Unions representing employees of the Reserve Bank of India (RBI) have decided to defer their mass-leave protest following assurance by the central bank that their demand for wage revision is being discussed at an advanced stage.
In a letter to RBI chief general manager (in-charge of human resources), the united forum of Reserve Bank Officers and Emplo-yees said that in response to the assurance, it has advised its units to postpone the protest expecting that the central bank will honour its commitment and complete the process at the earliest.
On November 15, the RBI official met union leaders asking them to call off their protest and co-operate for early settlement of wage negotiations.
The RBI unions had decided to intensify their protest demanding revision of wages, pending since November 2017, and had called for mass casual leave of employees at the central bank on November 30.
Business Standard had reported on Monday that the new contours of the wa-ge pact had been finalised and could be anno-unced any time. Sou-rces say the wage pact is almost ready, and the unions need not have opted for an agitation.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU