devulapallimurti@gmail.com 21 Oct.2019 @ 14:32
vijayawada 521108
MY DEAR FRIENDS,
WHERE CHEATING IS THE ONLY WAY OF LIFE.. BANK RETIREES ARE MADE PERENNIAL SCAPEGOATS.. HISTORY REPEATS...
The leadership of AIBEA has become a marketing tool to echo “His Master’s Voice” of insufficient funds to meet the cost of Pension Updation time and again through every available forum.
The complacency on the part of the UFBU has become handy to IBA not to disclose the details of bank-wise fund position of the Pension Corpus.
The Leadership lacks guts to question the veracity of the cost of Pension Updation as exorbitantly “priced” at Rs. 95,000/- crores!! by IBA unilaterally!
https://drive.google.com/file/d/1oMDi_-phjmvYKN7AFpEvjhXDH2u_4S92/view?usp=sharing
A CARELESS ASSUMPTION ON THE PART OF IBA,(WHO HAS NEITHER LEGAL SANCTITY NOR ACCOUNTABILITY WHATSOEVER), ONLY TO MISLEAD THE GOVERNMENT AND GULLIBLE PUBLIC TO EXPOSE THE BANK WORKFORCE IN BAD LIGHT.
https://drive.google.com/file/d/1vrGoLnvBL4Q7Cpd52waiRkxNaLuklNcg/view?usp=sharing
THE IRONY PART OF IT IS, EXCEPTING IBA AND UFBU, THE REST ALL HAVE THE DETAILS OF BANK-WISE INPUTS FOR UPDATION COST WHICH WOULD NOT EXCEED EVEN Rs.20,000/- crores as against the wild projection of Rs.95,000/= crores by IBA.
https://drive.google.com/file/d/1v3Sje9ixmTQ8sM7cOyydwg4AmIImnv_c/view?usp=sharing
THE SABOTAGE TO THE RETIREES' INTERESTS HAS GOT ITS GENESIS RIGHT FROM THE DATE OF THE INTRODUCTION OF PENSION SCHEME IN 1995 ITSELF.
( From 1993, the effective date was further stretched to 1986)
The “Deliberate deletion” of the PENSION UPDATION CLAUSE which was a minuted position in the MOU signed earlier, was subsequently removed while adopting the same as Pension Regulations signed under the ID Act.
https://drive.google.com/file/d/1UVano_wwyJLVkZkcfPl1AywLDuTJDg-u/view?usp=sharing
HOW COME A SUDDEN LOVE FOR PRE-2002 RETIREES …?
Having miserably failed to clinch Pension Updation on par with our RBI counterparts,the leadership is now venturing to mislead the pre-2002 retirees with a new slogan/demand -
"..Consolidation of the Basic Pension of all the past retirees at a Common Index Point of 6352 of CPIN. This will eliminate the present 6-way DR-Formula to ensure the UNIFORM RATE OF NEUTRALIZATION (at 100%) to all the Pensioners which will restore PARITY of DR to the pre-1/11/2002 retired Pensioners..."- ONLY TO DEPRIVE THE RETROSPECTIVE BENEFIT TO THE LAMENTING LOT.
THE ABOVE MIGHT BE IN THE WAKE OF THEIR APPREHENSION OF POSSIBLE VERDICT IN THE CURATIVE PETITION # 243/2019 dtd. 15 02 2019 IN 100% DA CASE AS ALREADY PENDING BEFORE THE FULL BENCH OF THE SUPREME COURT HEADED BY THE HON’BLE CHIEF JUSTICE ; WHICH WAS FILED AT THE INSTANCE OF LATE LEGEND LEADER COM.Dr.B.RAMJI GARU, THE THEN GENERAL SECRETARY OF INDIAN OVERSEAS BANK RETIREES ASSOCIATION, WITH WHOM I HAD A LONG PERSONAL INTERACTION JUST A FEW DAYS BEFORE HE LEFT FOR HIS “HEAVENLY ABODE”.
https://drive.google.com/file/d/1LKAuokGEoKz2i91-D1CQaM8rpEQS1Hnx/view?usp=sharing
My Dear friends ! the leadership of AIBEA along with other major unions of the country are solely responsible for the non revision of consumer price index since 1960 which is still in force as base to decide our DA pattern- which is obsolete to the present living conditions. It is unfortunate that these unions representing the major workforce in the country could not clinch a revision for nearly SIXTY LONG YEARS !!!
This is despite the fact that, an upward revision to the base level index of 1980 was already recommended to the Government by a committee constituted at the very insistence of these "so called unions" themselves for this specific purpose very long ago !
This is an utter failure on the part of these unions representing the working class. Please click the following link for the details in vivid.
---------------------------------------------------------------------------------------
https://www.inflation.eu/inflation-rates/india/historic-inflation/cpi-inflation-india-1960.aspx
Inflation India 1960 (CPI) - The inflation chart and table below feature an overview of the Indian inflation in 1960: CPI India 1960. The inflation rate is based upon the consumer price index (CPI). The CPI inflation rates in the table are presented both on a monthly basis (compared to the month before) as well as on a yearly basis (compared to the same month the year before).
Using the tabs you can switch between the 1960 CPI inflation overview and the 1960 HICP inflation overview. In case you are interested in the long term development of the inflation in India (CPI), click here. For the current inflation in India (CPI), click here. Following link provides you with an overview of current inflation by country (CPI).
-----------------------------------------------------------------------------------
"TO BE ..OR ..NOT TO BE..." LET US NOT REPEAT YET ANOTHER HISTORICAL BLUNDER...
https://drive.google.com/file/d/1h0-0-uKTJaPwtZok85fkqp31O1tTvGhq/view?usp=sharing
We certainly need Trade Unions and not Trading Unions !
Before we blame the leadership, we have got to blame ourselves first.
Let us therefore think and act in unison.
With Greetings and Regards,
“|| यतो धर्मस्ततो जयः ||” IS THE ULTIMATE......
I remain - Yours,
దేవులపల్లి శ్రీనివాస మూర్తి /Devulapalli Srinivasa Murti.
OCT.21, 2019 ; VIJAYAWADA 521108 :998931830