UFBU CIRCULAR No.6 DATED 11-10-2013
BIPARTITE TALKS WITH IBA
Another round of bipartite discussions was held today in Mumbai between IBA and UFBU on our demands for wage revision. IBA was represented by its Core Committee led by Shri R K Dubey, CMD, Canara Bank and UFBU was represented by all the Nine Constituent Unions.
D.A. Formula: Revision of Dearness Allowance formula has been discussed at length since the CPI points under 1960-series are no longer compiled and published and the DA payable is being arrived at after duly converting the Consumer Price Index (CPI) points compiled under 2001-series. UFBU has impressed upon the need to switch over to CPI 2001-series for payment of DA and revision of DA on monthly basis. IBA said that they have to examine the matter in detail before responding.
Reimbursement of Hospitalisation Expenses: Management wanted to know the response of the UFBU on introduction of Medical Insurance Scheme.