NOINO submits Charter of Demands

NOINO President Shri Prakash Javadekar handing over NOINO’s Charter of Demands to Shri D.K.Mehrotra, Chairman, LIC of India

NOINO submitted its ‘Charter of Demands’ (for wage-revision due on 01.08.2012) on 23^rd July 2012 i.e. today at 11 a.m. NOINO is affiliated to BMS, the largest central trade-union of India, the foundation day of which falls on 23^rd July.

The NOINO delegation which submitted the Charter was led by Shri Prakash Javadekar, President, NOINO & MP, Rajyasabha. The delegation submitted the Charter to Shri Dinesh Mehrotra, Chairman, LIC on behalf of Class I Officers of LIC of India. Others in the delegation were Dr. S B Sharan, WP, NOINO; Shri Ganesh Kamath, GS, NOINO; Shri Rajesh Dubey, Secretary, NOINO, Shri S G Elangadi, VP, NOINO; Shri Kirit Barot, EC member, NOINO; Shri Vishwas Shastri, GS, NOINO, WZ; Smt Anagha Sant, Secretary, NOINO; Shri Y N Murthy, Secretary, NOINO; Shri Sanjay Ramdasi, Joint treasurer, NOINO, Smt Trupti Bramhe, EC member, NOINO; Shri Manish Patankar, President, NOINO, Mumbai; Shri Dattaraj Prabhukhanolkar, GS, NOINO, Mumbai & all the Mumbai activists.

   Following were the points submitted during the discussion:-

1.  Shri Prakash Javadekar stressed the importance of immediate negotiations & early settlement. He said that the previous charter was settled 3 years after it became due & this time we together must make efforts to settle it early. He also promised that he would raise this matter in the coming monsoon session.

2. The delegation also demanded that the charter of LIC should be permanently de-linked from that of the Banking industry with regards to the norms as well as the time-table of settlement.

3. The delegation also pointed out that while the premium income had risen by 59% in the last 4 years; the total income had risen by 69%; the number of policies serviced had risen by 5 crores, the number of employees had reduced by 1.5%. Consequently the burden on Class I Officers had increased tremendously. The rate of inflation has doubled in the last 5 years, & the rise in DA failed to match the rate of inflation.

4. The delegation also pointed out that the private insurance companies in spite of not doing well were paying more than what was paid in LIC. It also submitted that all employees were nothing but (human) assets & needed to be encouraged by giving a good wage-rise. While the Insurance Act specified that the industry can pay up to 15% of total premium income as expenses towards salary & other benefits, the cost today stood at only about 6%.

5. In view of all these factors, the charter of demands submitted by NOINO mainly demanded 40% rise; running scales; grade pay & increment as a percentage of pay (basic pay + grade pay)  instead of a fixed amount. The salient features of the charter would be posted shortly.

     The Chairman patiently heard the delegation & assured that the management would make all efforts for early negotiations, an early & satisfactory settlement after taking into consideration the charter of demands submitted by NOINO.