Indian Banks Association (IBA) and unions have agreed to 17 percent salary revision for 5 years. This salary increase was pending from November 1, 2022 and MoU has also been signed for this.

What are the main points of the decision?

Among the benefits that will be given under the signing of the salary agreement, 17 percent salary increase will be applicable from 1.11.2022. In this, there will be benefit of 3 percent loading on Basic + DA. Along with pension revision, the rule of 5 days working will be applicable. Now this matter is in the court of the Finance Ministry.

(AIBOC) tweeted

All India Bank Officers Confederation has informed in the post on X that Comrade Balachandra has been signed with the PM (President) on behalf of AIBOC and any remaining issues will also be discussed before finalizing the joint note. It also said that although the amount distributed does not meet their initial expectations, there is a good news for the pensioners as now after waiting for a long time, they will get the ‘ex-gratia’ amount i.e. pension revision.

AIBOC expressed happiness

After the agreement with IBA regarding 17 percent increase in salary, pension revision has also been agreed upon. The matter regarding the demand for leave on every Saturday is still stuck and the note has not been signed. However, AIBOC has said that it has obtained a commitment to implement 5 days working (five day banking) before giving the final touch to the joint note settlement and this is on record.

AIBOC has agreed to this agreement especially considering IBA’s assurance on 5 days working and relief for pensioners. Despite the salary percentage and weightage being less than expected, it is a matter of happiness for 8.50 lakh bank employees of the country.

The post Employees Salary Hike: Decision taken to increase the salary of 8.50 lakh bank employees first appeared on Rightsofemployees.com.

Decision taken due to lack of flights

Air India has told on this matter that one day in a week, flights going and coming between Delhi to Muscat, Delhi to Dubai and Delhi to Abu Dhabi are being cancelled. The operation of these flights will be temporarily stopped from the end of April to May. On this matter, the company official told that Air India and Air India Express are re-arranging their network. Due to this, airlines have had to temporarily stop the operation of their flights on many routes.

Which routes will be affected

Air India has issued a circular to travel agents informing them that the airline will not operate its weekly flight between Delhi and Muscat from April 29 to May 27. At the same time, flights between Delhi and Doha will not be operated between 30 April to 28 May. Weekly flights between Delhi and Dubai will not be operated from May 2 to May 30. At the same time, the flight operating between Delhi and Abu Dhabi on Wednesday has also been closed between May 3 and May 31.

Flights to America also cut

Earlier in March, Air India CEO Campbell Wilson had informed that due to shortage of pilots and crew members, the number of flights on some US routes was being reduced. Significantly, Air India has been struggling with the shortage of pilots and crew members for a long time.

In June 2022, 1,500 crew members of the company had taken VRS. Since then, there has been a shortage of employees in the airlines. Airlines have recently ordered 470 new planes. In such a situation, the company is planning to hire on a large scale in the next few years, so that the shortage of both flights and staff can be removed.

The post Air India Flights: Air India took a big decision! The number of flights will be less on these international routes, know the reason first appeared on Rightsofemployees.com.