Finance Minister Pranab Mukherjee to resolve wage revision issue of IDBI staff

NEW DELHI: Finance Minister Pranab Mukherjee today said he would make efforts to resolve the issue of wage revision in IDBI as soon as the current session of Parliament is over.

Mukherjee gave the assurance in the Lok Sabha while responding to a Calling Attention motion by Basudeb Acharia (CPI-M) on the situation arising out of non-implementation of wage revision in the bank.

The Minister said as soon as the Budget session is over, he will call the IDBI Chairman and all concerned and try to arrive at an agreed solution.

He said that so far no solution could be arrived at as the IDBI Employees' Association had been insisting on parity with RBI employees for most of the time.

He said IDBI employees, unlike in other scheduled banks in public sector, have refused to negotiate with the Indian Bank Association to negotiate its wage issue.

When it agreed about the package earlier this year without any linkage to RBI parity, the Karmachari Sangh of the bank took exception.

Refusing to give any time-frame for resolution of the issue, Mukherjee said he would like a solution "as early as possible".

He also dwelt at length on the changed character of IDBI since it was carved out of RBI in 1964 by an Act of Parliament.