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Wednesday, November 26, 2014

RBI Governor on black money stashed abroad

ANAND: Stating that nobody knows the exact amount of black money stashed away in overseas tax havens, RBI Governor Raghuram Rajan Tuesday said lower income tax rates will help curb generation of such illicit funds.

"We need to focus on how to stop this practice (of parking money outside the country). We need to bring down tax rates to incentivize the upper class," Rajan said when asked about his views on curbing black money being stashed in tax havens.

He was here to deliver the third Dr Verghese Kurien Memorial Lecture.
(the new indian express)

Tuesday, November 25, 2014

LETS LAUGH - NO DATE OF LISTING IN SIGHT.‏

YES DEAR EDITOR WE THE LIC PENSIONERS MUST LAUGH.
NOT TO SAY 'SAD' AS OUR CASE IS NOT BEING LISTED YET.
NOT TO LOSE HEART OR PATIENCE BUT TO BEAR THE MYSTERIOUS
& ABNORMAL DELAY IN DELIVERY OF JUSTICE AND JUST WAIT & LAUGH.

WITH BEST WISHES FOR GOOD HEALTH TO ALL.
H K AGGARWAL 




LET US LAUGH !







A mother-in-law decides to test her two sons-in-law for their good nature.

For this she goes for a walk.

Jashodaben, Modi's estranged wife



Unto each charmed life some rain must fall and what was a distant drizzle has become a somewhat insistent shower for prime minister Narendra Modi going by the developments on the marital front. Like a fuzzy picture becoming clearer and clearer in the photo lab, his wife Jashodaben, who has lived in obscurity all these years, has now become a real person to many of us. And the burden of the song which has put her in the limelight is her RTI application seeking the details of her security.


The lady who still seems to harbor hopes that she will be reunited with her famous husband speaks of how frightened she is with her security detail which apparently follows her in cars even as she takes the local transport. This is a case of suffering all the headaches of being the PM's wife without the privileges of the actual position. In fact, had it not been for the bloodhound like tendencies of the media, we may never really have known that Jashodaben existed.

In many ways, her apprehensions are right. Now that she has become a public figure so to speak, there is every chance that her life is in danger. In which event, she needs much more security than a few guards rattling around near her home. She is entitled to the highest level of security, the same as her husband. She should be housed in secure premises. It is entirely possible that she is trying to say just this when she objects to her security arrangements.

It may be far-fetched to fear assassination as happened with Indira Gandhi, but it is quite possible that someone looking for 15 minutes of fame could pose a threat to her. Now that she has made this a public issue, the government must act to move her to a more appropriate home. She herself seems ambivalent about what she wants. On the one hand, she says she would go like a shot if her husband were to summon her, on the other, she chafes at the security. You can have it both ways, dear lady. So the halfway house would be to accept a more secure accommodation and wait for that elusive call some day.

(The views expressed are personal.)

Lalita Panicker, the Hindustan Times.

Jashodaben's security

Reference booklet for Group Mediclaim scheme


One Rank One Pension Scheme

†1005. SHRI HUKUM SINGH:
PROF. SAUGATA ROY:
SHRI FEROZE VARUN GANDHI:
SHRI DILIPKUMAR MANSUKHLAL GANDHI:
ADV. JOICE GEORGE:
SHRI ABHIJIT MUKHERJEE:

Will the Minister of Defence be pleased to state:

(a) The present status of implementation Of One Rank One Pension
Scheme for the Armed Forces;
(b) The total budget allocated for the Purpose in the Budget 2013-14;
(c) The total number of Defence
Personnel likely to be benefited under the scheme

Loksabha Question to be answered on 28th November 2014.

(Voice of Force)

Monday, November 24, 2014

Supreme Court ruling on e-records is a timely reminder for banks

Banks will ignore at their own peril a Supreme Court ruling that electronic records without proper safeguards are non-admissible as evidence.

Computer outputs (printed on paper, stored, recorded or copied in optical or magnetic media produced by a computer) are “secondary”, the court said. These are susceptible to tampering, alteration, transposition and excision and a whole trial based on them could lead to a travesty of justice, it observed in a concurrent order on Civil Case No 4226 of 2012. Failings in the banking sector on this count are best reflected in the CAG findings pertaining to the farm loan waiver scheme of 2008.

Of the 9,334 cases taken for scrutiny, 2,824 records were found to have been tampered with, overwritten or altered.

Audit trails
Responding to an RTI query, the RBI told S Dheenadhayalan, an activist, that it had advised banks to identify key risks that threaten computerised banking operations.

Banks must develop or design adequate internal control policies and procedures to mitigate risks, the RBI had said in a circular way back in February 1998. All transactions must be entered and accepted “once and only once, data accurately entered, standing data changes authorised and accurately entered.”

Sufficient audit trails, it said, must be maintained and placed with security procedures so that they cannot be altered.

But not many banks, including those in the public sector, seem to have gone the distance to ensure compliance. For instance, Indian Bank, according to Dheenadhayalan, admitted under the RTI that at least one of its branches was in possession of a standalone computer. In March 2010, the bank told Deepak Flexo Packs of Virudunagar, Tamil Nadu, that it had revised the waiver claim on its account from Rs 32.53 lakh to Rs 5.84 lakh.

Related data on how it arrived at the figure could not be retrieved since the system had crashed, he said. Pressed further, the bank merely said it was an isolated incident because it had occurred in a standalone computer.

As for policy of providing standalone computers at branches, there existed none. In some cases, standalones were provided for training staff. Some banks use them for routine administrative work which need not be connected to or fall under electronic data processing (EDP).

Standalone does not imply parallel tracking of factual reports. These computers could be used to generate convenient statement of claims, according to Dheenadhayalan.

In another case, Punjab National Bank made an inadvertent error in notifying claims while invoking the Sarfaesi Act on Raju Industries, Bangalore. A corrigendum issued by the bank in June 2010, said the figure of Rs 33.92 lakh quoted in the possession notice was a mistake, and it must be read as Rs. 12.60 lakh.

Vigilance Commission alert
The Central Vigilance Commission (CVC) was forced to take note of frauds perpetrated on banks using passwords of other employees.

The CVC observed in a circular dated November 30, 2010, that bank employees in certain cases were not maintaining secrecy of their passwords.

“Instances are still coming to our notice where frauds of large amount have been committed by misusing the passwords of employees,” it noted. It should be ensured that all employees maintain secrecy of their passwords and keep changing them as frequently as possible, the circular said, adding that banks may evolve systems and procedures to ensure the same.

Instances of casual approach by any password holder should be dealt with ruthlessly by the bank concerned as the same may put huge amounts of funds at risk, the CVC noted.

Chief Vigilance Officers, it said, may take suitable action and regularly monitor the secrecy of passwords and apprise the Commission of action taken. They should report compliance in the matter by including this aspect in monthly reports being submitted to the Commission.
COLLECTIONS :BANKING NEWS, AIBEA
R.B.KISHORE

Information officers fined.



MEERUT: State Information Commissioner (SIC) Rajkeshvar Singh, on a visit to Meerut onSaturday, instructed the district magistrate to penalise 55 information officers from different departments with a penalty of Rs 25,000 each. The SIC was in the city to address a meeting of officials on the Right to Information (RTI) Act 2005.

On getting to know that there were as many as 832 RTI applications pending in Meerut, the official said those responsible for the large pendency - and Meerut has the dubious distinction of being the district with the largest pendency of RTI applications in the state - should be penalised. Chaudhary Charan Singh University accounts for 116 of the pending RTI applications.
(Times of India)

Refixation to pensioners in MC Jain case

Dear Sir,

To be fair and impartial I appreciate the Federation for having brought a booklet on "Group mediclaim scheme for LIC pensioners".

  • I may also have to appreciate their passing a resolution in their Executive meeting dated 10th November which reads: ' Refixation of pension for those who have retired between 1-8-1992 and 1-4-1993 following dismissal of LIC SLP NO 8090/2014 by the Supreme court in what is known as M C Jain case '. 

This class of pensioners among whom many have died are few in numbers got lost in the current focus on DA neutralization and pension up gradation, not getting the required sympathy although many of them would have reached 80 in age.

Will the resolution in their favour create an impact with the management ? Can the trade unions/associations think of any other means to get the court verdict implemented.

R.K.Viswanathan

Supreme Court case

FRIENDS

WE DO NOT KNOW WHEN THE ORDEAL OF DATE AFTER DATE WILL END.

AS PER SUPREME COURT CAUSE LIST OF 25TH NOV,2014, OUR CASE IS SHOWN AS  SR. NO.58  THOUGH  IT IS THE FIRST  CASE WITH TWO MORE CAs  IN COURT NO. 5 OF 
HON'BLE MR. JUSTICE DIPAK MISRA 
HON'BLE MR. JUSTICE UDAY UMESH LALIT. 

HOWEVER  CHAMBER LIST FOR 25.11.14 DOES NOT SHOW OUR CASE IN ANY COURT. NOR THE STATUS REPORT SHOW NEXT DATE OF HEARING. SO WE HAVE TO WAIT FOR THE NEXT DATE OF HEARING  BY TOMORROW EVENING WHEN  CAUSE LIST/CASE STATUS REPORT MAY  SHOW NEXT DATE OF LISTING OF OUR  CASE.

REGARDS

HK AGGARWAL

Sunday, November 23, 2014

Video for you.

video

On CH Mahadevan's comments

The observations of respected Shri C.H. Mahadevan over the resolutions passed in the EC Meeting of Cl. I Fed. are as usual incisive and analytic.

Dattatraya B Deshpande,

Fine and simple imprisonment for court contempt

Dear Sir,
Two police officers including a DSP were held guilty of contempt of court for disobeying the court order in providing protection to an elderly woman whose land was sought to be illegally grabbed. The Madras HC bench has slapped  fine of RS 750 and to undergo simple imprisonment for two days which the contemnors will undergo without much ado knowing well the facilities provided in the modern jail and they could as well spend the days in calmness and
also have the much needed rest a blessing in disguise. Months ago a learned judge sitting in the Bench remarked " Who is now bothered about the contempt of the court order "
The legal system needs to be revamped, overhauled nuts and bolts and the contempt of the court order viewed seriously as otherwise contempt of the court would remain as a mere mockery with simple imprisonment for few days and a paltry sum as fine.
R.K.Viswanathan

CH Mahadevan's comments on Fed resolution on pension

Dear Sir
Your comment on the resolution of the federation is very very apt and you have hit the nail
on its head by dissecting the same and revealing its hollowness point blank.
Thanking u once again
with regards
Lakshmi Narayana

Resolution on Existence Certificate

I find the posts in your Chronicle in the above matter did not contain one resolution, moved by Kolkata unit, on the issue of "EXISTENCE CERTIFICATE". The resolution demands the present system of furnishing the existence certificate be replaced by Self Certification and/or Digital certification. The resolution was adopted by EC unanimously.

Subir Kumar Mazumder

Saturday, November 22, 2014

Likely Interest Rate cuts - Impact on Retirees


There are strong indications that in coming months RBI may announce series of rate cuts in REPO and Reverse Repo rates to accelerate industrial and economic growth which will affect rate of interest on deposits and advances. As per the opinion being expressed by experts, the rate cut could be in the region of 100 to 150 basis points. It is certainly not a good news for the saver class to which we all retirees belong. Most of the retirees are net savers. The expected rate cut on deposits may reduce interest income of savers from 15 to 20 percent affecting purchasing power of this group adversely as we do not anticipate corresponding reduction in price level of commodity/ service common men are required to buy, in particular of services like doctor fees, electricity bills, telephone bills, travelling expenses etc.

2. In view of this likely scenario, we request our affiliates to advise our members to plan their investments on long term basis right now to insulate them from the forthcoming rate cuts. For example, the retiree may consider to go for 10 years term deposits at present rate to ensure stable higher rate of interest income for the given period. Such investment will neither affect the liquidity as well as advantage of higher rate of interest if such situation arises as the term deposits has unique feature of pre mature payment in favour of the depositors.

3. This circular is being issued in proactive manner to educate our members to do effective financial planning at the right time.

( S.C. JAIN )
GENERAL SECRETARY
ALL INDIA BANK RETIREES' FEDERATION, INDORE

RESOLUTION SANS SOLUTION!‏


RESOLUTIONS ADOPTED BY THE FEDERATION OF RETIRED CLASSI OFFICERS’ 
ASSOCIATIONS ON 10/11/2014

The Resolution No 3 adopted by the Federation in all the collective 
wisdom of the EC members reiterating the commitment to secure 
periodical increase in pensions in line with every wage revision is 
indeed laudable, only it has arrived a bit too late in the day.
The decision to formulate a ‘demand on sound basis at the appropriate 
time’ seems meaningless at this late juncture. If the Federation 
chooses to wait with its fingers crossed for the Supreme Court 
verdict on the Civil Appeals esp. one arising out of 654/2007, there 
are two possible alternate outcomes:
1. The Supreme Court dismisses the Civil Appeals of LIC.In that 
event there will be no need for the Federation to formulate any 
‘demand’.
2. If the Supreme Court, God forbid, delivers a verdict allowing 
LIC’s Appeals, formulation of any ‘demand’ by the Federation will be 
a futile and meaningless exercise.
If the Federation had really any serious commitment in this regard, 
the formulated demands should have been in place long ago and also 
been reflected in the Writ Petition filed in Delhi High Court 
through an enlargement of the prayer for point-to-point upgradation 
of pension for all eligible pensioners, not merely for removal of DR 
anomaly and 100% DR neutralisation for pre-August 1997 retirees. 
THUS THE RESOLUTION, IN MY VIEW, PROVIDES NO SOLUTION!



With greetings,
C H Mahadevan

Resolutions adopted by Fedn of Retd Class I Officers assons

Dear Editor,

Thank you for publishing the Resolutions. I was amused to go through the 3rd, under the heading 'Periodical Pension Increase'. 

To me, the Resolution means as follows:

1.The EC also wants periodical pension increase. 
2. But it has no plans at the moment, how to secure it. 
3. LIC's CA against the Delhi Judgement in its favor, is irrelevant as far as Periodical Pension Increase is concerned. 
4. Some people (the other Petitioners) think that the pending Appeals before Supreme Court will give them the moon. 
5. We (EC) don't think so. So we wait till we are proved right and all others are proved wrong. 
6. Naturally we have nothing else to do till that happens. 
7. We then form a committee to study the situation and decide our strategy. 

My prediction: This committee will never take birth, as it will have no task to perform in the  matter of Pension to LIC retirees. 

Sreenivasa Murty Mulukutla

MEMORANDUM TO SRI ARUN JAITLEY‏

Sri Arun Jaitley,
Hon.Finance Minister,
Government of India,New Delhi

Most Revered Sir,

Reg: Pension Matters of Retired LIC Employees.

I admire your Government’s gracious decision to honour the verdict of Supreme Court of India in respect of One Rank One Pension for Defence Personnel. It is ironical that LIC of India, did not care to implement the verdict dated 12-01-2010 of Hon. Justice Sri MN.Bhandari of Rajasthan High Court in respect of.

1) 100% Neutralisation of Dearness Allowance on pension of Pre-August 1997 retirees of LIC and

2) Upgradation of pension in accordance with wage revisions of employees effected in 1992, 1997, 2002 and 2007.

The special appeal of LIC on this Judgement was dismissed by the division bench of Rajasthan High Court on 21st January 2011. The review petitions filed by LIC on this were also dismissed on 19-08-2011 by the Rajasthan High Court.

The Punjab, Haryana High Court, Chandigarh High Court and Delhi High Court delivered identical judgements and directed LIC to implement the judgement of Sri MN.Bhandari to all pensioners and pay amounts of arrears with 12% interest.

Supreme Court dismissed the two special leave petitions of LIC on 8-08-2013 and ruled that there shall be no stay on the operation of the judgement of Sri MN.Bhandari. Three Special Leave petitions on the verdicts of the above High Court Verdicts are pending before Supreme Court converted as civil appeals.

'MENTION' effect declines !
LIC has been indulging in petty fogging and has been prolonging the litigation with the malicious intention of avoiding its liability. The liability on account of honouring the judgements will be nominal as enunciated in memorandums given to you by our All India Retired Insurance Employees Federation as also its units.

During the period of this tortuous litigation 37% of Pensioners passed away. Most of the remaining pensioners are in late 70’s and wrong side of 80’s .Who continues to live defying death, shadowing to devour them any moment. They suffer disabling ailments, unable to mutter their plight not audible to by standers.

I therefore pray you to give proper directions to LIC authorities to implement the verdicts of courts immediately. We hopefully wait for your gracious and compassionate decision.

With Regards,
Yours faithfully,
KKD.Hanumantha Rao,
President,

Retired Life Insurance Employees Association, Machilipatnam Division.

CREDIT CARD IN THE NAME PF RBI; RBI CAUTIONS AGAIN


The Reserve Bank of India today issued one more alert to the public about the newest form of fraud perpetrated in its name - a credit card issued by fraudsters in the name of the Reserve Bank. Explaining the modus operandi, the Reserve Bank stated that the gullible member of the public is sent a credit card which allows withdrawal of money up to a certain limit, albeit a small sum, from a bank account. Having gained the confidence of the victim thus, the fraudster gets him to deposit a huge sum of money in the same bank account. Once the money is deposited, the card stops working and that would also be the last time the holder of the card (victim) would hear from the fraudster.

Warning against such efforts, the Reserve Bank has reiterated that as India’s central bank, it does not carry out any business with an individual, whether through savings bank account, current bank account, credit card, debit card, online banking services or receiving and holding funds in foreign exchange or any other form of banking services. The Reserve Bank has listed out the other kind of prevalent frauds, such as:


  • Fictitious offers of large sum of money/lottery winnings by email or through phone calls by posing as RBI official.
  • Fake Reserve Bank website for online transactions
  • Luring members of public to secure their bank accounts against such frauds by asking them to share the bank account details, including user id/password, through an email or by clicking on a link given in email.
  • Offer of employment in the Reserve Bank through email

The Reserve Bank has also stated that fictitious offers are also made in the name of other public institutions, such as, International Monetary Fund (IMF), Income Tax authorities, Customs authorities or public figures like Governor, Dr. Raghuram Rajan or other senior RBI officials. 

The Reserve Bank has pointed out that once the moneys are paid in fraudsters’ accounts, there are remote chances of the members of public recovering the moneys.

The Reserve Bank has once again cautioned members of public that falling prey to such offers can result in compromising one’s own crucial personal information that may be misused to cause direct financial and other loss to them. They, in their own interest, should refrain from responding to such offers in any manner. Rather, they should immediately lodge a complaint with Cyber Crime branch of the Police, the contact details of which are available in the Reserve Bank’s press release issued earlier (Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad).

Alpana Killawala
Principal Chief General Manager
(RK sahni)

RESOLUTIONS ADOPTED BY FEDN OF RETD CL.I OFFICERS


Our case in the Supreme Court

In the last couple of days four of our pensioners left for their heavenly abode from Bangalore, perhaps they would be watching from above what happens regarding DA & Pension updation. Two of them were very seniors and one of them a retired BM was telling me a week ago that we will definitely get the benefit this week but alas...

Mr M. Sreenivasa Murthy expressed that the action plan shall take place before 27th and reassured to-day that he will start his efforts in right earnest. I appreciate that he is only leader who has come out anguished and wants do some thing to get over the unexpected turn of events.

The hearing was fixed 12th after mentioning option was explored in the last week of September but then we if we have to wait and look out for hearing week after week is indeed a horrible situation, a result of morbid system.

I wish all the best and pray success to Mr.Murthy's efforts.

T SAMPATH IYENGAR
BANGALORE

Friday, November 21, 2014

Our cases in Supreme Court





The Weekly Advance Cause list for 24th to 27th Nov is in the SC website. We continue to languish at SL No 58. Suggests we may not be on Board on 26th & 27th. 

Some thing has to be done to pull ourselves out of this unenviable situation. I believe something can be done. Will start my efforts in right earnest. 

Sreenivasa Murty Mulukutla

       PENDING PENSION CASES AND OUR LEGAL SYSTEM


YESTERDAY I CAME TO KNOW FROM THE NOTE OF MR. C. H. MAHADEVAN THAT TWO PENSIONERS FROM BENGALURU WHO WERE IN THEIR EIGHTIES LEFT THIS WORLD WITHOUT GETTING THEIR LEGITIMATE INCREASED PENSIONARY BENEFITS.   AGAIN TODAY I LEARN THAT ANOTHER  PENSIONER MR. G.D. KOHLI FROM PATIALA HAS GONE IN THE SAME WAY.
  • WHOME SHOULD WE BLAME:
  • THE L.I.C. WHO DECIDED IN THEIR OWN BOARD MEETING BY A  RESOLUTION ON 24.11.2001 TO GIVE WEIGHTAGE OF 11.25% IN THE BASIC PENSION AND ALLOW FULL NEUTRALISATION OF DEARNESS RELIEF AND THEN WITHOLD THEIR OWN DECISION FOR IMPLEMENTATION.
  • OR THE GOVERNMENT OF INDIA IS TO BE BLAMED FOR SITTING ON THIS BOARD RESOLUTION AND NOT GIVING CLEARANCE AND ALLOW THE POOR OLD PENSIONERS TO SUFFER.
  • OR THE LEGAL SYSTEM WHICH HAS TAKEN SUCH A LONG TIME TO COME OUT WITH  CLEAR DECISION AND DIRECTIONS TO  LIC/GOI TO IMPLEMENT THE DECISION AND GIVE THE PENSIONARY BENEFITS TO THE VERY SENIOR CITIZENS OF THE COUNTRY.

IT IS SAID THAT IF A PERSON FILES A CIVIL SUIT IN A COURT, THE BENEFITS OF HIS SUIT WILL BE TAKEN BY HIS GRAND CHILDREN. THE LEGAL SYSTEM IS SUCH THAT YOU CAN TAKE AS MANY ADJOURNMENTS AS YOU PLEASE AND PROLONG THE CASE FOR YEARS AND THE COURTS WILL ALSO TAKE THEIR OWN TIME.

MR. K.M.L. ASTHANA HAD FILED HIS PETITION FOR FULL NEUTRALISATION OF DEARNESS RELIEF IN 1998. AGAIN HE FILED ANOTHER PETITION FOR REVISION OF BASIC PENSION WITH EVERY INCREASE IN WAGES TO IN-SERVICE EMPLOYEES  IN 2007. THE JAIPUR BENCH OF RAJASTHAN HIGH COURT (SINGLE JUDGE) GAVE ITS HISTORIC JUDGMENT ON 12.01.2010.

THE APPEALS OF L.I.C. AGAINST THE JUDGMENT WERE DISMISSED BY THE HIGH COURTS  AT ALL STAGES. AGAIN THE PUNJAB AND HARYANA HIGH COURT AND DELHI HIGH COURT ALSO GAVE SIMILAR JUDGMENTS LONG BACK. BUT L.I.C. HAS NOT HONOURED THE JUDGMENTS AND PREFERRED TO GO TO THE SUPREME COURT IN APPEAL.

NOW THE CASE IS PENDING BEFORE THE SUPREME COURT SINCE 2011. MORE THAN THREE YEARS HAVE PASSED  BUT NOTHING HAS HAPPENED. THE POOR AGED PENSIONERS ARE RUNNING FROM JAIPUR TO NEW DELHI, FROM BENGALURU  TO NEW DELHI, FROM CHENNAI TO NEW DELHI AND FROM CHANDIGARH TO NEW DELHI.  HOW LONG THIS WILL CONTINUE?

LET US WAIT FOR OUR TURN TO COME IN THE SUPREME COURT  AND WISH A FAVOURABLE DECISION COMES. BUT WHO KNOWS – THE L.I.C. MAY LIKE TO GO FOR REVIEW OR ANOTHER APPEAL TO  A HIGHER BENCH.

LET US WISH THE ALMIGHTY BESTOWS BETTER SENSE TO THOSE WHO ARE WITHHOLDING THE   BENEFITS TO THE PENSIONERS AND THEIR CASES AT ANY LEVEL.

IS IT THAT THE FINAL DECISION WILL HELP ONLY THE OLD PENSIONERS. NO—THE BENEFIT WILL GO TO THE NEXT GENERATION OF PENSIONERS ALSO. IT WILL GO EVEN TO THOSE WHO ARE  WITHHOLDING OUR CASES TODAY BEING OCCUPANTS OF HIGH POSTS. THEY FORGET THAT ONE DAY THEY HAVE ALSO TO RETIRE AND MAY FACE THE SAME FATE.

OUR  NEW PRIME MINISTER HAS BEEN ADVOCATING FOR IMPROVEMENT OF OUR SYSTEMS. LET US THINK OF WRITING TO HIM.  LET THE ASSOCIATIONS THINK OF WRITING LETTERS TO THE PRIME MINISTER DRAWING HIS ATTENTION TO THE FATE OF L.I.C. PENSIONERS AND REQUEST HIM TO INTERVENE.


amazing handiwork !

video

KS Raman

The devil is playing havoc, since my mind has nothing to concentrate upon. So random thoughts, some of which have arisen over the last fifty years when I spent my life in the organization, I mean LIC, occupies the mind mostly. How I wish someone like Dr.Raghuram Rajan should have headed this milching cow of GOI. In the earlier days I recall Some bureaucrats like BHIDE, PANDE, KAUL  occupied the top post to make LIC an extended dept of the Govt. Then came persons from the Corporation itself but were found, with the exception of Shri J.R. Joshi, to continue dancing to the tunes of the finance  ministry and thereby bringing in no radical change but bent backwards to the whims and fancies of the Govt. T.A.Pai was extremely a different person, having political ambitions and played some populist cards.

Came the direct recruits.The best  green graduates of course went to occupy the bureaucracy. Better ones came to public undertakings including LIC.. The freshers were supposed to bring in (in theory) newer ideas,new outlook and dynamism. Without an iota of doubt they were mostly brilliant and enthusiastic personnel, but (with due apologies and mean no disrespect to the clan) the ones who joined LIC fell into the eddy of plus and minuses and continued the traditional old methodology .  For years I have attended the Branch managers Conferences and the same routine question “how much increase u will show to the corresponding period”. The only change I noticed was in the ‘menu’.So jokingly we used to ask  what is the menu instead of agenda.

Came Ishwar Dayal and the nomenclatures replaced the old ones, but the contents remained the same. Sycophants were happy to continue their usual chore of carrying tales, backbiting etc. To them  both the promotees and freshmen were the same.
The chief executives found that they could earn more by the TA and DA flying to New Delhi and wait on the Babus. The more Wait the more DA.

Suddenly now I find me walking towards the western horizon which has turned bloody Red, which in turn will make way for the darkness. It will be a long wait for the dawn if any. Of course for us the pensioners waiting is not new. Afterall we have waited for almost two decades. Many of us  have left with a non fulfilled desire and many more will go.

It is natural that the lady with her eyes blinded cannot look at the judicial system that has thrust upon us. But I feel she can at least hear what’s going on and delver and help in delivering justice, which has already been delayed thereby denying the true aspirations of the senior citizen.

Thank you devil, u can leave me now > my mind has recalled some nostalgic moments.

Present position of our case at SC

Amen!





TILL TODAY (20-11-2014) EVENING  THERE IS NO LISTING OF OUR CASE. IT IS STILL PENDING. CORRECT POSITION WILL BE KNOWN ONLY BY 25TH EVENING WHEN CHAMBERS CAUSE LIST OF NEXT DAY IS PREPARED BY THE REGISTRAR  OF SUPREME COURT. 
ALL OF US ARE EAGERLY LOOKING TOWARDS THE SUPREME COURT AS TO WHEN WE WILL GET JUSTICE.

Thursday, November 20, 2014

Video for you: tricksters world !

video
(We gratefully acknowledge technical help we received from RK Sahni in uploading the video. -Ed.)

SN's fury

Shri SN’s fury against the judiciary is understandable. 
All the tall talk about the National litigation policy wherein 
the Government is committed to be a responsible 
litigant to protect the fundamental rights of its citizen 
and it will not unnecessarily litigate for the sake of litigating 
and eschew the philosophy “ Let the court decide “ appear to 
be hog wash.These kind of sermon we had enough and the 
latest being “ More governance less government “This 
could be another hocus pocus as otherwise a spate of 
memorandum submitted to the Finance ministry gone 
into the cold storage as it appears to be.

The learned Judges who were ear marked to sit in the Bench on 12 NOV to hear and dispose the tied CAs very well knew that these were the cases languishing for more than a decade and that too concerning many senior citizens battling with ageing blues and already in the sun set of their life and anxiously looking forward to an earlier settlement of their legitimate rights in their life time. Among them several left this world and the rest living counting their days. All these have not moved the court to take up the case on a priority basis. Too many cases to handle with disproportionate number of courts in existence and not enough judges to hear the pending cases were the reasons cited for the delay in the disposal of the cases. Aware of this the Government has not taken any steps to remedy the situation. On the contrary they have established family courts and Lok Adalad to expedite family dispute and divorce cases. Similarly the Government could have also established Fast track courts to handle Senior citizens cases and fixing a definite time frame to dispense judgment although the concept has been in the air but nothing so far has happened. An ounce of practice is worth a ton of preaching. Let there be real less government and more governance at least in the case of senior citizens whose problems either inside the court or outside of it needs to be addressed immediately. Will the Government do it ?

R.K.Viswanathan 

mumbai train travel

video

Our cases in the Supreme Court

Dear Editor,

As feared and expected, our cases do not find a place in the Twenty final hearing matters listed in the Daily List for 20th Nov before Justice Deepak Misra's Bench.
  • The next date to watch the status is Friday (evening) Nov 21, for the Advance Weekly List for the following week. If the Sl No in it is much better than last week's 58, there is some hope for 26th/27th (Wednesday/Thursday) for our being within 20. 
Some sincere efforts are on to handle and get over the unexpected turn of events. The action plan hopefully should take shape before 27 Nov.
--
Thanks and regards,
M. Sreenivasa Murty

Wednesday, November 19, 2014

India Post prefers ‘full-fledged bank licence’
BEENA PARMAR  MUMBAI

Government-owned India Post official on Thursday expressed its desire to become a universal bank, at a time when RBI has suggested it to apply for a payments bank.
“The RBI needs to see whether it wants to give a full service bank or a payments bank licence. The Department wants a full-fledged bank,” said Pradipta Kumar Bisoi, Chief Postmaster General, Department of Post.
The RBI said it is due to release final guidelines on payment and small banks by this month end. India Post (also known as Department of Post) is one of the front runners in applying for the licence.
Speaking on the sidelines of an event, Bisoi said, “We are already doing (what) a payment bank (does)…So, we don’t know the difference between what the department is doing right now and what the payment bank is.
According to him, a high-powered committee has been formed three months back including former cabinet secretary TR Subramaniyam and Mohandas Pai among others to give recommendations by the end of this month. Hence, the application of the licence will depend on the committee and the Government.
Bisoi also told reporters that the Department has stopped the deployment of ATMs, which it had started earlier this year, due to some technical issues.
To become a universal bank, Bisoi said the Department will have to do some work around upgradation in terms of technology and employees. “It is for the government to decide what and when to apply,” he added.
In its attempt to become a bank, the government entity is also growing its electronic money order and mobile money transfer from the physical one, post office saving deposits, postal life insurance, offering services to book railways tickets and tying up with e-commerce firms among other services to “make post offices a one-stop solution”.
Recently, Communication and IT Minister Ravi Shankar Prasad had said India Post, with the world's largest postal network and its unparalleled rural reach, was best suited to offer delivery services to e-commerce firms.
The government is investing Rs. 5,000 crore for the IT modernisation of India Post. “We have about 800 offices across the country already under core banking services and 25,000 of the total 155,000 will come under core-banking and the rest will be linked by the end of next year,” Bisoi said.
We are also looking at giving hand-held devices to over 150,000 post offices in the rural areas,” he added.
Currently, India Post has a total deposit base of about 6 lakh crores.

(R.B.KISHORE)

Is there God in the Heaven?

How many days or weeks the hapless pensioners to keep hoping to get the updated increased
pension?

Is there no system or no one answerable why a case posted on a day does not come up for
hearing? Why the Courts do not have proper time frame? Why list out dozens of cases for a
day when hardly a few cases are called up?

Why raise the expectations of beleaguered pensioners of their case coming up for hearing on an anticipated date? When it is said to be a date for final hearing, why is not taken up the same day or very next day?

How many more pensioners do the GOI, MOF, the LIC Management or the courts expect or want to die before delivery of the final justice?

Why the courts do not immediately fix the next date of hearing when the case could
not be heard for some genuine or unavoidable reasons on the allotted date? Why a provision of
'mentioning ' if the same cannot be maintained.

Is there God in the Heaven? Will the justice, the final justice in favour of pensioners be delivered?

When will be the end to the agonising wait to get the verdict of the Supreme Court of India?

SN ( a 1992 pensioner )

SC civil appeals

FRIENDS

AS PER THE SUPREME COURT CAUSE LIST AND CASE 
 STATUS REPORT, THE ABOVE CASE DOES NOT APPEAR 
IN THE LIST OF 19TH OR 20TH NOV. 2014. 

WITH BEST WISHES AND REGARDS

H.K. AGGARWAL

Tuesday, November 18, 2014

Our cases before the Supreme Court

Dear Editor,

The Final Daily Cause List for 19th Nov 2014 is uploaded on the SC Website a while ago. The Bench sits up to 1.00 PM only and we are not on Board tomorrow.

As regards 20th Nov, the chances are bleak going by the Advance Weekly List released on Friday the 14th where our matters were at Sl No 58.  But the correct status for 20th Nov will be officially known only tomorrow evening Viz., Wednesday the 19th Nov.   
Thanks and regards, 
M. Sreenivasa Murty

RACE BETWEEN SURVIVAL AND DEATH‏

Yesterday when a retired friend was talking to me over the 
phone,he gave the shocking news that two LIC pensioners aged more 
than 80 yrs passed away in Bangalore. My friend recalled how one of 
them used to frequently and expectantly enquire whether any pension 
upgradation is coming soon whenever he was meeting him.
What a pity that instead of the benefits of justice arriving, the Lord 
of Death had stolen a march.
Such a development needs to be brought to the poignant notice of the 
Supreme Court at every available opportunity by our counsel for 

stressing the urgency for delivery of justice.

C H Mahadevan

CA 8959 - 62/2013‏ - LIC VS KM ASTHANA & ORS

FRIENDS 

AS PER THE SUPREME COURT CAUSE LIST AND CASE STATUS REPORT, 
THE ABOVE CASE DOES NOT APPEAR IN THE LIST OF 19TH OR 20TH NOV. 2014. 

WITH BEST WISHES AND REGARDS
H.K. AGGARWAL

Monday, November 17, 2014







WORDS AND FIGURES NOT MATCHING.
IS THERE ANY WAY OF MAKING WORDS (IN LIC PENSION RULES 1995) 

MATCHING THE FIGURES (OF APPROPRIATE UPGRADED PENSION)?
MAY BE SUPREME COURT MAY ONLY MAKE IT HAPPEN!


Greetings.
C H Mahadevan

40 men security to Baba Ramdev


NEW DELHI: Controversial yoga guru Baba Ramdev has been provided with a Z-category security by the central government taking into account his "vulnerability to attacks from his opponents".

The decision has been taken by the home ministry after receiving inputs from security agencies and increased perception of threat to Ramdev, official sources said.

So far, Ramdev was entitled to Z-category security only within the jurisdiction of Uttarakhand as per

a decision of the state government.

Close to saffron forces, Ramdev, founder of Haridwar-based Patanjali Yogpeeth, had met Prime Minister Narendra Modi earlier this month.

The sources said Ramdev will be given commandos of one of the paramilitary forces with immediate effect. As many as 40 security personnel will be guarding him round-the-clock.

Ramdev has been vocal for several years demanding action to bring back black money stashed abroad and punishment to those found guilty.

As part of his anti-corruption movement, he had held a public rally for a few days at Ramlila Maidan here in 2011. Following a police crackdown, he fled the site donning woman's attire.

(the times of india)

" Words and figure do not match "




Dear Editor,
It was five in the evening, the bank is almost closed.
All of a sudden the BM received a phone call from a lady.
In a sweet voice she said: Sir I urgently need RS 50000.
Her voice was so sweet and captivating the BM could not say No.
He instructed the cashier to keep the cash ready and
with reluctance he obeyed his boss.
After a while a dark complexioned lady with the ugliest face came to the bank to present the cheque.The BM was disappointed as he was expecting a cute lady. He told the lady that they had already closed the cash for the day and asked her to come next day. The cashier was so furious and asked the BM if his intention was not to pay why he was made to sit late.
BM : It is the universal rule of the banking that.....
if words and figure differ payment will be declined.

Regards
R.K.Viswanathan
When we worked on this cartoon,
pleasantly realised how an idea could
be conveyed in fewer words thru
the medium of cartoon!