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6th Conference Slogan- Pension Updation is Right of Bank Retirees
Ref No. 2026/0153
Date: 11.04.2026
The Chairman Indian Banks’ Association Mumbai
Respected Sir,
Re: Representation in light of Supreme Court Judgment dated 10.04.2026 in Civil Appeal No. 11592–11593 of 2023. Removal of discrimination in Dearness Relief (DR)
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2.We respectfully invite your kind attention to the judgment delivered by the Hon’ble Supreme Court of India on 10.04.2026 in Civil Appeal No. 11592–11593 of 2023, wherein it has been categorically held that discrimination in the formulation of Dearness Allowance (DA) and Dearness Relief (DR) between employees and retirees is impermissible under law, as both are equally affected by inflation.
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3.The Hon’ble Court has reaffirmed the constitutional principles enshrined under Article 14, emphasizing that any classification must satisfy the twin tests of:
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1.Intelligible differentia, and
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2.Rational nexus with the object sought to be achieved
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4.The judgment further clarifies that arbitrariness is antithetical to equality, and any arbitrary distinction is violative of Articles 14 of the Constitution.
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5.In this regard, we invite your kind attention to:
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•Para 13 and Para 35 of the 12th Bipartite Settlement dated 08.03.2024, wherein an improved formula for DA/DR has been introduced for employees and retirees who retired after 31.10.2022.
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•However, Para 34 of the same settlement denies the benefit of improved DR to pensioners who retired prior to 01.11.2022.
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6.This distinction creates a clear class discrimination among pensioners, despite all retirees being equally impacted by inflation. Such exclusion lacks:
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•Any reasonable classification, and
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•Any rational nexus with the objective of DA/DR, which is to neutralize the impact of rising cost of living.
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7.In light of the above Supreme Court judgment, this differential treatment is prima facie arbitrary, discriminatory, and violative of Article 14 of the Constitution.
8. Our Humble Submission:
In view of the legal position now settled by the Hon’ble Supreme Court, we respectfully urge the Indian Banks’ Association to:
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•Review and revise Para 34 of the 12th Bipartite Settlement dated 08.03.2024
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•Extend the benefit of improved Dearness Relief (DR) uniformly to all pensioners, including those who retired prior to 01.11.2022
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•Implement the revised provisions with effect from 01.11.2022, ensuring parity and fairness across all retirees
Such a step would not only ensure compliance with the constitutional mandate and judicial pronouncement but also uphold the principles of equity, fairness, and social justice.
We sincerely hope that the matter will receive your sympathetic and expeditious consideration.
With Respectful Regards,
Yours Sincerely,
(S. C. JAIN) GENERAL SECRETARY
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1.The Chief Executive, Indian Banks’ Association ( IBA), Mumbai
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2.The Senior Advisor ( HR), Indian Banks’ Association (IBA), Mumbai
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3.General Secretaries, AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBOC, INBEFE NOBOW, NOBRO
2 comments:
Whether Sub Sahara countries can emulate like India which was like them a decade back?
Sub-Saharan African (SSA) countries are increasingly seen as being on a path similar to India’s from roughly 15 years ago, with several nations already adopting "Indian-style" reforms to accelerate development. While the region faces distinct geographic and political hurdles, many experts believe SSA can emulate India’s success by leveraging its demographic dividend and digital public infrastructure. Key Similarities: Africa Now vs. India a Decade Ago
Economic Baseline: Until around 2010, India was actually poorer than most SSA countries on a per-capita basis. Digital Hurdles: SSA currently faces challenges India encountered a decade ago, such as low internet penetration, fragmented public services, and a significant digital divide.
Demographics: Both regions share a "youth bulge." By 2050, Africa is projected to have a larger working-age population than China and India combined.
Strategic Areas for Emulation
African nations are already looking to specific Indian models to "leapfrog" traditional development stages:
Digital Public Infrastructure (DPI):
Aadhaar Model: Many countries are exploring biometric ID systems similar to Aadhaar to enable direct benefit transfers and financial inclusion.
Fintech: India’s UPI and mobile payment frameworks are being studied by African leaders to boost their already leading mobile money sectors.
Governance & Services:
Public Distribution: Countries like Ghana are looking at India’s Ujjwala scheme for LPG distribution, while Namibia has explored Indian electronic voting systems.
Tele-Health & Education: The Pan-African e-Network, a joint initiative, uses Indian expertise to provide remote medical and educational services across the continent.
Manufacturing & Trade:
AfCFTA: The African Continental Free Trade Area aims to create a single market, similar to India’s internal economic integration, to attract global supply chains. Challenges to This Growth
Infrastructure Gaps: While India’s growth was hindered by poor infrastructure in the 90s, many SSA nations still struggle with high logistics and freight costs that stifle manufacturing.
Security & Stability: Regional conflicts (e.g., Sudan war, Sahel insurgency) remain major barriers to the consistent 6-7% growth rates seen in India's "resurgence" decade.
Would you like to see a comparison of specific African countries (like Kenya or Rwanda) that are currently showing the fastest growth?
(In-Service and Retirees of financial sector are not capable till 1.11.93 to find the reason why working class were unable to get Pensions other than GOI/SBI Staff and upgradation of it except RBI staff thereafter. Perhaps they want Manna from Heaven ie., Judiciary)
Another Ai Version: Sub-Saharan African countries can potentially emulate India's development trajectory by leveraging India's focus on capacity building, digital transformation, and industrial growth. However, this requires overcoming significant structural, infrastructure, and regulatory challenges that India itself tackled after the 1990s, when both regions shared similar economic indicators. Key Factors for Emulating India's Success:
Digital and Tech Focus: Africa can leverage India’s expertise in IT and digital infrastructure, similar to partnerships seen in Kenya and Ghana with IT education and centers of excellence.
Capacity Building: India's focus on providing training and skill development allows for practical, relatable skill transfer.
Adaptable Models: Many African nations see India's development trajectory (post-1990 reforms) as a more directly relatable model for development compared to Western models.
Economic Partnership: India is emerging as a critical partner in Africa, with significantly increased trade volumes over the past few years.
Challenges to Overcome:
Infrastructure Deficit: Similar to India’s challenges before the 1990s, weak infrastructure and limited financial access remain significant hurdles.
Diversification: Sub-Saharan countries need to move beyond agriculture and build industrial capacity.
Implementation Speed: While India suffered from slow reforms in the past, success requires faster, consistent, and proactive economic reforms.
Despite the potential for growth, observers suggest India's development path is not automatically replicable due to differences in governance, population, and infrastructure. (It is a pity one who is a member of top 20% families are not interested in the welfare of 80% families and whole of India by not commenting economic /political policies of various political parties of India in these two Blogs due to conditioned mind. Every one wants to go up ie., top 10% by pulling down those who are below them perhaps )
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