CA NO 7993/2023 LATE M C SINGLA CASE

[MOHAN P]

For Information.

The above case before SC has been now found listed to 28th Jan'26,as serial No 97,along with connected cases.

Fate of above  listing date  to be known only on that date!

[JSOMA SHEKARA]

I THINK THERE IS A PLAN TO SABOTAGE UPDATION CHANCES BY VESTED INTERESTS AND THEY ARE ALREADY ACTIVE

AIBRF SUBMITTED LETTER TO DFS FOR REVIEW OF EXGRATIA INSTEAD OF UPDATION

While increasing pension of RBI and Nabard pensioners DFS made following statement.

"In a series of measures taken for boosting the morale of the serving employees as well as to ensure the social security of pensioners in the financial sector, the Central Government has approved the wage revision for Public Sector General Insurance companies (PSGICs) and National Bank for Agriculture and Rural Development (NABARD). Additionally, it has approved pension revision for retirees of Reserve Bank of India (RBI) and NABARD.
The decision reflects the Government’s continued commitment and emphasis on social security and the financial well-being of pensioners, in recognition of their long and dedicated professional service."

DFS has clearly mentioned Pensioners of financial sector. Change of DFS stand towards pensioners is welcome. M C singla case is pending for final hearing and LIC pension case is also scheduled for final gearing on 04,02,2026. So will DFS which has clearly spelt its favorable stand towards financial sector pensioners in its official statement, will take adverse stand towards bank pensioners on court case?

So instead of taking advantage of DFS stand and pushing for  regular updation AIBRF now is asking for review of EX Gratia?

We are aware Ex gratia agreement is valid only upto 31.10.2027.

When things are getting favourable for updation what is the logic in demanding ex-gratia now which is expiring within a year?

Naturally DFS stand applies to Bank pensioners also. So who is afraid of this and inventing plan of review of Ex gratia in 2026 without arrears at this stage when it should have been done in April 2024?

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[Narayanan Venkateshwaran]

Bank pensioners are" listless"

C V Narayanan

[JSOMA SHEKARA]

It is reported that BMS has played a large role in getting pension revision for RBI pensioners,

BMS has close proximity with DFS and continuously putting efforts and succeeded in getting benefits that too from 01.11.2022.

BMS is also working hard to get updation for PSU bank retirees and in continuous touch with DFS in person apart from submitting representations. BMS only recently tried to forge unity among PSU bank retiree associations as per request of AIBPARC.

As such BMS invited AIBRF to join the united campaign for updation.

Immediately a big leader from UFBU called AIBRF for discussion,

Did they discuss Updation,  Merger of DA, Special allowance issue or subsidy from banks for Insurance premium? NO.

What they discussed is obvious and AIBRF did not respond to BMS offer.

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[Vvns Varaprasadrao]

Where is the demand from UFBU to IBA on pension updation ?

UFBU is more interested in 5 day Banking only.  Sincere efforts were not made by UFBU till this date.

AIBRF is interested in building record in submitting Memorandums and by sending several letters to UFBU/IBA.

Unless a file is moved from IBA to DFS we may not dream about pension updation. 

In the meanwhile Retiree organisations will be conducting several meetings and enjoying at the cost of members and their funds.

Regards.

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[RAMANI NV]

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[Sureshbhat M]

considering the case movement our case may come up during first week of March and if lucky by the last week of Feb.

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[Harish Midha]

Provided .............

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[JSOMA SHEKARA]

In RBI and Nabard, LIC there are only 3 players. Management, Seving Union and Pensioners. While management is cooperative towards pensioners, Serving employees and retirees are united and committed to the cause of updation,    As a result they are getting pension revision multiple times,

In PSU Banks there are 12 Bank managements, IBA, 9 militant unions and 2-3 retiree associations. Total 25 players. Result: Since 2000 except second pension agreement with heavy penalties these players achieved zero results.

1. 1616-1684 issue 2.  5 year grace period issues  were resolved through courts by individual pensioners efforts.  3. 100% DA issue was resolved by DFS as per Delhi High court order 4.,Pension to CRS was also resolved through courts 5. Due to continuous efforts of Sri Pathal pension to resignees issue was resolved

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UFBU meanwhile created one more anomaly of Special allowance.

Updation, Merger of DA, issues pending and not a single meeting was held during the last 20 years.to discuss and resolve the issues. There is no commitment and seriousness. Leader himself proclaims there are no funds without discussing issues. No coordination among UFBU and also between UFBU and retiree associations. When IBA is claiming sub judice because one updation case is pending in SC, AIBOA files another case to add fuel to the fire. UFBU asks lacklustre questions and iBA replies evasive answers like sub judice.Instead of focussing on one issue updation and pursue it seriously AIBRF daily writing letters on different issues.All stakeholders are going in different directions without any goal and purpose.

Since last three years no hearing was held in Singla case and listing is elusive. Pensioners are deemed information. iBA and UFBU will not communicate with retirees.

But Pensioners are ridiculed, taunted and called Mahapundits and professors for denading solutions.

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