An open letter from M G Warrier
TO WHOMSOEVER IT MAY CONCERN
Greetings
The first casualty of lack of transparent communication is truth. It cannot be different, even if the institution is as big as RBI and the Governor is a person of impeccable integrity. Dr Subbarao’s efforts to resolve the long pending issue of pension revision got stifled by a hostile finance ministry. Hostility of a ministry should not be allowed to cause hurdles in the management of HR beyond an acceptable level of tolerance. I am not privy to the goings on in regard to pension revision at this point of time. I now propose to put together a paper on the basis of available information on the evolution of pension scheme in RBI since 1980s to the current period. I invite anyone who may have documents relevant for the study, which they consider, can be made available for research/publication, to share them with me. There is a belief that lower level officials in finance ministry are being used to pressurise RBI to agree with the line of thinking in the ministry using pension revision as a bait. One such issue is notification of RBI(Staff) Regulations, 1948. I am copying below excerpts from a note recorded by me on related issues sometime back. Kindly feel free to share your views.
- M G Warrier
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