<h1>Government Urges LIC and GIPSA to Start Wage Talks; Bank Employee Negotiations Ongoing Since June 2014.</h1> The government has received representations from employees of nationalized banks and government insurance companies concerning their salaries, pensions, and other benefits. Wage revisions for public sector bank employees are conducted through bipartite negotiations between the Indian Banks Association (IBA) and employee unions. The last meeting occurred on June 13, 2014. For insurance companies, the government has requested the Life Insurance Corporation (LIC) and General Insurers (Public Sector) Association of India (GIPSA) to begin wage revision consultations with employee unions. This information was provided by the Minister of State for Finance in a written response to a question in the Lok Sabha.