LIC has picked only the 0.23% from para 3A but conveniently bypassed the SC direction of proper application of para 3A for pre-Aug 1997 retirees.
In a blatant and unscrupulous move, LIC has chosen not to recognize the fact that in the application of para 3A for pre-August 1997 retirees for payment of 40% IR has to necessarily involve pension revision on par with that for post-Aug1997 retirees.
CH MAHADEVAN