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Ads by Google by
Rajesh Goyal
In the first meeting held on 22nd February, 2013, IBA had agreed to hold the next meeting on 4th March, 2013. In my article I have shown my happiness as I felt that UFBU and IBA appears to be a bit serious about holding of 10th bipartite negotiations on a regular basis, as the next meeting was scheduled to be held on 4th March, 2013 i.e. after 10 days. I felt to start with a meeting within 10 days is a good beginning. However, now reports indicate that IBA has postponed the meeting and UFBU has no clues even for the next meeting. It appears IBA is again back on the old trick of delaying and derailing the negotiation process. Bankers have to be be aware of the same. Now, you may not be surprised if IBA and UFBU party take another 10 days to decide the next date, which may than be held after another 10 - 15 days from the date of announcement. This means a gap of almost 1 month.
Ads by Google I can only hope better senses will prevail and UFBU will keep up the pressure and ensure that there is never a gap of more than 10 days between two meetings. We too will monitor the same and request bankers to be vigilant, as you people are the biggest losers for delays. We intend to keep a track of the developments in this tabular format so that full transparency is maintained, and IBA and UFBU are not able to make a fool of the bankers this time.
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