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Thursday, 27 February 2020

RBI PATTERN IN LIC

            Dear friends                                                                              27-2-20
                                            Today I read the article by sri " CT JOSHI  ".Till now I do not understand why the petitioners are not at all interested in requesting for adoption of  RBI pattern . THe multiplication factors were cross checked by sri CH Mahadevan and  Sri RK Sahni. THese factors found a place in my memorandum to Mrs Nrmala sitaraman, FM.  Sri Mahadevan  worked out the factor for family pensioners  as " 7 ". The calculations   solve  the problem  once for all. 
Sri Asthana  wants  ""  stage to stage fixation . "". If  multiplication factors are  approved  we must be 
satisfied.  The only question to be  taken care of  is   effective date of implementation .""  that is 
retrospective effect . Two options  . (1)    dt of LIC Board  resolution ., say  1-12-2001   (2)   1-2-2007 
reference to writ no 654 of 2007 by sri Asthana 
Let the  petitioners  seriously ponder .   
CS Murty 

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