About Pension Updation

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BABUS DENY PENSION UPDATION IN RBI-CHARMING THE SNAKES!

1. More than 40 lakhs Pensioners in Central Govt. get their Pensions regularly updated on every revision of Pay Scales, latest being 6th Pay commission.

2. All State Governments in India, most of whom survive bankruptcy because of financial doles from RBI and Govt. of India have updated pension of lakhs of their employees on every pay revision.

3. Pension is regularly updated in almost all the loss making PSUs of Government of India.

4. And. then why the updation of Pension to handful of RBI pensioners is being denied by the Babus in M/o finance on hyper technical legalities ?

The old RBI Building in Mumbai

The old RBI Building in Mumbai (Photo credit: Wikipedia)

And, when RBI maintains its own Pension fund in billions for the pensioners!

Why the Babus have encircled, like
hissing snakes, the helpless RBI pensioners many of whom have died waiting updation due to the bites inflicted by Babus ? !

 

 

 

 

 

5. Will the New RBI Governor IMF Economic Counselor and Research Department...Raghuram
Rajan be able to charm these snakes and push them to their pit !

Wisdom lies not in predicting the fault lines. but in fixing the evident fault lines created and imposed by sadistic men in the system.

71 Responses to “About Pension Updation”

  1. Vijay Kumar Sachdev 27/06/2013 at 12:31 pm #

    It is suggested to ask for one rank one pension, for example all Asstt. Managers with 25 yrs of service should get the same pension irrespective of his date of retirement.

    Like

    • Sunil Kumar 26/09/2013 at 3:51 pm #

      Being central Bank of India it must be one rank on pension to all members of retired staff. Reserve Bank is maintaining their own pension fund. Question does not arise to ask the Central Government to act upon this matter. Only Central Board can approve on this matter.

      Like

      • wdtom 30/09/2013 at 9:35 am #

        central board’s resolution approving pension updation is kept in limbo by central govt.

        Like

    • Capt. C B Gupta 28/09/2013 at 4:10 pm #

      Pension Updation is in the hands of FM. But Medical Facility is in the hands of RBI. Why can’t RBI allow full CASHLESS TREATMENT FACILITY WITHOUT ANY CEILING in Single Private Room Category to Officers and Semi- Private Category entitlement to workmen. Why to blame others. Things which you can do ; DON’T want to do. Will RBI HRMD do it in a month? ……..

      Like

    • RAMESH 01/05/2015 at 12:56 pm #

      Govt dropped the PDMA from finance bill yesterday .so if we continue pressure then we too CAN

      Like

    • PBS 28/08/2015 at 9:48 am #

      It is high time that more and more people file such petitions.Unless Pensioners of RBI,Commercial banks and LIC come together the movement will not gather momentum.

      Like

      • sagar sumer singh 31/08/2015 at 3:27 pm #

        I fully support this endeavor Let us all come to together

        Like

      • purnachandrapattnaik 11/09/2015 at 7:04 pm #

        yes,it is a fact that at the apex level ,a coordinated ,cohesive force and action is essentially required.–it is also a must ,to consult some best legal experts ,who will fight this at the highest judiciary level.–hope good sense and unity should prevail upon the minds of our all connected leaders to speak ,move to press frequently ,and call for a debate on television.,,such as times now ,ndtv,etc.perhaps approaching the print media ,with data ,several judgements ,could help this situation.–further ,if the rbi board is competent to deal with this ,why the same is not pressed by the existing in-service employees ,of rbi,?they are perhaps ,unable to visualise this.—

        Like

      • shedthikere prabhakara, retired CGM, NABARD 18/03/2016 at 11:27 pm #

        I agree. The case should be fought unitedly.

        Like

  2. premsunderdas 28/09/2013 at 4:04 am #

    Central Govt. has now appointed 7th Pay commission which will bestow the benefit of updation to Central Govt. staff and RBI pensioners will be left behind. Can the RBI pensioners Assn. not approach the court. Further Central Govt. has raised DA from 89 to 90%. Will RBI pensioners be extended similar benefit.

    Like

    • amar Singh Bable 31/05/2015 at 12:25 pm #

      yes all the pensioners’ Assns of RBI,IDBI,NABARD & SEBI should approach the court rather than to babus of Mof of Goi.

      Like

  3. k.sriharinarayana,hyderabad 29/09/2013 at 6:58 pm #

    it is a legitimate demand.when everywher procedure is followed why not in banks?
    shame,even 7th pay commission which is due in 2016 is already accepted and members are to be announced
    i do not know why chidu is i hurry to give sops to all except bankers. are we poor in rising our voice,banking industry
    is key industry and backbone for economy ,but why? why / partisan attitude. the departed souls are seeing from heavens
    about injustice done to their families.friends ARISE<AWAKE ACT sriharinarayanaaa
    ksh_narayana@yahoo.co.in

    Like

  4. Vijay Kumar Sachdev 21/10/2013 at 1:43 pm #

    As the pension updation is taking time,but as our settlement is due, we,(The retired employees) may demand for 50% of all the perks which are given to the serving employees of RBI.

    Like

    • premsunderdasp 19/12/2013 at 4:37 am #

      yes. Also the Govt should allow revision of pension by DR merger

      Liked by 1 person

    • amar Singh Bable 31/05/2015 at 12:41 pm #

      Every organisation pays the perks as per its financial strength/health/soundness and the fin. health is generally made strong by its founder/senior employees/officers the fruit of which is tasted by the new generations for years.. Thus it is rightful to pay 50% perks to retired employees as demanded by Sh.V.k.Sachdev.

      Like

  5. RAJESH D JOSHI 04/01/2014 at 1:15 pm #

    RESPECTED FINANCE MINISTER IT IS YOUR STATEMENT THAT BANKS HAVE SHOWN REMARKABLE PROGRESS IN PAST 10 YEARS,IT ALSO MEANS BANKS HAVE OBEYED EVERY DIRECTIVES/INSTRUCTIONS GIVEN BY GOVERNMENT AND SURELY THE GOVERNMENTS CONTENTS WERE FOR MASS PUBLIC/COUNTRY”S INTEREST : THE ATTITUDE OF GOVERNMENT,REGARDING BANK PENSIONERS PENSION-UPGRADATION IS THAT,THE GOVERNMENT WILL BEAT BANKS/BANK EMPLOYEES LIKE HER (GOVT.”S) WISH BUT WILL ALSO LIKE FROM BANK EMPLOYEES NO CRY/DEMANDS BE MADE FOR THEIR SACRIFICES,SERVICES RENDERED BY THEM FOR BUILDING THE NATION STRONG. FINANCE MINISTER SIR IS INDIA A DEMOCRATIC COUNTRY ?HENCE” WHERE TWO DIFFERENT FACILITIES ARE ALLOWED TO SAME TYPE/CASTE(PENSIONER)
    OF CITIZENS.
    RESPECTED FM SIR IT IS A VERY HUMBLE REQUEST KINDLY GO THROUGH THE PENSION FORMULA SIGNED BETWEEN IBA AND BANK UNIONS( IN OCT. 1993),WHICH WAS MOSTLY ON THE LINE OF CENTRAL GOVTS EMPLOYEE”S PENSION FORMULA, SO PLEASE INTERVENE INTO THE MATTER,AND INSTRUCT THE IBA SUITABLY, BECAUSE THE 10TH WAGE REVISION TALKS BETWEEN IBA AND BANK UNIONS IS IN PROGRESS AND THIS TI PENSION-UP GRADATION IS ALSO IN CHARTER OF DEMAND,,. RAJESH D JOSHI,DHAR(MP)

    Liked by 2 people

    • E.R.IYER 01/02/2015 at 3:23 pm #

      FINANCE MINISTER HAVE NO TIME TO SEE ALL YOUR NEEDS. HE WANTS TO TAKE CARE OF HIS HEALTH. > MORE BANK UNION LEADER MET FM> THEY ALLOWED TAKE PHOTO . THAT ALL. BOTH UPA NDA SAILING THE SAME BOAT> NEARLY 3 MONTH OVER FM NOT TALKED SO FOR SINGLE WORD ABOUT BANK EMPLOYEES /RETIREES DEMAND.

      Like

  6. E.R.IYER 22/08/2014 at 2:17 pm #

    when central govt. state gout pensioer getting updation pension WHY NOT BANK EPPLOYEES..ATLEAST NEW FINANCE MINISTER MUST TAKE UP THE MATTER AND DO THE NEEDFUL.

    Like

    • Ranganathan S. Asst. Manager Retired.MR0284 02/09/2014 at 9:44 pm #

      CAT PB has ordered in O.A.2461/2012 on 30/07/2013 to re-fix the pension of Central Govt. Pre-01.01.2006 retirees 50% of pension on completion of 20 yrs service.RBI is adamant in not updating 50% of pension on completion of 20 yrs service to those retired before 12.01.2013. Please take up the matter

      Liked by 3 people

      • E.R.IYER 01/02/2015 at 9:01 am #

        In this wage revision all bank retires will get updation ?

        Like

      • wdtom 02/02/2015 at 5:28 pm #

        updation. if at all it comes, will be only after wage revision. GOI and IBA do not seem to be inclined.

        Like

      • Arjunbhai Iswerdas Oza. 04/02/2015 at 11:00 am #

        Please take updation of Bank pension to theire pensioners with Wage Settlement, not after.

        Liked by 1 person

      • Pbs 04/02/2015 at 11:14 am #

        Updating will not come unless LIC,RBI and Bank pensioners come together and fight.

        Like

      • rameshkaul 04/02/2015 at 1:58 pm #

        UFBU must insist on pension updation in the current bi- partite negotiations. Settlement should take place, only when respectable wage increase for serving staff and pension updation for retired staff.Pensioners are ready to assist serving staff in all of their
        agitational programmes.

        Like

      • rajkumarnegi 01/02/2015 at 10:10 am #

        The country is one but the rules framed by the rulers are different. If 50% pension can be given to Central Govt Employees, why this rule should not be implemented in R.B.I and other banks. The persons who served in banks are not the second class citizens of free India. I have used the word free India but India is not free by the rulers. One rule for all the pensioners. The 7th bipartite retirees of State Bank Of India are fighting for the increase in pension with other banks and with R.B.I pensioners from 1998 and there is no progress in their case . They are getting 29% pension as compared with other banks and R.B.I pensioners.
        Rajkumarnegi

        Like

      • eriyer47 05/02/2015 at 6:54 am #

        DO U MEAN TO SAY THAT UPDATION WONT COME IN THIS SETTLEMENT ? WHEN BANK IS FALLOWING RULES OF CENRAL GOVT> PENSION RULES WHY THEY ARE NOT GIVING UPDATION> I HAVE NO FAITH SUPREME COURT JUDGEMENT DUE TO DELAY. WHY NOT ALL UNION FIGHTING AGAINST GOVT.

        \

        Like

      • wdtom 24/02/2015 at 3:21 pm #

        Pensions in GOI and State Govts., as a rule, are revised only after wage revisions.

        Like

      • Ranganathan S. Asst. Manager Retired.MR0284 15/03/2015 at 3:51 pm #

        I,Ranganathan S. Asst. Manager Retired.MR0284 and ten others have filed Writ Petition No. 2627 of 2015, admitted on 04.02.2015 IN THE HIGH COURT OF JUDICATURE AT MADRAS praying for 50% of pension on completion of 20 yrs service to those retired before 12.01.2013. Notice Ordered to Respondents. It will come up for hearing as per seniority.

        Like

      • Vijay Sachdeva 16/03/2015 at 10:40 am #

        The writ petition for full pension in 20 yrs for retired before 12 Jan 2013 is also filed in DELHI High court since Dec 2013

        Like

      • Ranganathan S. Asst. Manager Retired.MR0284 27/03/2015 at 12:27 pm #

        Thank you very much for the information.Can you please give me the details of person who filed the Writ in Delhi High court.My contact number is 9444452390.

        Like

      • k Manikandan 16/03/2015 at 7:31 pm #

        Sir, pls keep me posted of the developments in the case of full pension for those retiring after 20 years of service. I am an exserviceman retired on superannuation after 24years of service in Bank of India. Kindly advice me whether the outcome of ur case will b useful to m

        Like

      • wdtom 02/04/2015 at 6:21 pm #

        two separate issues in different organisations

        Like

      • S.Ranganathan 02/04/2015 at 7:54 pm #

        Dear Manikandan,Hearty Greetings.Surely I will update the developments.

        Like

      • amar Singh Bable 31/05/2015 at 5:28 pm #

        In RBI 50% pension of pay of average of last 10 months ( & not last pay drawn as applicable for goI employees) on completion of 20yrs service was approved by Babus of Goi (MOF) wef 12.01.2013 (ie date of issue of Goi gazette notification & not the date of approval) and too for them who retires after 12 Jan.2013.The same case of NABARD is still pending with the Babus. If now babus clear this proposal , it will be again implemented wef the date of gazette notification of future.What would happen to those hundreds of pensioners of NABARD who retired upto today after completion of 20 yrs of service? Are we still living in a Gulaam Desh where rules for bureaucrats are different from rules of common Indian Citizen. In fact it should be implemented w.e.f.01.01.2006 (at par with other Indian citizens).

        Like

    • amar Singh Bable 31/05/2015 at 1:14 pm #

      The corruption is related to job & its wages ” more power less wages= more corruption”. An employee of a powerful deptt. make plenty of money by using other ways to make his & his next generations for leading happy and financially comfortable life besides handsome pension (with updation from time to time). On the other hand bank employees,who perform their duties with full dedication & honestly not even given pension updation facilities(where no budgetary provision/burden is required). Should bank employees also use other means? why does govt…. deny rightful demand of pension updation in banks. If so the financial/economical stability of the nation would be on the stake.

      Like

  7. venkadachalam .k 30/08/2014 at 8:45 am #

    HON. FINANCE MINISTER .SRI. ARUN JETLY SIR, LOOK IN TO THE MATTER REGARDING THE PENSION ISSUE OF REGIONAL RURAL BANK EMPLOYEES NOT GETTING PENSION AT PAR WITH PUBLIC SECTOR BANK EMPLOYEES.KINDLY DO THE NEEDFUL TO THE REGIONAL RURAL BANK EMPLOYEES , FIGHTING FOR THEIR RIGHT YEARS TOGETHER. BANK STAFF ONE
    PENSION TO ALL PSB BANK & RRB EMPLOYEES. TAKE THE DECISION TO GIVE LIFE TO RRB EMPLOYEES.

    Like

  8. M P Thakkar 17/09/2014 at 12:43 pm #

    I want to know about Ex Gratia case of Delhi High Court

    Like

  9. Sudershan 24/12/2014 at 8:59 pm #

    BREAKING NEWS :

    PM Modi calls for a meeting with Bankers, FM, RBI Governor on 2nd-3rd Jan – to discuss improvement of Banks.
    What about improvement in the service conditions of Bankers/Pensioners & their BPS , along with RBI STAFF/Pensioners matters ?

    – whether RBI Governor will be able to effectively put up their case with PM/FM for a New Year GIFT ? PM Modi must see Jan Dhan Yojana , along with WELFARE of Bankers/Ex-Bankers.

    * He must, for the sake of his own RBI staff/Pensioners whom he has very recently assured them – their Wage Revision / Updation matter likely to be settled only after Bankers BPS – even LIC/GI people are looking for Bankers BPS.

    Is Mr Rajan listening ??????
    ( This post is from a retired banker in the mutual interest of the Financial Sector fraternity)

    Like

  10. Alladarajendrababu,krishnalanka,vijayawada,retiredandhrabankofficer 24/03/2015 at 3:59 pm #

    Every where in the state and central govt. employees are getting their pensions updated in every salary revision, but only the bank employees are not getting their pension updated, whenever their salary revision occurs

    Like

    • amar Singh Bable 31/05/2015 at 5:49 pm #

      Full attention/publicity is being given by the present Modi Govt. to “One rank one Pension” while legitimate demand of updation of pension of bank employees is being ignored.Reason for this is the Vote Bank. Ex military persons (who are supposed to be more disciplined than the bank employees) have registered their strength (in terms of no.of votes) for which govt is listening them while retirees bank employees are scattered & not united. Time has come to register our strength & raise voice of retired bank employees unitedly by all retired as well as serving (as one day they will also come this side-retiree) bank employees.

      Like

      • k Manikandan 01/06/2015 at 7:09 pm #

        Amar Singh Bable Sir, publicity on OROP is not given by Modi Govt. now. That was 6 months back. Now it is given by anti Modi press & political interests. Neither does Modi Govt give full attention also as believed by your goodself. Had they given e shud hv got it byn this time. OROP is yet to see the light of the day and I as an ESM don’t think we will ever get it. What was that Modji said on 30th May? His Govt is elected for 5 yrs! Do u still say Modi Govt is giving full attention/publicvity to OROP? K Manikandan ESM & BOI Retiree

        Like

  11. T Gopal Rao 20/04/2015 at 4:06 pm #

    T. Gopal Rao Retired AM RBI Bangalore

    I am one among few retired employees who have not opted for Pension, and we regret for that. It has become hell of a task of maintaining ourselves with a meager amount which we receive by way of interest on our deposits. Everyday the interest rate is coming down and the cost of living is going up. AIRBIOPF please save us from poverty by making us join the main stream – Pensioners – at the earliest.

    Like

  12. S.Ranganathan,AM,Retired 29/04/2015 at 4:22 pm #

    I got the following information from DEBC.As on June 30, 2014 pension fund is Rs.10782.24 crore. There were 17875 pensioners who drew pension as on October 31, 2014 and incurred an expenditure of 517.97 crore from November 2013 to October 2014

    Like

  13. Anant Narain Saxena 24/05/2015 at 10:13 am #

    please notify me New comments &New posts via email

    Like

  14. Suman Goswami Retd. Manager. 16/07/2015 at 5:11 pm #

    I dont understand what finance ministert has to do with RBI Pension updation .Why the pensioners have been ignored. ? We have been fighting for our demands silently but Govt. has no time to think about pensioners..I hope one day the justice will be done with RBI retirees who have given their majore part of the lfe to the institution.Justice should be demanded.

    Like

    • N HRINARAYANA SARMA 19/07/2015 at 9:17 pm #

      Sir, if you can, upload a petition to the Hon’ble PM through change,org seeking his intervention for resolving this very important issue concerning bankers

      Like

      • wdtom 20/07/2015 at 9:58 am #

        Many petitions trashed at PMO

        Like

  15. tilakroychowdhury 27/07/2015 at 9:24 pm #

    Retired bank employees are street …s.What ever the union leaders and the IBA will throw into the street the retired employees have to take without protest but their cunning approach to the senior citizen is crocodile tears and their sense to humanity is a nonsense.

    Liked by 1 person

  16. Vijay Sachdeva 11/08/2015 at 1:44 pm #

    As now even the pre2006 central Govt employees are given full pension after 20 yrs service and pension updation’The same rules should be made applicable to RBI employees also’It is suggested that all pensioners should be governed by the same rules,

    Liked by 1 person

    • S.Ranganathan 23/11/2015 at 8:26 pm #

      Dear Vijay, What is the present status of writ filed in High Court Delhi regarding
      full pension after 20 yrs service

      Like

  17. rajkumarnegi 11/08/2015 at 4:16 pm #

    The bankers should not run after bipartite settlement, The bank retirees are not going to gain any thing from bipartite settlement. Every employees be under 7th pay commission .and the pension should be fixed as per the entitlement of the retiree.comparing to the service and rank . This is the only solution to get the justice from the Govt, I.B.A. and the controllers.
    Rajkumarnegi

    Like

  18. Sagar Sumer Singh 17/08/2015 at 7:23 pm #

    Pension is not charity it is constitutional right . When equal work equal pay formula is applied in entire banking industry why not same can be extended to pensioner. Let us take lead & file PLI in supreme court . Come join to fight injustice.Pension should be updated as & when new scales get implemented.

    Like

    • PBS 20/08/2015 at 9:02 am #

      Already SriS Ramachandran,former GM,BOB filed a Suo moto writ petition on behalf of all the bank pensioners and the petition is already supported by another more than 200 petitioners.It is time RBI pensioners also file similar petitions so that all the cases may be expedited together.

      Like

      • Sagar Sumer Singh 20/08/2015 at 3:14 pm #

        Let us come forward & file similar PIL joining all RBI & NABARD op tees pensioner. Come forward my intellectuals friends

        Like

      • Katari Satyanarayana, 20/08/2015 at 5:20 pm #

        Dear Friends of Democracy,
        All funds necessary for implementation of Pension Scheme and as assessed on an annual basis by the actuaries shall be provided for by PS Banks before transfer of balance of Profit to the stake holders including the major share holder i.e., GOI. IBA objects for implementation of RBI ‘s Central Board”s resolution of October 2011 to reintroduce Pension Updation Scheme for the simple reason ;” if RBI introduces Pension Updation Scheme, IBA too had got to implement the same vide its undertaking given in the basic Pension Agreement entered with UFBU on 29 10 1993″. GOI’s plea for not giving accord to RBI Board’s decision dated Oct.2011 is IBA’s objection. IBA is legally a non-entity having got no such statutory authority either to get itself binding to or make its members binding with the compliance of the GOI’s instructions that it conveys in between the GOI and the member Bank Managements. . Though it simply represents member banks including PS Banks, Private Sector Banks, and Foreign Banks put together, IBA can never be made accountable by the GOI for any of its commissions or omissions in respect of the GOI’s decisions being conveyed through it to its member banks nor IBA can itself make any member banks statutorily accountable for such non compliance of GOI instructions.
        Thus the GOI plays the horrible game of denying fundamental rights of the bank retirees through IBA by making it enact the dramas of Joint Notes with UFBU as a cover up for its nefarious acts.

        For Example let’s go through this account:
        :
        1.Vide its decision dt. 24 12 1997 GOI removes the discriminative ‘strike’ clause in Regulation 22(4)(b)and advises IBA to convey to its member banks to make necessary provisions for its implementation .
        2. IBA advises on 02 01 1998 its member banks’ managements to carry out the amendment by introducing the Pension Amendment Scheme,1998 removing the ‘strike’ clause from Regulation 22 (4) (b).
        3. All PS Banks brought out the Amendment Scheme ,1998 and got it published in the Official Gazette on different dates before March 2000 .( Indian Bank’s Publication dated 16 03 2000)
        4.As per the publication, the Amendment Scheme ,1998 comes into force with immediate effect from the date of publication in the Official Gazette..
        5. But None of the PS Banks had given any effect to the Pension Amendment Scheme,1998 with effect from the date of publication made by them in the Official Gazette before bringing out Special VRS ,2000 and its implementation through 2001 or there after even. ( WP 6468 of 2003 with Hon’ble High Court of AP is still pending as of date )
        6. There is no information as to on whose instructions, and or with what authority got vested with the BOARDS that had brought out the Pension Amendment Scheme ,1998 , the said Pension Amendment Scheme ,1998 was not implemented forth with by the said BOARDS or its implementation( in a distorted version ) was kept in abeyance till 27 04 2010.

        Only on 27 04 2010 , through a further Joint Note that was concluded for implementation of the said Pension Amendment Scheme, 1998 certain raiders for unnecessary/extra constitutional contributions by both employees and retirees to Pension Fund; forfeiture of vested rights to accrued benefits of pension through cut-off date 29 11 2009 were prescribed as the Terms of Joint Note dated 27 04 2010 and got implemented with an illegal consent from GOI obtained by the IBA on 10 08 2010..

        Such terms are in no way consistent with the provisions of Act 5 of 1970 and the corresponding Regulations as notified on 29 09 1995..

        7. Ironically when the information was sought for from the MOF on the objective basis with which the said decision 24 12 1997 was taken by the GOI, the CPIO, as well as the Appellate Authority of Industrial Relations Section of Department of Financial Services, Ministry of Finance, GOI ever since September 2013 continue to claim that the said file containing the GOI’s decision dated 24 12 1997 is ‘NOT TRACEABLE’.

        AND WHO IS TO BE MADE ACCOUNTABLE FOR THE NON-IMPLEMENTATION OF PENSION AMENDMENT SCHEME, 1998 WITH ALL OTHER PROVISIONS IN TACT (EXCEPT THE ‘STRIKE ‘CLAUSE) IN FULL FORCE AND TO BE OFFERED AS A SECOND OPTION FOR THOSE EMPLOYEES LEFT OUT AFTER 29 09 1995 ?

        AND WHO SHALL BE MADE ACCOUNTABLE FOR THE IMPLEMENTATION OF THE ILLEGAL TERMS OF JOINT NOTE DATED 27 04 2010 WITHOUT CARRYING OUT THEM AS AMENDMENTS TO THE CORRESPONDING REGULATIONS AS UNDERTAKEN BY IBA IN THE SAME JOINT NOTE AND AS STATUTORILY REQUIRED TO BE DONE FOLLOWING DUE PROCEDURE LAID DOWN UNDER SECTION 19 OF ACT 5 OF 1970 AND 1980. ?

        WHERE IS THE QUESTION OF ACCOUNTABILITY EITHER FOR IBA OR FOR UFBU THAT ENACT THE DRAMAS OF JOINT NOTES ?

        WHO SHALL QUESTION THE BOARDS FOR NON COMPLIANCE OR OVERRIDING THE STATUTE WITHOUT ANY COMPETITIVE AUTHORITY WHILE IMPLEMENTING SUCH ILLEGAL TERMS OF JOINT NOTES?

        AND WHY THE GOI BLISSFULLY CLOSES ITS EYES (BLINKS) FOR THE MISFEASANCE BY THE BOARDS BY COMFORTABLY NOT LOOKING BEYOND THE IBA AS IF ITS RESPONSIBILITY IS OVER ONCE IT PASSES ON THE INSTRUCTIONS/DECISIONS THROUGH IBA IRRESPECTIVE OF THE NECESSITY OF THEIR ( DECISIONS OF GOI) BEING CARRIED OUT METICULOUSLY BY THE BOARDS OF PS BANKS ??

        NO EXECUTIVE( FINANCE MINISTER) IS APPARENTLY INTERESTED TO KNOW THE MANNER IN WHICH THE STATUTORY PROVISIONS ARE BEING IMPLEMENTED EVEN WITH DISTORTION AND DETRIMENTAL TO THE INTERESTS OF THE BENEFICIARIES OF THE PROVISIONS OF THE STATUTE BROUGHT OUT THROUGH PARLIAMENT.
        THOUGH IT IS DIFFICULT TO GAUZE THE DIGNITY OF THE LAW MAKERS THROUGH THE PROCEEDING OF THEIR MEETINGS IN MOTH THE HOUSES OF PARLIAMENT BEING AIRED ,LAW ENACTED BY THEM PREVAILS BEYOND THE THE ADMINISTRATIVE INSTRUCTIONS THAT TRY TO FLOUT IT WITH OUT ANY COMPETITIVE AUTHORITY VESTED ON THE EXECUTIVE..

        Friends,
        If at all our UFBU members could not have pawned their dignity and honour with the IBA , they would have definitely raised all such issues on an industrial level emphatically based on the objective of keeping the fundamental rights of the members upright that got duly vindicated umpteen times by the Judiciary .—
        a) 04 03 2015- kolkatta High Court Judgement on 100 % DA Neutralization
        b) 01 04 2015- Madras High Court Judgement on the illegality of the implementation of irrational terms of Joint Note dated 27 04 2010 with out carrying them as amendments to regulations as required by Statute.
        c) 01 07 2015 – Apex Court decision upholding that ‘Pension is not a Bountry’ Revision of pension must be concurrent with revision of pay structure.
        There are myriad number of cases filed against the managements of PS Banks,IBA, and the GOI pending resolution but for the wanton litigation being propped up by the GOI.

        LET UFBU REGAIN ITS WILL TO FIND A DIGNIFIED WAY TO SAFEGUARD THE DIGNITY OF ONE AND ALL , IF NEED BE , WITH A CLARION CALL.

        Otherwise. unless there is a system of ACCOUNTABILITY duly got fixed immediately by the Rulers of ” MERA SWACHCH BHARATH MAHAAN” we shall have to be content with this sort of dilly-dallying “ACCHE DIN AAYEGAA”.

        VOX POPULI
        MITHRA VAAKYA
        KATARI SATYANARAYANA

        Like

      • N HRINARAYANA SARMA 20/08/2015 at 8:25 pm #

        I fully support the logic behind this issue

        Like

  19. Dr. Rohit Jain 05/09/2015 at 3:27 pm #

    OROP declared today by the defense minister. Its high time for the RBI-ites now to stage a dharna an demand ORQP for retired personnel.

    Like

    • N HRINARAYANA SARMA 06/09/2015 at 9:22 am #

      Why RBItes alone but we should demand for the entire financial sector with the collective efforts of all in the financial sector taking a cue from the armed personnel (ex)

      Like

  20. sagar sumer Singh 05/09/2015 at 6:55 pm #

    All bankers friends come and join our interest we have given our prine youth &entire life in serving this country
    Country it is our legitimate right let us fight it out

    Like

  21. shanker swarup sharma 13/10/2015 at 10:12 pm #

    shy stooges and great chamchas are occupying important portfolios in rbi central office and unable to convince mof and governor of the genuine demand of retired staff.the demand is consonance of the promises made by management in its first circular.most unfortunate for us.cgm is looking at ED post,ED is hobnobbing for DG post.and DG after retirement wants an assignment in govt.a great irony.we should hold a national convention on this issue and apprise all concerned of the reality. s s sharma ex secretary airboa.
    .

    Like

    • sagar sumer singh 15/10/2015 at 12:23 pm #

      If one generation has committed fault/fraud it doesn’t stop us from fighting let us fight it out atlease someone will remember us for our fight. Appeal to all RBI & its associates may come join to fight.

      Like

      • Katari Satyanarayana 20/10/2015 at 4:32 pm #

        Superannuation Benefits
        X.28 In 2003, the Reserve Bank, with the approval of the Central Board, had made some improvements in the monthly pension paid to employees who retired prior to November 1, 1997. However, the government had observed that the improvements in the pension scheme could not be effected without suitably amending Regulation 2(2) of the RBI Pension Regulations, 1990 and requested the Reserve Bank for their withdrawal. In October 2008, these improvements in monthly pension were withdrawn by the Central Board. This was, however, challenged in the High Court of Judicature in Bombay, where the Hon’ble High Court set aside the Reserve Bank’s circular regarding withdrawal of improvements. Since then, there has been persistent demand from all the pensioners/retirees for improvements in pensions. However, the matter remains unresolved till date, though the Reserve Bank and the Government are fully engaged with the issue.

        So ,let the engagement of RBI Governor with the FM, GOI bring in without any further procrastination the fruits of labor quickly to the beleaguered pensioners of RBI .

        Like

      • Katari Satyanarayana 10/11/2015 at 7:30 am #

        X28 paragraph of RBI’s Annual Report notifies serious engagement of RBI with MOF-GOI for

        Like

    • premsunderdasm sunderdas 21/10/2015 at 7:54 am #

      There have been repeated protests in the web portal besides representations to the Governor, but to no avail. I think it is time for the the representatives of pensioners forum to directly interact with the Finance Minister as RBI though supposed to be an independant body, is actually not and are indirectly dictated by FM.

      Like

  22. sagar sumer singh 15/10/2015 at 12:31 pm #

    Let us file PIl some group from New Delhi can coordinate please

    Like

    • shanker swarup sharma 25/10/2015 at 2:10 pm #

      delhi is known for courtiers and racketeers.our mubai friends can do a lot.and only god may help.

      Like

  23. Kutty KN 02/12/2015 at 5:54 pm #

    Let us hope for the better, having 7th pay commission released their report.

    Like

  24. Kutty KN 02/12/2015 at 6:03 pm #

    Sir

    May I request you to include the “RBI Holiday Homes” (an updated list) in AIRBIOPF website ?
    I am sure this will be useful to retirees who can do the booking 90 days before.

    Like

  25. Debashis Guha 22/12/2015 at 11:26 pm #

    All RBI employees and Pensioners together have to find out the way to creat pressure on the government, specially existing employees have to take the initiative. Demand for one rank one pension -why it is not applicable for RBI Pensioners. Afterall we all working for our mother land.

    Like

  26. Saratha R 08/02/2016 at 1:57 pm #

    similarly option to join pension may also be insisted upon to enable those retired employees join the main stream of pension

    Like

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