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Thursday, February 04, 2016

To be or not to be upgraded is the question


4 Feb 16, 11:37 AM

JM Aboobucker: The sum and substance of the issue in our case according to the observation of Justice Misra is whether LIC by its Board Resolutions implement decisions or the approval of GOI is necessary.

Supposing the Court decides that the GOI approval is required for implementing LIC Board Resolutions, I am afraid the matter will not get resolved in SC but the issue will revert to the GOI for final decision. This situation will place us the poor pensioners again at the mercy of the Babu's of MOF who are known for their negative approach on the vexed question of 'to be or not to be upgraded'.