7th Pay Commission latest news: Employees of this sector to stage protest in New Delhi

7th Pay Commission latest news: Protesting over the pension proposals being made in the 7th Pay Commission, bank officers and employees of various public sector banks have decided to protest at Jantar Mantar in New Delhi on February 4. They will be protesting under the banner of All India Bank Officers Confederation (IBOC) and the protest has mustered support of major government institutions and trade unions, which speaks volume about the seriousness of the protest. The bank officers are demanding from the central government to incept previous pension scheme as the new scheme proposed in 7th Pay Commission is not good enough as the previous provision was.

Speaking on the matter Ravindra Gupta, President, IBOC — Delhi chapter said that the bank officers and employees have been demanding for long from the central government to merge Vijaya Bank, Dena Bank and Bank of Baroda and incept old pension scheme on various platforms at Pan India level. But, their voice went unnoticed that forced them to come to Delhi and raise their demand with louder note. He said that various government institutions and trade union have extended their support to the IBOC protest at Jantan Mantar. Gupta warned the central government that if their voice is not heard and addressed properly, they won't sit idle and up the ante further.

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Here are the list of demands that IBOC has put forward to the government:

1] Merger of Vijaya Bank, Dena Bank and Bank of Baroda and scrap merger of Regional Rural Banks;

2] Stop new pension scheme and incept the older one;

3] In line with other central government, five day working in banks;

4] Amendment in pension and family pension schemes;

5] Names of corporate with long dues loans should be made public;

6] Fill the vacant positions in public sector banks via strong and aggressive recruitment drive; and 

7] Priortising the compass net grant recruitment.