Two industrial disputes involving the management of Bihar Gramin Bank and its employees' organisations have been settled, extending financial benefits of approximately Rs 77.69 crore to over 10,900 employees, the government said on Tuesday, IANS reported. Yaani, the package is worth roughly Rs 0.78 billion in total.

Source: IANS via HiIndia

The disputes were resolved on October 22 and 23 through conciliation by the Assistant Labour Commissioner (Central), Patna, under the Chief Labour Commissioner (Central) in the Ministry of Labour and Employment, ANI reported, citing the ministry's statement.

Source: ANI via Daily Prabhat

The first settlement, between the Bihar Gramin Bank Adhikari Sangh, Patna, and the bank management, is expected to benefit around 8,400 employees with about Rs 67.17 crore. It covers payment of Performance Linked Incentive (PLI), officiating allowances, wage enhancement, travel allowance enhancement, promotions and compassionate appointments.

The second settlement, with the Bihar Gramin Bank Workers Organisation (BGBWO), is expected to benefit around 2,500 employees with about Rs 10.52 crore, including recurring annual benefits of about Rs 9.02 crore. It addresses implementation of the 12th Bipartite Settlement, House Rent Allowance enhancement, transport allowance for Divyang employees, overtime payment and transparency in promotions, according to the ministry statement reported by both wires.