1)SURYAKANT MAHADIK -
FROM FORMER GOVERNORS' PERSPECTIVE
Surykant
Mahadik, Chairman Emeritus, RBREA, has
served
the All India Reserve Bank Workers' Federation as its
General
Secretary over three decades.. Shri Mahadik had
fought
innumerable battles with the management even when he
was in
the Bank; charge-sheeted and suspended number of
times
and was also dismissed from the service, to be taken
back
subsequently. At the same time, he had close interaction
with
the Bank's Top Management as also with successive
Governors.
Shri Mahadik's role as a responsible, sensible,
progressive
and popular trade union Leader has been
recognized
and appreciated not only by the Bank's Top
Management,
but also by the successive Governors. Mahadik's
reference
comes nostalgically in two books relating to two
former Governors.
The
first one is, “Glimpses of Indian Economic Policy - An
Insider's
View”- written by former Governor Dr. I G Patel. In his
book
Dr. Patel recalls his meeting with Shri Mahadik on New
Delhi
Airport. Dr. Patel, after his retirement as RBI Governor,
had
arrived at New Delhi Airport very late one night from
Ahmedabad
on his way to London and was rather tired even to
carry
his baggage. Shri Mahadik, then an MLA, Maharashtra
Assembly,
was on the same airport that time. As soon as he
noticed
Dr. Patel, he approached him with a smile. Dr Patel
adds
that Mahadik would not let, ”his Governor” push the
trolley.
He took charge of everything, got him seated
comfortably
and arranged with Air India staff, a night's halt for
him at
Centaur Hotel, so that he could rest and take next
morning
flight, instead of the earlier one on which he was to
travel.
Dr. Patel was deeply touched by Mahadik's gesture
especially
when Dr. Patel was instrumental in Mahadik's
dismissal.
In a
biographical book on former Governor Dr. Man Mohan
Singh, “Strictly
Personal” written by his daughter Dr. Ms.
Daman
Singh, she reproduces her discussion with him about
the
industrial relations in the Reserve Bank when he took over
as the
Governor, which were pretty bad. Dr. Singh who believed
in
reforms took a very bold initiative to reinstate all the
dismissed
employees, including Mahadik. According to Dr.
Singh,
he was giving them another chance, in the hope that
there
would be response from the other side. And there was a
response.
There is a remarkable positive change in the
members
of the Workers Union under the able leadership of
Shri
Mahadik. As envisaged by Dr. Singh, Mahadik ensured that
his
members not only get good service conditions but also
significantly
contribute in maintaining high standards of
services,
reputation and prestige of the Bank. He also strived
hard to
ensure that members refrain from alcoholism, maintain
good
health and ensure family welfare. Dr. Singh has given due
credit
to Mahadik in improving the industrial relations scenario
in the
Bank and working in mutual interests to maintain the
institution's
dignity. Though subsequently both Dr. Singh and
Mahadik
became political personalities being MP and MLA
respectively,
Mahadik remains in touch with Dr. Singh and holds
him in very high esteem.
2) DEARNESS RELIEF FOR FEBRUARY
- JULY 2015
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Pension / Family Pension based on
Pay scales effective from
% of Pension /
Family Pension
November 1, 2002 (CPI = 2288 ) 156.78%
November 1, 1997 (CPI = 1684 ) 245.28%
For Ex-gratia recipients (CPI =600) 866.31%
The rates of Dearness Relief on
Pension / Family Pension /
Ex- Gratia for the period February
2015 to July 2015 shall be
worked out as under:
I. On pension based on the pay scales effective from
1st November 2007 – 110.10% of basic pension.
II. The rates of Dearness Relief in respect of all family
pensioners – 110.10%
of family pension
III. The rates of Dearness Relief in respect of
pensioners who retired before November 1, 2007
and ex-gratia
recipients will be as under :
Pension / Family Pension based on
Pay scales effective from
% of Pension /
Family Pension
November
1, 2002 (CPI = 2288 ) 156.78%
November
1, 1997 (CPI = 1684 ) 245.28%
For Ex-gratia recipients
(CPI =600) 866.31%
DR. RAGHURAM RAJAN – GOVERNOR OF THE YEAR
Shri T
G Nair, Gen. Secretary All India Reserve Bank Retired
Employees’
Association, has addressed a letter to Dr. Raghuram
Rajan
on 13th January 2015 congratulating him for being
conferred ‘Governor of the Year’ award by a British journal
devoted to Central Banking, in recognition of his focused
approach in leading the Reserve Bank of India during his first
year
as the Bank’s Governor.
Shri
Nair has added that the Association notes with
pride that the
RBI Governor and Mr. Mario Draghi, President of the European
Central Bank, have signed an MOU for working together in
different areas of central banking towards mutual benefit and,
perhaps for the first time, that such a historical development
emerged which undoubtedly goes to the Governor’s credit.
R.B.KISHORE,VP,AIRIEFED(Retd),LIC ,044-2815 5810/098403 40591
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