7th pay commission: This kind of tough negotiations in offing?
7th Pay Commission: The current tussle that is in the news is between the Indian Banks Association (IBA) and bank employees unions. Staff has asked for a pay hike as high as 25%, but had earlier added this is negotiable. IBA, which represents bank management, will have none of it. It had offered just 2 percent, citing bank NPAs crisis to say it can't offer a greater pay hike to staff.
7th Pay Commission: Salary hike demand has been hanging fire for a very long time and it has raised anxiety levels among all concerned as there is no real example that can act as the template that will show the way forward. Image source: Reuters