100% Neutralisation of D.A. - letter from SBI management to a pensioner

Some of the pensioners from erstwhile State bank of Indore had written to SBI Management on individual basis to implement Madras High Court decision on 100 percent DA neturlisation and pay them DA accordingly.
   The concerned retirees have now received reply from the bank management.

Click here to view the letter. 

From the contents of letter  AIBRF   has drawn conclusion that IBA is in mood to respond positively to SBI's  initiative in seeking IBA's approval, subject to court's decision.

The matter of SLP filed by Canara Bank and IOB managements in Madras High Court in the matter of 100 percent DA was heard on 17.04.2013 and as the arguments remained inconclusive it was postponed for first week of June 2013.

Source :  AIBRF Website 

100 % Neutralisation of D.A. to pre Nov 2002 retirees

State Bank of India Management has recommended and sought clearance from IBA/ Government of India for payment of Dearness Allowance at 100 Percent Neutralisation to those pensioners who retired before November 2002, before commencement of negotiation on next wage settlement.

In this regard , AIBRF has written a letter to UFBU requesting them to insist and take definite position with IBA/Government 

for solution of the matter of 100 Percent DA before commencement of talk on the next settlement.

Click here to view letter by AIBRF 

Source : AIBRF Website