Dear Mangesh,
Your 'VITALINFO' is really useful and I make it a point to read it daily. I wish to add a comment on the RBI Pension Updation Issue and did not know how to send this feed. Hence, I am sending this mail for you to incorporate it in the main body:
"The issue of Pension Upgradation in RBI has been pending for the last several years. The commendable efforts of the United Forum of Employees and the Retired Employees' Associations on the issue have not borne fruits except to the limited extent of stopping RBI from going back on the Upgradation up to a particular period granted by Dr.Bimal Jalan. Several retired employees have also used the RTI for eliciting information from the Government/RBI which would support the arguments adduced in favour of Upgradation. Several well informed and exhaustive letters have been written to the Bank and detailed arguments have been advanced before the Bombay High Court as to why the denial of Upgradation ,on the lines of Central Government pensioners, is not well founded. I have not been able find in the wealth of information argument/s of the Government for not acceeding to the request of the Bank. The only argument of the Government I have been able to cull out from the wealth of material is that the upgradation cannot be granted without an amendment of the relevant RBI Pension regulations and simply on the basis of administrative orders. Even this argument does not explain as to why the approval of the Government cannot be granted if the RBI sends an appropriate amendment of the pension Regulations in deference to the view of the Government (even if the legal department of the RBI does not consider it necessary). Would someone in the RBI fraternity, among whom the 'VITALINFO' is bound to be useful and popular and hence is received by a large number, enlighten me on the issue. Thanks in anticipation."
Mangesh, would you please let me have a line in acknowledgement of the mail? Thanks.
A.Chandramouliswaran, (Former Executive Director), Chennai
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