INFORMATION RECEIVED BY INVOKING RTI ACT 2005

•  Percentage increase in wages on 1/8/2002 & 1/8/2007‏

In response to my application to the CPIO,LIC and my subsequent appeal to the Appellate Authority, I have obtained the following information vide the letter dt 20/2/2014 from Secretary (RTI), CO,LIC:-

".... In this regard appellant is informed that the term weightage of 11.25% in the Board Resolution dated 24.11.2001 was referred to by then Chairman with reference of Dr.S.Ram Khanna, the then Board Member. As was earlier informed by the CPIO, the said percentage does not exactly reflect the percentage of wage rise to existing employees as on 1.8.1997 and hence, the corresponding percentage of wage rise adopted as on 1.8.2002 and 1.8.2007 cannot be provided. However, the percentage increase over the wage Bill allowed to the in-service employees as on 1.8.2002 and 1.8.2007 was 13.30% and 17.50% respectively."

With greetings, 

C H Mahadevan