Feature Post

UFBU Calls Off Nationwide Bank Strike on 24th and 25th Mar 2025 After Assurances from Finance Ministry and IBA

I n a significant development on March 21, 2025, the United Forum of Bank Unions (UFBU) has decided to call off their two-day nationwide strike, which was originally planned for March 24 and 25. This decision was made after the UFBU received positive reassurances from both the Finance Ministry and the Indian Banks’ Association (IBA) regarding their key demands. The banking unions, under the umbrella body of UFBU, represent employees from nine major unions across the country, including AIBEA, AIBOC, NCBE, AIBOA, and BEFI. The unions had earlier called for the nationwide strike to protest against several ongoing issues that they believe impact the welfare and job security of bank employees. Key Issues Behind the Proposed Strike The strike was initially called by UFBU to address a range of pressing concerns, some of which have been lingering for years. The union's main demands included: Five-Day Workweek for Bank Employees:  One of the most anticipated demands was the implementation o...
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FSI/FAR (Floor Space Index or Floor Space Area)

Land with higher FSI attract higher price
FSI/FAR refers to ratio of built-up area inclusive of all floors to the area of land on which the building is constructed.

Floor area ratio = (Total covered area on all floors of all buildings) / (Area of the plot on which building has been constructed)

An FSI of 4.0 indicates that the total floor area of a building is 4 times the gross area of the plot on which it is constructed. It is found in a multi-story building.

 More Related Topics

        Retail Banking - Valuation of Real Property        
        Depreciation       
        YP (Year Purchase)

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