WAGE SETTLEMENT - LETTER BY GS

Chairman/MD/ED(HRMD)

NABARD

Head Office

Mumbai

Dear Sir ,

Wage Settlement at NABARD

As you are aware that the Board of Directors of NABARD has approved implementation of revised wages for the officers and employees of NABARD at its meeting held on 08/11/2010 and the matter is since reportedly pending at GoI level for clearance.

Sir , you would agree that a considerable time period has elapsed and nothing fruitful seems to be happening towards this end. This unusual delay in implementation of a well deserved and legitimate wage revision, which has already been approved by the Board of Directors of the bank , is fueling resentment among the officers that too at a very critical time for business operations- the last quarter of the financial year. Needless to say that such resentment and unrest may lead to loss of operational efficiency at this crucial juncture.

As already requested in the past , both through written and verbal communications , NBOA once again requests you to use your good offices for getting the necessary clearance from GoI so as to ensure an early implementation of the revised wages for officers and employees of the bank.

Thanking you

Yours Sincerely,

(Dr.D.S.Chauhan)

General Secretary

07/01/11