FIVE LAC CRORES REVENUE FOREGONE ANNUALLY

Revenue foregone on Excise/Customs,Direct Taxes and Indirect Taxes by the Central Gov't every year is about Rs5Lac Crores and for the last 9 years, more than Rs30LacCrores lost

Subsidies Vs Revenues Forgone

The Revenue Foregone in Excise/Customs, Direct/Indirect Taxes exceeds Rs5Lac Crore every year. OROP requires Rs8000Cr and Updation of Bank Pensioners Rs1200Cr annually! Gov't after Gov't is so generous towards the Corporates but never kind to the reasonable demands of Pensioners!

The updation cost of Rs1200Cr can be well taken care of by the Respective Pension Funds in Banks. Pension Funds are flush with Rs1.58Lac Crores generating a Net surplus of nearly Rs1200Cr every year. Will the FM look into the facts and not always be carried away by the ill-borne views of the Babus in the North Block?

Pension Funds of PSBs as at 31/3/14 (not included due to lack of clarity of image received).

FLASH NEWS

OROP

"It is confirmed that OROP file has finally reached MOD.

Following decisions have been taken in the meeting held on 17 Feb 15.

OROP will be as per approved definition.
In most of cases ESM will get fixed at highest of their rank pay band.
OROP equalization will be done annually.

Some issues of Major's pension are under discussion and will be sorted out soon."

Let us hope that the FM may not disappoint the Veterans in his Budget Speech on 28th Feb!

(Courtesy: Perumal Maruthu)

CASHLESS TREATMENT - MEMORANDUM TO CHAIRMAN

Dear Sir,

Attached is our Memorandum for your sympathetic consideration.
(Please click below to read Memorandum)

Thanks and regards,
M ​Sreenivasa Murty
​​President, Retired LIC Class I Officers' Association,
Hyderabad ​

PLEASE CLICK BELOW TO READ MEMORANDUM.

WHAT IF LIC PENSION SCHEME IS CONTRIBUTORY ?

A PENSIONER WRITES...

have received the following letter from a Pensioner.

we are publishing the same as received.

The pensioner who has written the letter  has 

not given his name or other details. 

However we are publishing the same to enable 

the pensioner to give expression to views 

and also give vent to his feelings in our 

pension matters.

*Episode narrated by DR APJ Abdul Kalam not covered for the present.

UNION BANK RETIRED EMPLOYEES' ASSOCIATION

Circular issued by GIC Pensioners' Association

Click Here to read GIC PENSIONERS ASSOCIATION CIRCULAR.

-B.G.Raithatha,

General Secretary

tara@bhargavas.net

NATURAL

NATURAL N-Not A-artificial T-tangible U-unadulterated R-rustic A-and L-limpid

BD BHARGAVA
tara@bhargavas.net

PP RAMACHANDRAN

R.S. Gopalan had a ready wit always. He bubbled with effervescence of vintage champagne and it was unthinkable not to laugh when Gopalan was around. During his last days he fell inside a moving bus, cracked his hip bone and was compelled to wear a belt always. He told me, “They say, people died with their boots on. In my case they will say, “Gopalan died with his belt on”. In a few days he passed away. 

For long years he worked in Economic Department Library. There were two assistants in that library, Shri.Shah and Shri.Singh. An associate from the library, who had resigned and gone abroad came on a holiday and visited the library. The first question he asked was, “Are Shah and Singh still in the library?,” Gopalan’s prompt response -- “Mr. Sadhwani, Once upon a time Shah and Singh were features of the library. Now they are fixtures.”

BANK NEWS

1. Banking News dated 12,14,15 February, 15 compiled by AIBEA
2. Banking News dated 16 February,15 compiled by AIBEA
3. February,15 issue of "HITGUJ" - a monthly magazine published by Reserve Bank of India Retirees' Organization

-B.G.Raithatha,

General Secretary

click here for BANKING NEWS
click here for HITGUJ

BANK NEWS

Birth Centenary of Shri K.K.Mundul

    We forward herewith an e-mail, which gives some glimpses of late Shri K.K.Mundul, whose Birth Centenary is to-day.

-B.G.Raithatha,

General Secretary

click to read BROCHURE ON KK MUNDAL

RAINBOW

BD BHARGAVA
tara@bhargavas.net,
Retd.Secretary(Mktg.), Central Office

PP RAMACHANDRAN

One of the highly respected officials of the Economic Department was Dr T.K. Velayudham, son of a humble station master in Andhra. TKV held the Chair in Monetary Economics established by RBI in the Bombay University. When he was my Deputy Director, he took part in world–wide essay competition conducted by Banker’s Magazine, London. He bagged the first prize. The next year also the coveted first prize was captured by him. 

When the magazine announced a competition for the third year in succession they wrote a letter to him requesting him not to participate and leave the prize for others. He retired as Principal of B.T.C.

*Shri Ramachandran retired from RBI as Dy.Gen.Manager.

BACRONYMS

BD Bhargava
tara@bhargavas.net

BANK NEWS

Information of Pension Funds under RTI

    Union Bank of India is avoiding / denying to provide under RTI information of its Pension Corpus. We are,therefore, compelled to escalate few complaints to the level of Second Appeals to the Public Information Commission.

    We forward herewith a recent decision of the Public Information Commission against ICICI Bank in the identical matter. This decision is provided to us by Shri J.P.Shah, a Consumer & RTI Activist. 

-B.G.Raithatha,

General Secretary

Click Here to read PUBLIC INFORMATION COMMISSION DECISION AGAINST ICICI BANK.

BD BHARGAVA

(1)

Their definition is given, again forming a phrase, 

using only the letters of the word itself.

1. ATAVISM​   

Ancestral Trait, Almost Vanished, Is Suddenly Manifest.

2. BACRONYM   ​

i) Brilliantly Assembled Catchy, Rustic, Odd Narrative, Yet Meaningful. ii) Brilliantly, Arranged Catchy, Realistic, Omnifarious Narrative, Yields Meaning.

3. BACRONYMS ​

Brainstorming, Amidst Critical Resemblances, Oftentimes, Neatly Yields, Meaningful Sequences/Sentences.

4. CABOTAGE​  

Conveys Authority Bracketing, Operational, Transportation Area Granted, Exclusively.

5. CHAGRIN    

Candid, Heartfelt Annoyance, Generally Rattles, Induces Nervousness.

6. CHUMP​  

Characterizes Half-witted, Unwise, Mediocre Person.

7. COOP​  

Cage, Only Occupants, Poultry.

8. DYSPNOEA​  

Debilitates Your Strength, Plants Nervousness, Obstructing, Expiration, Ambitions/Activities/Aspirations.

9. EGRESS        ​

Easy Getaway, Routinely Ensured, Somewhat Sagaciously.

10. ENIGMA​ 

Expression Not Immediately Giving Meaningful Account.

11. ERISTIC    

​Egoistically Reiterates, Ignoring Solid/Salient Truth, In Conversation.

12. EUTHANASIA​

End Ushered, Taking Health Affliction, Nasty And Stressful, Into Account.

13. FOB​ 

Frantically Offered Bargain.

14. GABBY​ 

Garrulous, Always Babbles, Brazenly Yawps.

15. GAFFE 

​Give Away, Foolishly, Facts Entrusted.

16. GID​  

Goats, Incurable, Disease.

17. GRIPE​  

Grumble, Retailing Immodestly Painful Experiences.

18. HALCYON​  

Happy And Lustrous, Calm, Yet Otherwise Normal.

19. HOE​  

Harvesting Operations Eases.

20. HYPOCHONDRIAC  ​

Healthy, Yet Ponders Over Contracting 

Heterogeneous Or Non-specific Diseases, Reiterates Imagining 

Adverse Conditions.

21. IATROGENIC​ 

Illness After Treatment Received, Overall Giving, 

Extensive Nervousness, Inviting, Concern.

22. IDIOPATHY  

​Illness Defying Identification Or Perplexing And 

Thereby Harassing You.

continued.

BD Bhargava

tara@bhargavas.net

Retd.Secretary (Mktg),Central Office.

BD BHARGAVA

(2)

Their definition is given, again forming a phrase, 

using only the letters of the word itself.

23. JAB​  

Just Abrupt Blow.

24. JAPE​  

Joke, As Practically Encountered.

25. LACONIC  

​Largely Avoids Conversation, Overall Not Inclined, Cagey.

26. LADLE​  

Long-handled Accessory, Dispenses, Liquids, Efficiently.

27. LICIT​ 

Lawful It Certainly Is, Technically.

28. LOUR   

Looks Outwardly, Utterly Resentful.

29. MACHINATE​  

Manipulate, Acting Cunningly, Handle Intrigues, 

Nefariously And Treacherously Engage.

30. MANTIS   

Moving Aggressively, Neatly Trapping Insects, Swallows.

31. MORON   

Mentally, Overall, Retarded, Oaf, Nescient.

32. NECROMANCY ​

Narrating Extrasensory Communications; Relate, 

Observations Monitored, And News Concerning You.

33. OTIOSE   

Obsolete Thing, Irrelevant Object Simply Expendable.  

34. PAGAN   

Pantheist All Gods Accepts, Nonchalantly.

35. PALLID​  

Pale After Long Lasting Illness, Debilitating.

36. POGROM   

Primitively Organized Genocide, Resembles Outrageous 

Massacre.

37. PRATE​  

Precisely – Rattle Along Talking Endlessly.

38. PROSOPOGRAPHY     ​

Prolific Record, Of Someone, Outlining, 

Personality, Obsessions, Greatness, Ruggedness, Achievements, 

Precisely Highlighting, Yesteryears.

39. SAPID    ​

Sweet And Pleasant, Interesting Demeanor.

40. SHIATSU  ​

Sophisticated, Healing Instrument, Acupressure 

Type System, Utilitarian.

41. SIESTA ​

Spain Itinerary – Enjoy Sleep Through Afternoon.

42. STROP   ​

Sharpens The Razor, Obliquely Polishes.

43. THYME    

Tropical Herb Yielding, Medicinal, Emollient.

44. WRAITH ​

Weird Revelations About, Impending, Travel 

Heavenwards.

BD Bhargava

tara@bhargavas.net
Retd. Secretary (Mktg), Central Office.

PP RAMACHANDRAN

ALABAMA INCIDENT: WHAT IT MEANS TO VISITING INDIANS

Sureshbhai Patel

A man from India who was slammed to the ground by a police officer had been singled out by police after a caller said a "skinny black guy" with a toboggan hat was walking in the neighborhood and peering into garages, recordings show.

The man, Sureshbhai Patel, 57, doesn't speak English and was slammed to the ground face-first by an officer when he didn't respond to commands. But he had committed no crime, the Madison police chief said.

Officer Eric Parker was arrested and is being fired. He has not commented publicly, and court records were not available Friday to show whether he has a lawyer.

Patel filed a lawsuit Thursday over the February 6 incident in Madison, where he was visiting his son's family. His injuries include partial paralysis but he hopes for a full recovery, according to the lawsuit and Patel's lawyer. The lawsuit says Patel's civil rights were violated. It seeks an unspecified amount of money. (excerpts from the Hindustantimes report)

Comments by Hindustan Times readers:

(1) Lessons to be learnt:1. Never leave for alien land without travel insurance of at least $50,000 with premium corresponding to age, 2. even street just outside your dependent's residence is not safe not because of potential mugging by unsocial elements or house invaders for money gain but also law enforcing agency who always attribute it to communication gap/ understanding, 3. ethnic divide despite legal provisions on paper has ruthless effect on death or disability by such behavior (slamming down helpless) when out alone,4. better carry photocopy of passport and tele # & stay address noted, 5. When confronted, answer to only queries and ask for consent to give other relevant details,6. every single person strolling on a public place is subject to Police (suspect to neighbors, who are possessive of privacy) due to easy complaint over phone without verification,

PP RAMACHANDRAN

We had an Economic Assistant who always wore suits and matching ties. 
His Officer was the emblem of simplicity—trouser and half bush-shirt. 

Once our Director wanted something 
immediately about cement prices and 
had contacted Nani Palkhiwala. 
The latter had instructed him to send 
his representatives. So the Officer and 
Assistant went to the Office of ACC. 

They were taken to the chamber of Palkhiwala who gave details required. The Officer had

brought a pad and pencil in which he was noting some points. Palkhiwala noticed this and told the be-suited Assistant, “If you want anything more I shall give you happily. Only send your stenographer. You need not waste your valuable time”. 

The duo were appropriately shocked, especially the Officer.

BACK TO WHERE IT ALL STARTED

Now, apply for passport on mobile

Passport applicants can very soon fill up forms on their mobiles with modalities being worked out to offer the facility to the tech savvy, revealed Chief Passport Officer Muktesh K. Pardeshi on Friday.

Mr. Pardeshi said that the App ‘mpassportseva’ can be downloaded now but the facility of submitting applications through mobiles will take sometime.

“There are issues like sharing the revenue with the telecom service provider of the applicant and also the banks. Our team had already discussed it with State Bank of India and talks with other players are on,” Mr. Pardeshi said. As of now, one can get the entire information on the application except submitting the forms.

Transgenders are also now being allowed to choose their sex in the application form and several passports have already been issued after they wished their gender to be included specifically, he said while the ‘e-passports’ may roll out in 2016.

They need a special chip and the Indian Security Press in Nasik has to acquire it in the market.

PP RAMACHANDRAN

 

There was another Director who was famous for 

his bouts of anger and torrential tirade. He summoned 

his Deputy Director at 12. 30 p.m and instructed him 

to prepare a note on revising the Bank Rate. 

And he added “The note must be on my desk by 2 p.m”. 

Quite a forbidding task. But the Deputy was up to any 

emergency, worked hard, followed  his boss’s instruction. 

The Director returned at 2 p.m and was happy to see a file board with a note. He called his Deputy, asked him to sit down and began reading loudly the note. 

“Good. Very good .Well argued”, he said. As he reached the last page he found another note of similar dimension lurking below. “What is this?” he bellowed. The Deputy answered calmly, “Sir, you had not instructed me whether there should be a rise in Bank rate or a fall. The second note argues for a fall of one per cent!”