Friday, December 26, 2014

Developments in RBI on Pension Updation Issue

Retirees in RBI are also fighting for updation of their pension. Towards this, representatives of employee unions and retirees met RBI Governor, Dr. Raguram Rajan at Kolkata on 10.12.2014. While showing full sympathy on demands of retirees he responded as under as per the communication issued by retiree organisation in RBI
“The Governor gave an attentive hearing and appreciated our
agony. He told that he is fully aware of this issue of the retirees and trying to sort it out. He mentioned that he talked to earlier F.M., Shri Chidambaram and Govt. was agreeable to consider this issue subject to certain conditionalties. RBI had complied with all formalities vis-à-vis the Government but meanwhile Govt. had changed. He said that change of Secretaries of Department of Financial Services in quick succession and also a new Finance Minister being there in place of earlier one has affected the progress in the matter. He told that he has met the new F.M. twice on this issue but then the file did not come to him. He repeated that RBI has complied with all formalities and now it is for them to respond. The Governor, however, felt that issue might not be resolved before finalization of wage talks in the banking industry, as otherwise there might be complications.  He, however, said to continue to pursue the matter, as  Government is bound by its earlier  commitment.”