Dear Editor,
Hon'ble Supreme Court said on 7 May 2015, "Pay 20% of the amount due under the HC Judgement". That the interim Order could have been less complicated is a different matter.
Some action now visible is that Sri GN Sridharan's Federation was asked by the benevolent LIC to furnish a list of its members. Some raised a myriad (relevant) questions through the Chronicle, because one does not know the format of the questionnaire given. On this reported action of LIC I have my own serious concerns.
Is this move of LIC a 'Divide & Rule' attempt or a big trap for the Federation itself? Or may be both?
It is possible that LIC wants to use this as a clever attempt to deny the up-gradation which is the quintessential part of the ongoing epic battle for fair pension to its Pensioners. Limiting its liability to DR anomaly removal for pre-97 Retirees only by securing certain legitimacy to the move at least in the interim? And there is the ever-willing GNS & Co to go the extra mile to facilitate LIC and the Govt to do what they want to do.
It is a little too early to predict the likely outcome of these sinister attempts and the cost of any brazen collusion by any party. But if GNS allows himself and his Federation to fall in this trap, whether he gets correct 20% to some of his members or not is uncertain but it is certain his Federation will be left with 20% of his one-time membership.
Other stakeholders are not only watching but will act too.
Thanks and regards,