monday (before the office of the Registrar of Cooperative Societies throughout the State) to press their demand. The TNCBEA has been pressing the department and the Government to effect the wage revision for the urban cooperative bank employees, as the same has fallen due from July 1, 2001. The association, while demanding a minimum increase of at least 10 per cent, has appealed that there be no reduction in the merger of Dearness Allowance (DA) and due neutralisation towards DA component. Alleging that the officials of the State Department of Cooperation had, even after several rounds of discussions, delayed the issuance of wage revision orders for the urban cooperative banks' employees, Mr P. Balakrishnan, General Secretary, TNCBEA, said 114 out of the 124 UCBs were doing well and there was a perceptible improvement in reducing the NPAs. "Yet the officials are not showing seriousness in finalising the revision, which has been delayed for 56 months," he said.
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