27 Aug 15, 09:04 AM
JM Aboobucker: The odds against our case appear to outweigh the favourable points. 1. Bickering and infighting among the 3 litigants leading to different approach to the common issues of LIC Pensioners.
2. The much relied about LIC Board Resolution by the Litigants is only for 100% DA according to LIC.
4. Our Pension Scheme is a Defined Benefit Scheme which has to be viable by our own pension fund management. The DB pension scheme according to any countries of the world is unsustainable and become obsolete. Hence they are changing to the Contributory Pension Scheme now called in India as New Pension Scheme which is supposed to sustain on its own without State Subsidy.
5. The oft repeated Ripple Effect by GOI. Any favourable judgement will certainly create more headache to the MOF/GOI from the bank pensioners. Even if all these odds are surmounted to get a favourable Judgement, as Mr Christian has rightly pointed out, the biggest odd is the implementation by the GOI. Hence September may come and go but the woes of the pensioners will remain ever.
27 Aug 15, 09:10 AM
jn christian: @ ms rao sir and because of that monopoly syndrome of so called namo's gujarat model presently gujarat is facing patidar's agitation. IS IT NOT MISUSE OF PEOPLE'S (ELECTEROTE) TRUST.
@ JM Aboobucker: SIR, EVEN LICIANS MANAGE TO GET FAVOURABLE SETTLEMENT IN THEIR FAVOUR FROM JUDICIARY STILL THERE IS NO GUARANTEE THAT IT WILL BE IMPLEMENTED AND ENACTED BY POLICY MAKERS..
@ ALL WELL WISHERS THE ONLY THING THAT CAN BE SUMMED UP IS “ Invention is exhausted, Reason is fatigued, Experience has given its judgement but Obstinacy remains unconquered”.
27 Aug 15, 10:03 AM
M S Rao: September may come and go but the woes of the pensioners will remain ever & Onion prices will keep rising as long as rulers keep touring ignoring home country ! Now is time ripe for an ONION SATYAGRAHA who is going to be an ONION GANDHI!