The unions are demanding that wage revision in the banks should be uniform and not linked to annual increase in operating profit and return on assets. The existing formula of differential wage increment based on the profits of each bank is not acceptable to the unions.
1 min read3 Dec 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared