NEGOTIATING UNIONS ON 26TH SEPTEMBER. By S.Srinivasan Preamble: After a gap of 3 months with the last negations held on 14-3-2014 which as especially for non-monetary issues raised y the unions! another round of discussions too" place with #BA on 13-$-2014. %&eeting numer 11' #BA informed! profits of the an"s have come down as on 31-3-2014 a n d therefore they can offer ma(imum of 11 %( !"rea#e $% mea&er 1 % M' em()a##* ' on the cost of )ay Slip components of the wage ill which would amount to R#+,-.6/ "r$re# and which would e e(clusive of other costs on retirement enefits! *+,! hospitali-ation e(penses! etc Since negotiating unions re.ected the offer of 11/ increase! #BA wanted to "now the e(pectation of the union. 0ine unions informed that their mi ni mu m e(pectation is 21/ increase in the )ay Slip components cost. #BA e(pressed their total inaility to accept the same as it is eyond the paying capacity of the Ban"s. 2hereafter there was virtual rea"down in tal"s and even as on date stalemate continues. I! 0)e la#0 r$1!2 $% r$1!2 Tal3# $! 145675261.(mee0!& 128 0 # re($r0e2 93uring the negotiations! #BA informed that the 4+B45s demand of 21/ increase in pay slip components is on high side and eyond the paying capacity of an"s and insisted that 4+B4 should review its demand! to which 4+B4 responded as under6 4+B4 will have %le:bl0; ! 0# 2ema!2 depending upon the response of #BA on all the aove matters7 )89:#3;3 2he other important issues li"e regulated wor"ing hours! 1-day an"ing! improvements in pension related matters! etc. should e discussed simultaneously and in a time-ound manner. M' PRACTICAL SUGGSTIONS TO END STALEMATE I )a2 alrea2; "$<ere2 ! 2e0al a# )$= m!m1m 2/ % )3e # ab#$l10el; >1#0%able ! m; ar0"le# a# =ell a# #;!$(## $% 0)e ar0"le+ 1 http://www.scribd.com/doc/239132043/Final- Book100days http://www.scribd.com/doc/239553236/ynopsiis-Final S$me m($r0a!0 ($r0$!# %r$m 0)e a%$re#a2 ar0"le# a# =ell "$lla0!& <al1able #1&&e#0$!# &<e! b; ma!; $r2!ar; b10 !#&)0%1l ba!3 em(l$;ee# 0)e !e&$0a0!& 1!$!# ! #$"al !e0=$r3!& #0e# m$re #$ ! #0e# e#($1#!& 0)e "a1#e $% ba!3 em(l$;ee# =0) re&ar2 0$ 16 b(ar00e !e&$0a0$!#- #$me $% 0)er !$0e=$r0); #1&&e#0$!# ba"3e2 =0) a((r$(ra0e #0a0#0"al 2a0a- I am a((e!2!& bel$= %$r ea#; re%ere!"e+ I =)$le )ear0e2l; a"3!$=le2&e a!2 (la"e $! re"$r2 e:(re##!& m; &ra0012e 0$ ea") $!e $% 0)em %$r 0)e )ar2 lab$1r 0)e; )a2 (10 =0) 0)e #$le !0ere#0 $% a %ar a!2 >1#0 16 B(ar00e Se00leme!0 &<!& 0)er !2e(e!2e!0 "a!22 #1&&e#0$!# =0)$10 a!; %ear $r %a<$1r + #n all the previous settlements salary increase was given a load to total estalishment e(penses. #n these wage negotiations we have een offered on fi(ed pay components .As against the total estalishment e(penses of 8s.1$2<2 crores the pay slip component is only 8s.31103 crores. #n other words pay slip component = estalishment e(pense > 11.<$/ ?e shall now e(plain the concepts pay slip cost and estalishment cost on reverse logic terms in the < th ipartite #BA offered %for award staff' 8s 21@@ crores or 1@.1/ of estalishment cost. 9ut of which amount allotted to pay slip components is 8s.1114 crores or 10.3 / %appor(.' 2herefore the formulae for conversion factor from pay slip cost to estalishment cost wor"s out to 1@.1 divided y 10.3! which is eAual to 1.@0. A((l;!& 0)e ab$<e re<er#e l$&" =e "a! "$!#0r1"0 0)e %$ll$=!& 0able %$r ea#; 1!2er#0a!2!&+ Dema!2 Pa;#l( "$#0 ! % Pa;#l( "$#0 ! R#+ (! "r$re# 8 E#0abl#)me!0 "$#0 ! % E#0abl#)me!0 "$#0 ! R# ( ! "r$re#8 IBA la#0 $%%er 11% ,.6/ 1?+67% 16/26 U!$!# 2ema!2 2/% 4?4/ .2+.? 2,712 2 D%%ere!"e (%$r =)") #0alema0e "$!0!1e# 8 1.% ..16 2,+47 1,,71 I! ab#$l10e 0erm# $1r 2ema!2 $% 2/% !"rea#e ! (a; #l( "$m($!e!0# 0 =ll =$r3 $10 mea#l; ,4+?/%%+ % =e "al"1la0e $! 0)e 2%%ere!"e be0=ee! IBA $%%er a!2 1!$!# 2ema!2 %$r =)") #0alema0e (er##0# 0 =ll !%!0e#mal %&1re $% 22 %- =)") 0)e ba!3 em(l$;ee# @ THE PERFORMING ASSETS a##1re# 0)e G$<er!me!0 0)e; =ll re"$<er %r$m 0)e 2e%a1l0er# !$ )$l2# barre2 ! e:(re## 0me+ T)a0 # 0)e rea#$! =e a<er 0)a0 $1r 2ema!2 # #a"r$#a!"0* A)a0 # 0)e Aa; %$r=ar2B ?ith view to arrive at a .ustifiale settlement in due recognition the views of unions in the last meeting with regard their fle(iility! in their core demand of 21 / hi"e and with view to end the stalemate # giving elow the way forward with .ustifications as under 6 B(ar00e a0 a &la!"e $% a=ar2 #0a%% $!l; A220$!al Per Ca(0a E:(e!201re $! Aa&e# (A$r3me!8 3 rd B)S 8s. <10 per annum 4 th B)S 8s. 2!200 per annum 1 th B)S 8s. 4!110 per annum $ th B)S 8s. @!3<0 per annum @ th B)S 8s. 12!110 per annum B th B)S 8s. 23!330 per annum 7 0) BPS R#+ //-646 (er a!!1m A!!1al Aa&e I!"rea#e ! Pre<$1# Se00leme!0# (F$r A$r3me!8 Am$1!0 ! R#+ 5 Cr$re# 3 3 rd B)S 33.00 4 th B)S 120.00 1 th B)S 2@1.00 $ th B)S 4B2.00 @ th B)S B1B.00 B th B)S 12BB.00 7 0) BPS 2-/44+66 N$0e: 2his annual increase of R#+ 2-/44 Cr$re# is in addition to the contriution y the Ban"s at R#+ .-266 Cr$re# %for e(isting )+ 9ptees' and 8s. 2!100 ,rores %for 8etired )+ 9ptees' to enale them to .oin the pension Scheme Per"e!0a&e A!!1al Aa&e I!"rea#e ! Pre<$1# Se00leme!0# (F$r A$r3me!8 Settlement ?age load in 8s. #ncrease in 8s #ncrease in / 3 rd 1-B-@< 30 4 th 1@-<-B4 120 <0 300 1 th 10-4-B< 212 132 110 $ th 14-2-<1 3BB 13$ 13.<$ @ th 2@-3-2000 B1B 430 110.B2 B th 2-$-2001 12BB 4@0 1@.41C < th 2@-4-210 CC21@@ 12B< 100.0@ Cefore the B th ipartite computeri-ation increment was settled. ?e have to add that also with this load CCpension option cost e(cluded 4 ?age load for < th ipartite was! 8s.223< crores for officers i.e. 41.<1 / and 21@@ crores for award staff i.e. 13.1/ and 2otal wage load 8s 4B1$ cr. #n other words etween B th and < ipartite the increase in wage load for award staff %wor"men' was 100.0@/ i.e. in 1 years A((l;!& 0)e #mlar l$&" 0)e !"rea#e ! =a&e l$a2 0)e !0al $%%er ! 0)# 16 b(ar00e %$r =$r3me! al$!e )a# 0$ be R# 2/44 C 2/44D /1/. "r A((l;!& 0)e #ame l$&" %$r b$0) $%%"er# a!2 a=ar2 #0a%% % 0)e 0ra20$!al a((r$a") 2#0rb10$! $% =a&e l$a2 0$ a=ar2 #0a%% a!2 $%%"er# # %$ll$=e2 a# 0)e 7 0) b(ar00e (a00er! 0)e 0$0al =a&e l$a2 ! r1(ee# %$r b$0) (=$r3me! a!2 $%%"er# 8#)$1l2 be m!m1m R#?666 "$re# - =)") ! (er"e!0a&e 0erm# =$r3# $10 0$ 24+/% Im(a"0 $% DA mer&er a&ree2: 4nions D #BA agreed for 3A merger with Basic )ay at 4440 inde( points %3A rate as on 0ov.2011 E one year prior to e(piry of previous ?age settlement' which was the average 3A inde( of Ful! Aug D Sept 2011! a whopping loss of 43$ 3A inde( points of one year till 9ctoer 2012. ?hich means 10.B4/ %ta"en G 0.10 post merger rate' 3A on 0ew Basic is left uncovered from merger as on 1 st 0ovemer 2012.2he present 3A inde( is around 1212 %i.e.1303 slas' less 4440 points%proposed merger' i.e. 1110 slas %difference of 1<3 slas' which would e 1<.3 / 3A w.e.f. August 2013. #f 3A is fully neutrali-ed y merger! it would have een a etter deal. But 4nions failed to ensure 3A merger as on the last day of the previous wage SettlementH )r$"e## $% mer&er $% DA E ...6 ($!0# a# $! 1F11F2611 @ 0# m(a"0 $! (a; #"ale# ! Ba!3#: 5 0egotiating 4nions and #BA has agreed to merge the 3A G4440 inde( numers %1<$0>100' in the asic pay. 2o understand the merger process let us "eep in mindI I! la#0 #e00leme!0 DA =a# mer&e2 a0 2?,6 ACPIN (1766D1668+ 1. As on 01.11.2011 A#,)#0 was 4440. 2. 3ate of merger is 1-11-2012 %now agreed'.So the new merger will e at 4440-2B3$>1$04 points or 1$04=4 > 401 slas. 3. +rom 1-11-200@- the e(isting rate at which 3A is eing paid per sla is 0.11/. 2he merger will e G$0.11/ of asic pay %G0.11/ per sla C401 slas' 4. A,)#0 on 1-11-2012 is 4B@$ 1. After the merger of 4440 points in Basic pay as on 1-11-2012! 4B@$-4440 > 43$ points or 43$=4 > 10< slas remain .2he earlier rate for 10< slas was G 0.11/. #n order to alance the merger of 3A in Basic pay! the rate for 10< slas %e(isting 0.11/' will e scaled down y the same ratio y which the Basic pay has een scaled up. And the ratio is %2B3$=4440' > 0.$3B@ 2he rate of 0.11/! therefore! converts to 0.10/. %0.11/ C0.$3B@>0.0<1B>0.10/' after merger on 1-11-2012 2his is how 3A rate has een calculated so far in all the previous ipartite settlements. A)a0 # 0)e e%%e"0 $% mer&!& D+A =0) Ba#" Pa; a# $! 1F11F2612B 6 7 T)e %&1re# bel$= are );($0)e0"al a!2 e:(la!a0$r; %$r 0)e (1r($#e $% #012; a!2 )a<e !$ rela0$!#)( =)a0#$e<er =0) 0)e a"01al ba#" (a; a!2 $0)er all$=a!"e# 0)a0 ma; be a&ree2 1($! 21r!& 0)e "$1r#e $% b(ar00e #e00leme!0+ ;(isting After the merger 3A new - 10< slas Basic )ay 3.A. %old' G@$.10/ %4B@$-2B3$'=4 > 110C.11 > @$.10/ total 3.A.G $0.11/ 0ew B) G 010/ > 10.<0/ 2otal 10000 @$10 1@$10 $011 1$011 1@41 1@@$0 11000 114@1 2$4@1 <022.1 24023 2$1< 2$$42 2his is the effect of 3.A. merger for the purpose of study. 2he wage increase in percentage terms is yet to e decided and any / increase agreed upon will e calculated on Ne= Ba#" Pa;! and not on e(isting Basic )ay. All be!e%0# #1") a# HRA- - PF CONTRIBUTION- PENSION- e0"+- are "al"1la0e2 $! 0)e ba#" (a; $!l;+ 8 I0 # <er; #0ra!&e 0$ #ee !e&$0a0!& 1!$! e:(re##!& )a((!e## $! IBA a&ree!& 0$ 0rea0 61F11F2612 a# 0)e 2a0e $% e%%e"0 $% 0)e %re#) #e00leme!0+ A# re&ar2# 0)e mer&er $% D+A+ a0 ...6 ($!0# $% ACIPI (Ba#e: 1766D1668- IBA )a# re(ea0e2 =)a0 0 )a2 2$!e ! 7 0) BPS+ LET US LOOG AT THE FIGURESAHICH FORTELL TRUTH * B(ar00e ;ffective date &erged 3A points &onth up to which 3A merged 3A points 9n the date of e(piry of B)S *eft over 3A )oints $ th B)S 1=11=1<<2 114B April -Fun 1<<2 11 4B 0il @ th B)S 1=11=1<<@ 1$B4 Fuly - Sept 1<<$ 1@ $B B4 B th B)S 1=11=2002 22BB Fuly - Sept 2001 23 2B 40 < th B)S 1=11=200@ 2B3$ Fuly - Sept 200$ 30 2B 1<2 10 th B)S %4nder discussion' 1=11=2012 4440 Fuly - Sept 2011 4B @$ 43$ As on date inde( 12 11 ;stimated 3A as at 2011 $0 00 As can e seen only in the $ th ipartite there is full merger of the entire 3A in the Basic at 114B points. 2his was done to ensure that )+ on 3A eing deducted till such time as part of )ension Settlement dt. 2<=10=1<<3 is nullified and the concept of )+ on 3A is given go ye. +urther in all the later settlements the 3A that was merged was one year earlier to the date of the new settlement. 4nions D #BA agreed for 3A merger with Basic )ay at 4440 inde( points %3A rate as on 0ov.2011 E one year prior to e(piry of previous ?age settlement' which was the average 3A inde( of Ful! Aug D Sept 2011! a whopping loss of 43$ 3A inde( points of one year till 9ctoer 2012. ?hich means 10.B4/ %ta"en G 0.10 post merger rate' 9 3A on 0ew Basic is left uncovered from merger as on 1 st 0ovemer 2012. 2he present 3A inde( is around 1212 %i.e.1303 slas' less 4440 points%proposed merger' i.e. 1110 slas %difference of 1<3 slas' which would e 1<.3 / 3A w.e.f. August 2013+ I% DA # %1ll; !e10ralHe2 b; mer&er- 0 =$1l2 )a<e bee! a be00er 2eal+ But 4nions have failed to ensure 3A merger as on the last day of the previous wage SettlementH ?ith runaway inflation it may not e a surprise that y the time the wage revision is finali-ed! additional points would have een added with 3A inde( points%Fune 2014 it is $11.1@ points! pro.ected slas Aug!Sep!9ct 2014 is e(pected to e $B3 from $10 in &ay!Fune!Fuly 2014!
2hat means we may get 3A rate on Basic D )ay as it was prevailing at the end of < th ipartite settlementH 2hen where is the wage revisionJ By agreeing to this cut-off date! #BA has not shown any undue favour to us. 2hey have merely conformed to the age old convention followed at the time of each of the earlier settlements. T)ere%$re- 0)ere # !$0)!& 0$ ")eer ab$10 ! 0)# a!!$1!"eme!0 #$- ! 0)# ma00er al#$- 0)ere # !$0)!& 0$ "elebra0eI $! 0)e "$!0rar;- 0J# a! !>1#0"e+ O!e "a! ma&!e 0)a0 =0) ar$1!2 76% DA ra0e a# $! 2a0e- =0) %1ll mer&er $% DA- =)a0 =$1l2 )a<e bee! 0)e am$1!0 0)a0 Ma!a&eme!0 =$1l2 )a<e "$!0rb10e2 0$ PF- Gra010; a!2 lea<e e!"a#)me!0 # a!; b$2;K# &1e## 2he ,entral govt. employees are demanding merger of 3A with Basic once the 3A rate crosses 10/. 2o compensate increasing cost of living @ th )ay ,ommission has already een announced for ,entral Kovt. ;mployees %present 3A rate is <0/ of Basic'H At the present rate of 3AG97.50%for Ban" ;mployees. 3uring < th ipartite we have seen how SB# employees got $-@/ more than the ,ommercial Ban" ;mployeesH ?hile all 1 wor"men 4nions signed Bipartite to ind all ?or"men ;mployees. #t is e(clusively its applicale in SB# only #n view of the fact Ban"ers that ecause of poor pay Band! new 8ecruits are shying away from the Ban" .o. ?hen all other sectors are marching ahead 10 with si-eale wage pac"et a paltry wage increase ranging made the Ban"ing sector is an unattractive destination. THEREFORE RATE HIGHER THAN 6+16% HAS TO DEMDNED IN LIEA OF THE FOLLOAING REASONS ,onsidering the present rate of inflation! future inflation and the anticipated salaries of central government staff after @th ,),! it will e very fair and .ust for the an" staff to demand these. 1. 2he revised Basic )ay must e not less than 200/ of the e(isting one. 2. ,ompensation for increase in A#,)# in the form of 3.A. must e not less than 0.11/ each sla of 4 points in the 1<$0>100 series. #t will e suicidal to agree for 0.10/ . 3. ?age revision of central government employees in the past! the revised scales are close to 300/ %3 times' every time! in the 10 years cycle. #n case of an"ers! the revised scales are 110/ %1.10 times' after revision once in 1 years. 2hus in each cycle of 10 years! the revision amounts to 221/ %2.21 times' for an" staff. ?hich one is superior! 221/ or 300/ in 10 LearsJ 4. )recisely ecause of this reason! our wages have consistently come down relatively. 2oday! we have sun" to the ottom! from the top position we en.oyed 30 years ago. 1' #n contrast let us have loo" at the scale of pay of the government employees in the last stage . M$!0)l; Salar; $% Ce!0ral G$<er!me!0 S0a%%- a0 0)e ma:m1m $% 0)e (a; #"ale S N $ Ra!3 5 P$#0$! T$0al 1 &ulti 2as"ing Staff 14300 11 %formerly Kroup 535'
1 )rincipal 114010 12 1. 0ote 6 &a(imum of the scale is in the same time scale! without promotion to the ne(t higher level 2. M8A applicale for centres with a population of 10 la"hs and aove have een ta"en into account 3. +or 2ransport Allowance! all places other than 5A-15 and 5A5 ,lass cities %numering 13' have een ta"en into account 4. ,hildren5s ;ducation Allowance is paid at 8s.1!210 per child per month! su.ect to certain conditions 1. 3earness Allowance as applicale from 01-01-2014 E<e! =0) 2/% )3e- $1r #alar; =ll be $!l; .6% $% 0)e re<#e2 #alare# $% "e!0ral &$<er!me!0 em(l$;ee#- ($#0 40) CPC+ Be=are* Alrea2; "e!0ral &$<er!me!0 em(l$;ee# are 2ra=!& .6% m$re+ 2hey further en.oy so many other enefits and privileges li"e fi(ed wor"ing hours! 1 day wee"! Krade )ay! :ery attractive M8A! 2ransport Allowance with 3A! ,hildren7s ;ducation Allowance! ,hild ,are *eave! )aternity *eave! 300 days )* accumulation! 2a( free leave encashment at the time of retirement! unavailed Sic" *eave getting added to )* if the latter is less than 300 days! ,)?3 Nuarters at many places! automatic pension revision along with each wage revision! ,KMS facility at all ma.or towns! preferential admission for their wards in Oendriya :idyalayas! )rivileges of a Ka-etted 9fficer to attest=certify many documents and papers! priority in allotment of rooms in State Kuest Mouses! ;(emption from )erAuisite 2a(! 20/ additional pension after the completion of B0 years of age! additional 30/ after B1 years! additional 40/ after <0 years! additional 10/ after <1 years! additional 100/ after 100 years etc. A)ere 2$ ;$1 %0 ! )ere- m; 2ear %re!2#B Remember- 0)e#e are 60) CPC S"ale# $!l;. E<e! ! 0)e $!&$!& !e&$0a0$!# ! 0)e 16 b(ar00e =e %!2 0)# 1!)eal0); bar 0)e &a! 0re!2- a&a!#0 0)e e0)$# $% 0r1e ba(ar0#m+ ?hile the unions have reduced their demand from 30 / %see the Mindu usiness line Fanuary! 1$! 2014' #BA a has moved an inch from 10 / to 11 / only during the last round of negotiations on 13-$-2014 SO AHAT COULD BE A PRACTICAL ROAD MAP TO END THE STALEMATEB 13 Accordingly A realistic a win- win model which can e end the stalemate! assuming that 21/ is an appropriate .ust increase as demanded y the negotiating unions ! which will ma"e sense which will e insensitive to additional wage load in the Pspread7 # 0$ #0a&&er 0)e !"rea#e $<er a 0=$ ()a#e# (#a; %r$m 0)e e%%e"0<e 2a0e 0$ M a0 a&ree2 (er"e!0a&e a!2 0)erea%0er a0 2/ %8 the so as to give an"s time to recover and changes in the Qspread Pinduced y changes in wags and salaries! interest rates may not e strained! # suggest as under6 18 PHASE I 1<.1/ hi"e in payslip component %8s$104 crores' distriuted with appropriate loading after mer&er $% DA E ...6 ($!0# a# $! 1F11F2611 as agreed at various stages w.e.f 01-11-2012. %11% already agreed upon by IBA the balance increase of 8.5% is only Rs. 263 crores'. #n addition to aforesaid hi"e w.e.f 01-11-2012 all employees in service as on the date of the settlement shall e paid a temporary ad.ustment allowance %2AA' eAuivalent to alance 1.1/ %8s.1@21croes' proportionately distriuted to appropriate stages %scales' of pay. 2his 2AA shall e a fi(ed amount without any attendant enefits. 28 PHASE II 21/ hi"e in payslip components% 8s@B@1 crores ' distriuted with appropriate loading after mer&er $% DA E ...6 ($!0# a# $! 1F11F2611 as agreed at various stages=scales of pay w.e.f 01-11-2013. %11/ already agreed upon y #BA the alance increase of 14/ is only 8s. 4410crores'from the date of the settlement .Accordingly 2AA as mentioned in )hase # shall stand withdrawn. 3' 2he dearness allowance shall e payale for every rise or fll of 4 points over aove ...6($0!# ! 0)e N1ar0erl; a<era&e $% All I!2a A<era&e A$r3!& Cla## C$!#1mer Pr"e I!2e: ( Ge!eral8 ba#e 1766D166 a0 6+1/% $% O(a;J+ 4' Simultaneously= ,o terminally all the issues listed as 3emand numer 1 to 3emand numer 30 sumitted y the ?or"men 4nions in the charter of demands and )art ## 2o )art :# in the charter sumitted y 9fficers Associations to #BA on 31-10-2012 shall e discussed threadare and amicaly resolved . 1' Mowever other core issues such as improvement in +amily )ension! updation of pension for retirees ! 1 day wee" !regulated wor"ing hours! specified duties of an" employees etc. shall discussed and amicale 14 understanding shall reached etween the parties with in within three months from the date of the settlement. $' #BA shall suitaly recommend to 2he Kovernment to revise the e(isting guidelines on allocation to the staff welfare fund from the 0et )rofit oth in relation to profits as well as ased on numer of employees of the Ban" uniformly in all an"s as under6 ,ategory &a(imum ceiling per year State Ban" of #ndia R#+266 "r$re# )SBs with usiness mi( of over 8s. 300!999 crores and employee strength aove 30!000 R#+ /6 "r$re# )SBs with usiness mi( of over 110!000 crores to 8s.300!000 crores and employee strength of 20!000 to 30!000 RS+ .6 "r$re# 9ther )SBs R#+ ,6 "r$re# Mowever the respective an" managements after discussions with the union shall suitale arr<e a0 #10able =el%are #")eme#F"a#) !"e!0<e $r $0)er=#e to all employees . @' 3ate of effect and operation6 T)e #e00leme!0 #)all be b!2!& $! 0)e (ar0e# !$rmall; %$r %<e ;ear# %r$m M+ B10 #)all be re<e=e2 a!2 #10abl; re<#e2 a%0er 2#"1##$! be0=ee! 0)e (ar0e# ! re#(e"0 $% ma00er# m$!e0ar; $r $0)er=#e "$<ere2 1!2er 0)# #e00leme!0 a%0er m(leme!0a0$! $% 4 0) (a; "$mm##$! re"$mme!2a0$! 0$ &$<er!me!0 em(l$;ee#+ C$!"l1#$! ?ith the an"s amorti-ing the cost of :8S 2001 in their alance sheet! the same method can e adopted y an"s whose alance sheet are not roust ecause of heavy provisioning of 0)A! to meet the difference etween #BA7s 15 offer and unions demand which can e offseted = ad.usted with 0)A recovered during the amorti-ation period y adapting aggressive steps! is eing initiated y an"s as instructed y the new government. #f the aove suggestions are accepted y parties! the olstered motivational levels of the employees will provide the necessary impetus in augmenting sustantial recoveries of 0)A !D si-eale increase in ,ASA and steps ta"en y the new government in respect of giving necessary thrust of financial inclusion and programmes chal"ed hitherto and ring sustantial portion of population in #ndia to have an" accounts! which .ust revision is ound to have effect. END NOTE6 3esiraility and possiility are two opposite sides of the same coin. ?hat is desirale may not e possile. Spurious desiraility and spurious possiility asurd. 2he line thin"ing we should have is genuine possiility and genuine achievaility. #t is in this perspective emracing the tenets of ground realities # have placed the aove practical suggestions which # fervently hope if agreed upon will end the stalemate !pave way or peace and progress of an"ing industry which the core hu of #ndian economy. 21-0<-2014 ;mail6amu.chinuGgmail.com 16