पता चला है कि आज हमारे नेता हैदराबाद में नए वेतनमान को लेकर मंथन करेंगे और फिर अपना प्रस्ताव आईबीए को प्रेषित करेंगे फिर आईबीए और नेताओं के मध्य १२ मई को वार्ता होगी. २३ फ़रवरी को बनी सहमति के अनुसार २३ मई तक द्विपक्षीय समझौते पर हस्ताक्षर हो जाने हैं यानी मात्र १५ दिन का समय बाँकी है.
कारण कोई भी हो लेकिन यह एक निर्विवाद सत्य है कि सबकुछ रहस्मय अंदाज़ में गोपनीय तरीके से चल रहा है. किस्मत के मारे बैंक कर्मियों की कौन कहे बेचारे राष्ट्रीय पदाधिकारी तक यह बताने की स्थिति में नहीं हैं कि आखिर लोड फैक्टर कैसे निर्धारित किया जाएगा और संभावित नया वेतनमान और महंगाई भत्ते का फार्मूला क्या होगा. सबकुछ १०-१२ शीर्षस्थ नेताओं के इर्द गिर्द घूम रहा है और वो पूंछे गए प्रश्नों के उत्तर रहस्मय अंदाज़ में दे रहे हैं, एक ऐसा अनोखा अंदाज़ जिसमें दिए गए उत्तर से किसी तरह का निष्कर्ष निकालना सम्भव ही नहीं है.
अब यह तो स्वाभाविक ही है कि जब पारदर्शिता का आभाव होगा और सबकुछ रहस्मय और गोपनीय तरीके से चल रहा होगा तो अफवाहों और चर्चाओं का बाज़ार गर्म होगा. पहले माह के दूसरे और चौथे शनिवार को अवकास के बारे में झूठी ख़बरें इस अंदाज़ में प्रसारित हुईं कि बैंक कर्मी तो बैंक कर्मी अनेक अखबारों के संवाददाता तक फिरकी में आ गए और उन्होंने खबर छाप दी जो झूठ साबित हुई. अब एक अफवाह बड़ी तेजी से फैली है कि आईबीए ने ३० अप्रैल की अपनी मैनेजमेंट कमेटी की बैठक में वेतनमान को लेकर जो निर्णय लिया है उसमें ग्रेड पे दिया जाना सुनिश्चित किया है और बताते हैं कि आईबीए की मंशा न तो ग्रेड पे पर महंगाई भत्ता देने की है और न ही ग्रेड पे को टर्मिनल डूज़ में शामिल करने की और इससे हमारे नेता कुपित हैं और जल्द ही २ दिन की हड़ताल का आव्हान करने वाले हैं. अब सच्चाई क्या है ये तो शीर्षस्थ नेतृत्व ही जाने.
एक तरफ सरकार एक के बाद एक योजना के क्रियान्वन का भार बैंक कर्मियों पर जबरन थोप उनकी दयनीय दशा को नारकीय दशा में बदल देने को आमादा है, दूसरी तरफ नेता हैं जिनके लिए वेतनमान का निर्धारण करवाना टेढ़ी खीर साबित हो रहा है, वे सरकार द्वारा बैंक कर्मियों का उत्पीड़न और शोषण करने वाले तरीकों पर मौन धारण किये हुए हैं.
लगता तो यह है कि सरकार की मंशा लोकलुभावन किन्तु बैंकों को हानि पहुंचाने वाली योजनाओं के जरिए एक ऐसी स्थिति चालाकी के साथ पैदा कर देने की है कि अगर बैंक कर्मी इन लोक लुभावन योजनाओं का विरोध करें तो उन्हें आम जनता के रोष का सामना करना पड़े और अगर योजनाओं को क्रियान्वित किया जाए तो बैंको की लाभप्रदता इतनी काम हो जाए या फिर वे घाटे में आ जाएं ताकि बैंकों के निजीकरण की मांग उठने लगे और बैंक फिर से बड़े औद्योगिक घरानों के हाथों में चली जाएँ, बैंकों में श्रमिक संघ आंदोलन बिल्कुल नष्ट हो जाए और बैंक कर्मी बंधुआ मज़दूर बन जाएँ.
अगर ऐसा हुआ तो इस सबके एकमात्र जिम्मेदार हारे थके बूढ़े नेता होंगे जिन्होंने निहित स्वार्थों के चलते बैंकों में आई नयी युवा पीढ़ी का सदुपयोग और मार्गदर्शन न कर ट्रेड यूनियन को इतना कमज़ोर कर दिया कि सरकार के लिए मनमानी और तानाशाही करना आसान हो गया.
अब भी समय है, ईमानदारी के साथ अपनी भूल स्वीकार करने का, स्वार्थ से ऊपर उठ के पारदर्शिता के साथ यूनियन में क्रांतिकारी बदलाव के जरिये चुनौतियों का सामना करने के लिए युवाओं के हाथों में यूनियन सौंप उनका मार्ग निर्देशन करने का.
But then our concern is its adverse impact on existing work force of the banks and on profits of the bank. Most of the public sector banks are suffering from acute shortage of staff due to unreasonable, unscientific, irrational and subjective staff strength assessment techniques adopted by the bank instead of scientific and objective assessment. As a result, existing work force is subjected to late sitting and working on holidays. Banks have not been able to fulfil required formalities of PMJDY till now due to abnormally increased world load of the scheme. Now the role of banks in implementation of these 3 social security schemes is going to create vicious circle. Further for implementation of the Rs.330 scheme, Rs.30 have been allocated for bank. Out of these Rs.30/, only Rs.11/ would be available for the bank, rest amount will go to business correspondent. A simple Registered Letter would cost bank Rs.40/. Thus a net loss of Rs.29/ already without quantifying the cost of manpower.
Government must use banks as tool for implementation of its social security schemes because its major stake holder but them how same Government deny equality in the matter of Salaries, Pensions and other benefits at par with its Government Employees in the name of paying capacity? On the one hand you are assigning unprofitable loss making implementation of Government Schemes to public sector banks and on the other hand you talk about profitability and show your helplessness in bringing bank employees at par with government employees citing paying capacity?
These questions must agitate the minds of bank employees in general and those apex leaders in particular who are negotiating on behalf of bank employees with IBA.
For opening one PMJBY/PMSBY account, you need to talk to the identified person for minimum 6 minutes, to explain things, answer his queries and clarify his doubts. (This is the least estimated time). Then you take additional 6 minutes to fill up the form, get his signature and issue acknowledgement. Then you enter the particulars in the system and get it verified. It takes another 3 minutes. Thus, at least 15 minutes you need to spend for successfull...y mobilising one account.
Even the particulars of 'Nomination', they want us to copy from the deposit account opening form without any change.
Alright, for linking 500 accounts, you need a bare minimum of 7,500 minutes. Even assuming that a staff works for 8 hours a day (average of a Clerk and an Officer), you need 15.625 man days, if one person is made to attend to this job exclusively without a break, suspending all other banking activities.
In a small branch, even if 2 persons are made to attend to this job exclusively without a break, suspending all other banking activities, you need 7.8125 man days, as explained above.
I have not included in this, the time spent on identifying target group, visiting them at their place of work/residence and getting back to the branch. If this time is also added, you have to add several more man days. This part is the most challenging one and most time consuming, but no objective assessment of this part of job can be made.
I have also not included the time spent on opening of fresh accounts in case of non-account holders.
Even for enrolment under PMSBY by paying Rs.12, people think a lot.
They are asking several questions and say so many things.
1. How long I have to pay this amount?
2. Suppose nothing happens to me, will you pay back this amount to me?
3. I have to consult my wife/father/brother/son and let you know tomorrow.
4. Suppose something happens to me, in the absence of a separate policy or at least a certificate from the bank, how will others in my family remember that I have taken such policy? Will not this problem arise, after a few years?
5. If any other party/coalition comes to power at the centre, what will happen to this scheme and whether those who are already into the scheme and paying annual premium regularly will continue to be covered?
6. Will the bank help in processing and settlement of claims?
Now, you tell me, in a branch of say 3 to 7 staff, how many of these accounts can be opened in 4 days time?
Taxpayers will need to disclose all their bank accountBy Remya Nair --Livemint
RBI issues framework for banks to tackle fraud-LiveMint 08.05.2015
the risk of fraud and detect early warning signals. Such signals should be promptly reported to the Fraud Monitoring Group or any other group constituted by the bank for the purpose immediately, the central bank stated.
“The Supreme Court has said that Hindu dharam is not a religion but a way of life... I believe the SC’s definition shows the way,” the Prime Minister said while visiting the Lakshmi Narayan Temple near Vancouver.
World Bank chief praises PM's Jan Dhan Yojna-DNA 18th April 2015
The World Bank chief Jim Yong Kim on Friday said that the "strong visionary leadership" of Prime Minister Narendra Modi has resulted in "extraordinary effort" by India on financial inclusion of its people.
The World Bank in a report released this week said by January 2015, 125 million bank accounts had been opened under the Pradhan Mantri Jan Dhan Yojna launched in August 2014 for comprehensive financial inclusion with the goal of opening a bank account for every household in India. As a point of comparison, a 2013 survey had found that fewer than 400 million people in the country had an account, the Bank said in a report.
"This is an extraordinary Indian effort," Kim said at a panel discussion here organised on the sidelines of the annual Spring meeting of the International Monetary Fund and the World Bank. Kim attributed this to the "strong visionary leadership" of Modi and the Reserve Bank of India Governor Raghuram Rajan. Kim also said access to financial services can serve as a bridge out of poverty.
"We have set a hugely ambitious goal – universal financial access by 2020 – and now we have evidence that we're making major progress," he said. "This effort will require many partners – credit card companies, banks, microcredit institutions, the United Nations, foundations, and community leaders. But we can do it, and the payoff will be millions of people lifted out of poverty," he added.
India to grow at 7.8% in 2015-16: Asian Development Bank-Hindustan Times-24th March 2015
The Asian Development Bank (ADB) on Tuesday projected India's growth rate to surpass China and improve to 7.8% in next fiscal and further to 8.2% in 2016-17.
India's growth and investor confidence will improve on the back of government's structural reform agenda and improved external demand, the Asian Development Outlook (ADO), an annual publication of the ADB, said.
It forecasts that India's growth will improve from 7.4% in current fiscal to 7.8% in 2015-16 and further to 8.2% in 2016-17.
As regards China, the ADB projected the economic growth to decelerate from 7.4% in current fiscal to 7.2% next fiscal and 7% in 2016-17.
"India is expected to grow faster than the People's Republic of China in the next few years. The government's pro-investment attitude, improvements in the fiscal and current account deficits, and some forward movement on resolving structural bottlenecks have helped improve the business climate and make India attractive again to both domestic and foreign investors," ADB Chief Economist Shang-Jin Wei said.
He, however, cautioned that although the economic prospects look promising, "there are still many challenges". ADB's estimates is, however, lower than the 8-8.5% growth estimates of Indian government for the 2015-16 fiscal beginning April.
It is better than 7.5% projection by the International Monetary Fund (IMF). The ADB said that strong growth outlook is contingent on further acceleration in investment activity.
"The prospects look promising". It said the measures undertaken by the government including accelerating environment clearances for infrastructure projects, easing the process of land acquisition for infrastructure and industrial corridors, allowing auction of coal mines to the private sector, and easing the compliance burden of labour laws on small and medium-sized industries would help boost growth.
The ADB said that India's most pressing policy challenges is to promote cities as engines of economic growth and jobs. "To fully reap the benefits of urbanisation, the government must make further efforts to coordinate urban and industry planning to attract industries into cities, and provide the necessary supporting infrastructure," it said.
Praising the India's 'Make In India' campaign to boost domestic manufacturing, Shang said "Indian government's programme is even more striking (in comparison to China)". As regards external sector, he said that the Indian government and the RBI have been trying to build up reserves and frame policies to monitor risk.
"India is in stronger position today than what it used to be. Government is making effort to increase FDI to deal with financial instability," Shang said. As regards the new monetary policy framework, under which the RBI's primary objective would be to maintain price stability while remaining mindful of growth, the ADB said it would help in restraining inflation and improve the coordination between monetary and fiscal policy.
Govt to hold 'stress relief' programmes for officers: Dr. Jitendra Singh
The Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh has said here today that the Govt of India's Department of Personnel & Training (DoPT) will hold a series of regular "stress relief" and rejuvenating programmes including Yoga, workshops, sports, cultural events, etc. for IAS, Civil Services and other government officers in order to help them maintain a conducive frame of mind and ensure a harmonious well-being. At the same time, DoPT has also mooted a "stress management" segment in the Induction course for new employees joining State Services in the three States of Jammu & Kashmir, Tamil Nadu and Maharashtra, and based on the experience from these three States, the same practice would be replicated in other States as well.
Dr Jitendra Singh said such efforts not only help in rejuvenating the energies and spirits of officers who are subjected to increasing work load and office stress but also help in bringing together the fraternity of civil service officers from all over India thus promoting a spirit of comradeship among them.
Increasing accountability and rising expectation level in administrative work tend to take their toll, said Dr Jitendra Singh and therefore, in-house provisions for stress management are called for. In this context, he referred to a two-day "Stress management" programme for officers being organized at New Delhi on 28th and 29th of this month followed by a Yoga course for officers beginning from April in forty different centers across India.
Dr Jitendra Singh said, the DoPT will not only plan events for government officials but will also devise programmes for their children in the form of academic tutorials, summer coaching camps, etc.
Banking system’s bad loans on the rise: RBI report -Hindu Business Line-07.05.2015
Sick PSU banks can put you in trouble, IMF warns India-Business Standard-07.05.15
In the past few years, there has been a sharp deterioration in the asset quality of banks, especially the public-sector ones, which account for three quarters of assets in India’s banking system. Part of this deterioration, the report points out, is because of the banking system’s high exposure to infrastructure projects, many of which continue to face regulatory and legal hurdles.
The report estimates public-sector banks’ (PSBs’) non-performing assets (NPAs) in 2013-14 at 4.7 per cent of total advances. This is higher than the NPAs of the entire banking system which rose to 4.1 per cent in the year. Further, at 7.2 per cent as of March 2014, PSBs’ restructured loans are estimated to be significantly higher than the entire banking system’s 5.9 per cent. This has resulted in a sharp slowdown in credit outflow to industry.
Further, a deterioration in corporate balance sheets has limited the space with industry for fresh investments. The report points out that corporate vulnerability indicators remain elevated, with the share of loss-making companies and those with leverage ratios over two increasing to 22.9 per cent and 31.4 per cent, respectively, over the previous year.
So, to kick-start the investment cycle, the Fund sees improving banks’ asset quality and maintaining financial stability as key. The report recommends strengthening regulation for banks’ credit quality classification; increasing provisioning, particularly for all types of restructured assets; and bolstering capital buffers at PSBs which is critical to ensuring banks are able to support the economic recovery.
But here lies the problem. According to the Fund’s analysis, if the government were to provide the full amount of capital required by banks, it would cost between 1.2 per cent and 1.7 per cent of the country’s estimated gross domestic product in 2018-19. Given its limited fiscal space, however, the government is unlikely to be able to provide the required capital. While many had earlier hoped the Budget for 2015-16 would provide some clarity on this issue, there was no announcement on lowering of government stake in PSBs and allowing these banks to directly raise capital from the markets.
Among other measures the report proposes for improving banks’ debt-recovery mechanism by providing incentives for swiftly dealing with delinquent borrowers and promoters, measures to enhance the corporate bond market in India, and reworking the financial regulatory architecture on the basis of the recommendations of the Financial Sector Legislative Reform Commission (FSLRC). The Budget has announced some measures in line with these recommendations. It has proposed a new bankruptcy law likely to help in debt recovery, and a public debt management agency likely to help create a more vibrant bond market, besides giving indications on introduction of the Indian Financial Code.