HOPES FOR THE MORROW !

Excerpts from bulletin published by Reserve Bank  Retired Employees Association,Kochi on pension updation in Reserve Bank of India...

                     
Pension Updation

“… It is learnt from reliable sources that the Governor who is keen to find a solution to the issue had a meeting with the Hon. Finance Minister, Shri Chidambaram recently and convinced him that the additional expenditure on account of pension updation in RBI would not have an impact on its income and would be met out of the pension funds lying with the Bank. 

The Finance Minister, in turn, had a briefing with the Finance Secretary subsequently. In the light of this development, a positive letter from DG(C) has gone to the Finance Secretary. 

A three-member team from Central Office will be leaving for Delhi in the first week of April to meet the Finance Ministry officials to finalise the parameters.  Once the modalities are finalized after discussions with the Government officials, the entire process is likely to be completed by May 2013…”