DFS reiterates its commitment towards promoting accessible and inclusive financial services for all citizens, including Persons with Disabilities (PwDs)
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https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2263850&RegID=3&LID=1
Friday, 22 May 2026
PIBDFS reiterates its commitment towards promoting accessible and inclusive financial services for all citizens, including Persons with Disabilities (PwDs)
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Extracts from the other blog: It is not a question of vision of union leaders.Their vision is more abundant than that of the powers that be.If upgradation of pension is insisted upon, then the outlay for wage revision will get reduced with another portion of outlay required for upgradation of pension.It is more important for them to obtain maximum wage increase for the next 5 years to satisfy their constituents. Anyhow pensioners are conducting their legal fight for upgradation.If the legal grounds are strong and a favourable judgment is deliv ered by SC, the pension optees in service will also benefited on a platter.So the unions stop with writing a sentence in their letters to the LIC Management urging upon pension upgradation.Presently more than 33% of LIC employees are outside LIC Pension Rules 1995
As a result in the period ahead, the thrust will be more towards wage increases than pension upgradation.Pensioners have to fight for themselves.
Thanks Sri CHM for analysing the situation in the right perspective!
https://www.thehindu.com/news/national/cockroach-janata-partys-x-handle-withheld-founder-starts-new-account/article71006016.ece
CJI saying that the media “misquoted” him. Everyone misquoted about pensioners who perpetuated in inequality from 1.9.56 for not fighting for "Oriental Life" and "SBI"andaredumped.68+ yearsof failure
1 hour agoAbcLIC Q4 Results: Profit rises 23% YoY to Rs 23,467 crore; co declares Rs 10 per share dividend - The Economic Times https://share.google/N6vIsvPbl8NohyCBv
I just want to bring home that employee and pensioners are not altogether separate entities, they are complement to one another and according to court the pension we get are
deferred wages, then why both of things can not be revised/ updated simultaneously like govt employees, this must be prayed before the sc else it may be resolved as one time measure by sc.
Unemployment is not a character flaw. A generation battling job scarcity, inflation, and uncertainty deserves dignity, not derogatory labels. Constitutional authorities should uphold empathy and restraint, because words from powerful offices carry enormous weight. Young people asking questions, filing RTIs, speaking online, or criticizing institutions are exercising democratic rights —
not behaving like ‘cockroaches.’ Respect for institutions must be mutual: citizens must respect the judiciary, and the judiciary must respect citizens struggling to survive.
(Cotd) By validating our past actions, is nothing but compromisig for a good wage revision at the cost of pension, it needs some introspection at least, I think.
I see this episode in sc as blessing in disguise ,by saying so ,sc triggered the sleeping sentiments of youth and the manner zen zee are expressing themselves, I am assured that future of the
country is in safe hands otherwise till now I have always seen them as an addict of mobile, laptop, unmindful of all around affairs in the country.
(Contd) In real terms retirees of last one decade earned more than double the wages while in service and double the pensions thereafter than all seniors who lived and died. Compromise is Good for them!
I think pension is more crucial as service life and pension life almost equally divided,I have seen psu pensioners like ongc, getting very lucrative wages and benefits during service, getting hefty sums at retirement but fear of being pensionless,they never enjoy their bank balance and next generation enjoy it.So having a decent pension gives confidence to older people and they feel independent.
https://indianexpress.com/article/india/cockroach-janta-party-vs-oggy-janta-party-internet-political-battle-10702750/ Fake narratives galore in social media. It is said TVK party InTN defeated two corrupt Dravidian parties which ruled fo 6 decades among themselves by means of false narratives uploaded from foreign countries including some enemies of India and 30000
What's up groups to win with 35% votes polled in its 1st attempt. It seems it is continuing even after victory. Some say without them past cannot be erased.We have seen many revolutions had won and
survived for decades by it which at last dis appeared. In the case of pension upgradation of financial sector in the real world, false narratives during 6 decades resulted death of a million retirees
6 hours agoBalahttps://timesofindia.indiatimes.com/technology/tech-news/nvidia-ceo-jensen-huang-warns-employees-across-industries-you-are-going-to-lose-your-job-if-you-do-not-/articleshow/131260658.cms
There are number of falseThere are number of false narratives regarding LIC from 1956 to this day regarding pension and its upgradation. Now everyone says if upgradation and its arrears are paid,expense ratio will go beyond
15% allowed. For 25-26 it is 11.91%. LIC can spend 3.09% now to meet enhanced pension for those 80+ age which will be less even cumulatively for very small number.Further1950s - 1970s During LIC's
post-nationalization era, combining 245 different units required heavy setup and operational costs. Expense ratios frequently breached \(20\%\) to \(25\%\) during this expansionary phase.Mid-2000s -
One should note there was no expense under head"Pensions" and GOI might have received less dividends than now and nobody raised the issue of excess,when real wages to all were stagnant for 37 years
85% strong TU might say that is why they refrained from asking like "Oriental Life" "SBI" pension.When LIC wanted to introduce "Main frames" not tbe considered as Computers of thisday toreduceexpenses
but with written assurance of no retrenchmentplusmany promotions it launched militant agitation for 2+ decades resultitng all unit employess died without pension. Adding fuel to fire then chairman in
1995 thundered that he will not preside over the liquidation of LIC if granted pensions by DFS collaborated by TU which told Pension is far inferior than PF so that large number of youngsters opted PF
and then converted into pension optees after decades.Mid-2000s - 2010s: As the organization digitized and scaled massively, the operating expense ratio stabilized significantly. Over the decade ending
in the mid-2010s, it hovered around the \(7\% - 8\%\) mark for core operating expenses. GOI pocketed huge dividends and refused pension upgradation.In-service betrayed seniors by refusing 3% reduction
from 15% gross increase during wage setlement every 5 years. No retrenchement and bankruptcy of LIC happened during 6 and 3 decades respectively.There are many other fake narratives too long
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