महोदय/महोदया,
हम अक्तूबर 2024 की योगक्षेमा प्रत्रिका की डिजिटल प्रति प्रेषित कर रहे है। कृपया प्राप्ति स्वीकार करें।
निगमित संप्रेषण
Corporate Communications
केंद्रीय कार्यालय, मुंबई
Central Office, Mumbai
Click below:-
Wednesday 16 October 2024
Tuesday 15 October 2024
P& H Court order dated 10.09.2024 on stay of recovery of Commuted Pension in three petitioners of LIC,KARNAL DO
Friends
Honorable Haryana and Punjab Chandigarh has passed order on 10.09.2024 in which the recovery of Commutation value has been restricted upto 10 years. And No further recovery to be made.
Our Top leadership is requested to take up the matter with LIC at Top level in this direction.
Satish Kapoor.
Secretary AIIPA Karnal Pensioners Association
Monday 14 October 2024
'Land Leased To Azam Khan's Trust When He Was Minister' : Supreme Court Dismisses Jauhar Trust's Plea Against UP Govt Cancelling Lease
'Land Leased To Azam Khan's Trust When He Was Minister' : Supreme Court Dismisses Jauhar Trust's Plea Against UP Govt Cancelling Lease
https://www.livelaw.in/top-stories/azam-khans-trust-minister-supreme-court-dismisses-jauhar-trusts-plea-against-up-govt-cancelling-lease-272330
Payment of arrears to those who retired between 01.08.1992 & 31.03.1993.
The pensioners should insist on calculations sheet to verify calculations. LIC has paid difference in commuted value and recovered total higher amount of difference in instalments for 180 months which has reduced the arrears as they have not paid interest on commuted pension difference.
I have seen that at least in one case they have even calculated revised DR slab wrongly.
There is no guarantee for accuracy of LIC's calculations as it has been done manually and not done through a software program.
There are even recoveries demanded from a number of pensioners.
C H Mahadevan
Sunday 13 October 2024
Small Committee Minutes
Small Committee Minutes: P&H HC dismissed our appeals stating that Small Committee minutes are not the final agreement on pension and they are only parleys before agreement and the final agreement came in the form of Pension Regulations. This may be because of the fact that the minutes contained certain points raised by the Unions/Associations which remained alive for further discussions.
After signing the Minutes, the members met again after about a week and finalised the draft Regulations. This draft was signed by all the members of the Committees and was forwarded to the Government for approval. (It appears the points raised by Unions/Associations which remained for further discussion were abandoned.) The draft Regulations have the agreement reached on Updation and Dearness Allowance that they should be in line with RBI formula. Thus the draft Regulations only will conclusively prove our claim that Banks/IBA have agreed to update pension by following the RBI formula. Instead of relying on the Minutes of the Small Committee we should bring the existence of the Draft Regulations to the notice of the Court. Court may not accept the Small Committee Minutes as the final agreement on pension.
I learn that the copy of the draft Regulations is available in the documents filed by IBA.
Regulation No.35: This was amended in 2003 and the words "wherever applicable" was included. Wherever applicable means it is not applicable to all.
In the Karnataka HC and Kerala HC, IBA stated that Regn.35 is applicable to pensioners who drew their last ten months salary under two Bipartite Settlements and in all such cases updation has been effected as per the formula found in the Regulations. This was accepted by both the HCs. In the Karnataka HC the Court directed the Petitioners to submit a list of pensioners whose pension has not been updated as per the given formula so that it can pass the necessary orders. As no list was not submitted even after the stipulated date, the petition was dismissed.
The pre amended Regulation may be relied on to prove that Updation was there in the scheme which was subsequently removed.
Updation under Regn.35, will not fetch any substantial increase in Pension. Therefore we should focus on RBI formula only.
IBA's acceptance of the fact that Pension Scheme of Banks and RBI should be similar in all respects: In the meeting held on 10/11/1997 to discuss the demand of Unions/Associations for the removal of the clause on forfeiture of past service of the employee who participate in illegal strike and certain other residual issues, Unions/Associations asserted that Pension Settlement in Banks was arrived at explicitly on the premises that it will be exactly in the lines of RBI Pension Scheme. IBA accepted this claim of the Unions. As Pension Regulations of RBI did not have the clause on forfeiture of past service, IBA agreed to the removal of the clause from Bank Pension Regulations.
The minutes of the meeting should be brought to the notice of the Court to establish that updation as per RBI formula should be extended to Bank Pensioners also.
Pension Funds: Funds available in the Pension Funds include funds provided for payment of pension to future retirees also. Employees who joined the Bank till 31st March 2010 are eligible for Pension. An employee who joined in 2010 will start drawing pension only in 2045 (assuming he joined the bank when was 25 years of age.) Therefore, the income earned by the funds will exceed the payments out of the funds till such time majority of the members start drawing pension.
Amount available in the Pension Fund is sufficient to meet all the obligations undertaken. As updation has not been accepted by IBA so far, no provision would have been made for updation.
In view of what is stated in the foregoing, claiming availability of funds to meet updation is wrong. Instead the profitability of Banks can be brought to the notice of the Court to establish that Banks can meet the updation cost without difficulty.
. I have brought the above points to the notice of the Associations in the last three to four years. None of them have reacted to the points raised by me.
A brief note sent by our advocate Mr Sewaram PNB Pensioner & Advocate
A brief note sent by our advocate Mr Sewaram
PNB Pensioner & Advocate -
Quote
Sir,
You are aware that bank employees pension updation case which the employees of PNB, PSB and Oriental Bank had lost in Punjab & Haryana High Court in 2016 is now pending in Supreme Court since 2016 in MC Singla case which is now converted as Civil Appeal no. 7993/2023. In 2018 Association of IOB retired employees (ARISE) got impleaded in this case for effectively putting up the case with the support of AIBAPARC under the patronage of Sh. K V Acharya ji who is an IOBean and well known leader in banking industry. In fact, much before the MC Singla case, in 2010 ARISE had filed a writ petition no. 5030/2010 in Delhi High Court for pension updation and I am counsel for ARISE in both the above cases. The stand of IBA for denying pension updation in both the cases has been (a) no provision for pension updation in pension regulation (b) no mandate from banks to negotiate pension updation (c) inability of banks to meet the cost of pension updation. We have strongly refuted the IBA contentions in Supreme Court as well as in Delhi High Court and have already placed on record the documents and IBA letters to AIBOC showing that updation was specifically agreed an signed minutes by IBA dated 26.3.1994 and based on which in Dec 1994 IBA had directed all banks to update the pension of those who had retired upto 31.12.1987. The provision in Regulation 35 was specifically made and it was made applicable in future also vide amendment in 2003. Pension Fund position of all banks has also been filed in Court which shows that even annual income in pension fund is sufficient to meet the annual cost of pension updation. The IBA plea that it has not been authorised by banks to negotiate pension updation is false on face of record because IBA has been negotiating the pension updation issue during recent bipartite settlement and had signed an agreement dated 9.3.24 with unions to resolve the issue of pension updation with six months. We have placed before Delhi High Court on 8.10.24 the said agreement dated 9.3.24 and the Court has taken the same in record . These facts completely answer and reject all pleas of IBA against pension updation. Delhi High Court has adjourned the case to 7.2.25 awaiting outcome of Supreme Court case.
Our application in Supreme Court for early hearing is not listed upto 21.10.24. So we are now planning to file a mention memo on 14.10.24 which may be listed in 2 or 3 days before the court and we will pray the Hon'ble Judges to give an early fixed date for final hearing of case.
Sewaram.
Unquote
Amendment regarding capital gain under Income Tax Act,1961
Amendment regarding capital gain under Income Tax Act,1961
EXCLUSIVE PAST FEEDBACK FROM ALL OVER INDIA ON PENSIONERS COURT CASES –A PANORAMA OF INVOLVEMENT, A KALEIDOSCOPE INDEED: as part of RIEA Chennai Silver Jubilee Celebrations :RBKishore 8/8/2023 to 8/8/2O24
DEAR ALL,
I )
EXCLUSIVE PAST FEEDBACK FROM ALL OVER INDIA ON PENSIONERS COURT CASES –A PANORAMA OF INVOLVEMENT, A KALEIDOSCOPE INDEED: as part of RIEA Chennai Silver Jubilee Celebrations :RBKishore 8/8/2023 to 8/8/2O24
1)Excerpts from our letter to Hon Judge (Retd) V.R.KrishnaIyer
Any slight dislocation or disturbance in the unalloyed & unadulterated enjoyment of those Rights,Courts must immediately step in & bring harmony & justice. Courts must issue Directions to the delinquent authorities with a positive Order --
a)----to uphold Human Rights mercilessly trampled upon, taking 13 long years to arrive at a decision,
Circular No. 32/2024 Dated 12.10.2024
Dear Shri.Sahni ji,
Please find the attachment herewith and request for uploading in your esteemed blog and oblige.
With regards,
Ashok Joshi,
GS, NOIP (BMS)
Click below:-
Saturday 12 October 2024
President's Secretariat PRESIDENT OF INDIA’S GREETINGS ON THE EVE OF VIJAYADASHAMI
President's Secretariat
PRESIDENT OF INDIA'S GREETINGS ON THE EVE OF VIJAYADASHAMI
Posted Date:- Oct 11, 2024The President of India, Smt. Droupadi Murmu has sent her greetings to fellow citizens on the eve of Vijayadashami.
In a message, the President has said, "On the auspicious occasion of Vijayadashami, I extend my warm greetings and best wishes to all my fellow citizens.
The festival of Vijayadashami marks the victory of justice over injustice. On this occasion, religious and cultural events are celebrated with great fervor in various parts of our country.
This sacred festival reminds us to further strengthen our faith in higher human ideals. Many inspiring stories of dignity, commitment to duty, purity of conduct, humility and courageous struggle for justice are associated with this festival. These stories should be our source of inspiration.
May this festival of faith and zeal bring success, prosperity and happiness for all".
Please click here to see the President's Message in Hindi:-
*****
MJPS/SR
नवमी नवरात्र की हार्दिक शुभकामनाएं
आज 12-10-2024, दिन शनिवार, नवरात्र नवमी, मां का स्वरूप सिद्धिदात्री - सभी प्रकार की सिद्धियों को प्रदान करने के कारण इन्हे सिद्धिदात्री नाम से जाना जाता है। इनकी उपासना से साधक अनन्त दुःखरूप संसार से निर्लिप्त रह कर सारे सुखों को भोग कर परम धाम को प्राप्त हो जाता है।💐
💐 माँ सिद्धिदात्री हम सब को ऐसा वर दे, खुशियों से झोली हम सब की भर दे।💐
🙏 जय माता दी 🙏
💐
Friday 11 October 2024
VARISHTHA VAANI OCTOBER-2024
VARISHTHA VAANI OCTOBER-2024
https://drive.google.com/file/d/1c7unwLAevl_cDZJ8clW0r2OV4foNVZso/view?usp=drivesdkInternational Day Of Girl Child
Happy International Girl Child Day! When we empower our girls today, we're shaping tomorrow's leaders. LIC stands strong with every girl, providing the support and security they need to chase their dreams.
Highly fruitful and productive meeting with FM
Highly fruitful and productive meeting with FM
* Today there were two separate meetings by BMS - one for insurance sector unions and other for Banking sector unions
* * Insurance sector meeting scheduled at 5.00 pm started at 5.20 and went on for an hour. Total 12 delegates from different insurance unions headed by S/Sh Surendran ji, Arya ji, and Biswas ji attended.
* * NOIP was represented by the undersigned.
* *The undersigned dealt with all the points contained in the letter to FM [enclosed herewith]
* * The undersigned thanked the FM for a satisfactory wage revision to existing employees as well as enhancement of family pension to 30%. She happily acknowledged our appreciation.
* *Updation of Pension was dealt with in all the details saying that ED retired in 1992 is getting lesser pension than recently retired Driver. She checked up the authenticity with Secretary Finance present there, who nodded in affirmation. FM appeared to be empathetic in this regard.
* *One more pension option (OMOP) to the leftover Ex servicemen/ Engineers and resigned employees was discussed threadbare and we hope to get positive response in this regard.
* *Other issues detailed in our point number 3 were also discussed in depth.
* * Madam was highly receptive and she is a perfect listener.
* * On NOIP's foundation day we deem it to be a red lettered day in the annals of NOIP.
* * We sincerely felt that - हमारे भी अच्छे दिन आने वाले हैं।
* Detailed Circular will follow.
Ashok Joshi
Camp Delhi
10-10-2024
21:35
Thursday 10 October 2024
Re: My note on payment of arrears in term of Kerala High Court Judgment dated 07/02/2024
Dear Shri Agnihotri ji,
LIC played the same trick with Mr M C Jain while making payment of arrears and also in case of Mr KML ASTHANA if I remember correctly.
We cannot expect better from the senior officers of CO.
They always think how to reduce payments of arrears to please their bosses.
A suitable case needs to be prepared.
LIC will never implement DHC order on DR retrospectively.
However ,LIC has to pay DR at the rates fixed by DHC with effect from the date of order (30.04.2017).
Has LIC paid interest on difference of Commuted Value from date of retirement?
With regards,
R K Sahni
On Thu, 10 Oct 2024 at 12:12 pm, RK SAHNI<rksahni278@yahoo.co.in> wrote:Dear Shri Sahni Sahab,Above mentioned note is attached herewith for favour of your information.Regards,M P AgnihotriClick below:-
My note on payment of arrears in term of Kerala High Court Judgment dated 07/02/2024
Dear Shri Sahni Sahab,
Above mentioned note is attached herewith for favour of your information.
Regards,
M P Agnihotri
Click below:-
My note on payment of arrears in term of Kerala High Court Judgment dated 07/02/2024
Dear Shri Sahni Sahab,
Above mentioned note is attached herewith for favour of your information.
Regards,
M P Agnihotri
Click below:-
PRAYERS FOR OUR CASE IN S C
A 1000 Thanx
Timely on the eve of our AIRIEF CAs tentative Final Hearing around 11th December 2024
Great CJI Sri Chandrachud retires on 11 th November
Ours is a 2 Judge SC BENCH
Continue ur Info as many sideline & main news will start pouring
.if u have some in their PARENT NABARD,they must have already received settlement of PU pension revision with every wage revision
Others known to you & Assn find out about DA DR Discrepancy like ours Pre 8/1997pensioners like my humble self getting 50 %DR ,not like Employees & Post 8/1997 Full DA DR
3 CHEERS ,DURGA,SARASWATHI,LAXMI GODDESSes have bestowed on RRBs & tell ALL to have FAITH & PRAYERS till we all succeed as aLIC FAMILY & FRATERNITY
GREETINGS & WARM REGARDS TSNRAO UNION LEADER 1989 !!!
RBKISHORE
098403 40591
096000 06582
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