Pension updation in RBI-Recent Events

5 Jul
Silent protest at Chennai

Silent Protest at Chennai-2nd July 15

A silent Dharna was held at RBI Chennai on 2nd July 15 by the RBI retirees and all the working employees about the “unresolved problems of Pension updation and one more pension option etc.”

A memorandum was “presented to the Board members.
Incidentally, from other sources, it is learnt that the finance secretary was not present in the board meeting.

As per the  UFRBOE circular

Governor details DFS stand on stalemate

Governor details DFS stand on stalemate

the Governor… gave a detailed picture of the stand taken by the DFS (Dept. of Financial Services) and the Ministry, the efforts put forth by RBI so far to break the stalemate and with regard to the latest position.

He reassured the leaders his wholehearted support to the cause of the retirees.”

However,further contents of the circular contain oft repeated phrases like “concern about inordinate delay,” “continuing agitation relentlessly“, .. “Agitate and strike”. But no  details are given about the contentious issues regarding ‘stalemate’. The ‘latest position’ too remains unexplained.

Awaiting the promised solution

Awaiting the promised solution

   Moreover, there seems to be resentment amongst the retirees about the  silent protest/Dharna continuing as a ritual. Why no other steps have been initiated to effectively  resolve the issue so far?Or, are we wholly dependent on the Governor and his office for the things to move that needs no explaining?

Such inexplicable circumstances coupled with incomplete information are leading to various conjectures in the mind of retirees. Such conjectures are visible on Groups’ posts on the internet and other social sites in abundance. Such doubts are also being expressed in Private discussions and SMSs. No useful purpose will be served by reproducing what has already been doing rounds at the moment. The root cause of such conjectures and doubts is -the inordinate delay- as termed in the UFRBOE circular- and the incomplete information, deliberate or forced upon the united front.

We, however, advise the retirees, frustrated by the delay, who have been asking about the veracity of the  unconfirmed developments-negative or favourable- to wait and watch. Let us hope and pray the Ministry grants approval before the pending wage revision for 2012 is finalised. Otherwise, events in Banking Industry may force us to think “Which organisation in RBI is going to strike work for the retirees cause after the wage settlement is over?”

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5 Responses to “Pension updation in RBI-Recent Events”

  1. ramesh 05/07/2015 at 5:34 pm #

    Can we not sit side by side with defence guys during bihar elections and learn how to attract attention of greedy Jaitley

    Like

  2. S.Nallasivan 05/07/2015 at 9:30 pm #

    The silent morcha at every single venue of Central Board Meetings have lost its sheen long back. Instead of evincing sympathy we have become an avoidable irritant, rather a nuisance and such morchas have become a matter of ridicule. We should desist from holding such silent morcha parading our respectable octogenarians and septuagenarians. Are we demanding our right denied mercilessly for a decade and more or seeking alms from the Finance Ministry which has no role in the internal matters of RBI? Let us hold our head high and should vow not to undermine our self respect any more.

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  3. VRRao 05/07/2015 at 11:47 pm #

    Sir
    Last year in Chennai,the Governor promised to ensure a fair settlement at the earliest.Perhaps he was confident of that.This year he was much more genaralistic in his response.He told what was the MOF stand and what the Bank has done so far.This time he only assured his whole heartred support to the cause of the retirees.Some empty words.If you read in between the lines,what he said was he is not capable of doing anything more.If you read his responses from the day he came to RBI,he was contineously diluting his stand.Finally,now he raised his hands.Has he not diluted the stature of a Governor of RBI.
    Sadly,we can not expect anything from this type of Governors.
    The present Associations/Unions in th Bank will not go for any strike for the Cause of the Retired.
    We all will continue to suffer in silece.

    VRRao
    M-499

    Like

  4. R.C.DAS 06/07/2015 at 2:04 pm #

    I DON’T BELIEVE THAT WE CAN BECOME IRRITANTS TO GUYS WHO ARE FLOATING ON PINK 1000 BUCK NOTES.IF WE CANT GO TO SUPREME COURT OR HIGH COURT AS WE CANT PAY 25 LAKHS PER HEARING TO HARISH SALVE OR CHIDU OR KAPIL SIBAL ,R.K.ANAND ETC ,WE HAVE TO CONTINUE TO PROTEST AND CALL THE LOCAL TV,NEWSPAPER GUYS EACH TIME. NOW A DAYS U CAN HOLD UR HEAD HIGH IF YOU BEG FROM RBI,INSTEAD OF BEGGING YOUR KIDS.PLEASE SEE BAGHBAN FILM ONCE MORE

    2.I FULLY CONCUR WITH THE VIEWS OF V.R.RAO ,ABOVE

    3.LET THE GUYS WHO ARE SITTING ACROSS THE TABLE TODAY AS THEY ARE NOR AFFECTED TALK TO US AFTER 2017 WHEN MONEY VALUE SKID TO 1 PAISE AGAINST 1 RUPEE

    Like

  5. PBS 06/07/2015 at 6:48 pm #

    Updation is part of pension.There are Supreme Court judgements to that effect.It is time to intensify the protests.

    Like

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