PENSIONERS ’ EMAILS & FEEDBACK FROM 1st JUNE,2017 : SERIES No 149 & 150

Dear All, Useful Compendium of many matters affecting all of us. A Guide to recent happenings, Tips to comply few MUST items to be free from worries,perform role as a good citizen,ensure no delay, stick to time & deadlines,create hassle-free environment with a sense of discipline, avoiding procrastination.

As interest rates are on downward path & even plunging fast, compensate with quick Pradhan Mantri Vaya Vandana Yojana, if possible ,maximizing, Rs 5000 pm or Rs 60,000 pannum for Self & Spouse as a family,with Single Premium Purchase Price of Rs 7,50,000 before 4/5/2018, WITHIN ONE YEAR OF INTRODUCTION 5/5/2017.

Lots hints given on Aaadhaar Card 12 digit number ,many would have already linked to Bank account, easy & simple.now Aadhaar also to be linked positively with PAN Card No fot filing ITReturns.Read, easy to comply.Aadhaar so important for opening of Bank accounts,transactions of Rs50,000 & more made mandatory.It will be a headache if such vital compulsions are not readily fulfilled,to avoid later penalties & inconveniences galore.

Pensioners ,some, it appears, have still not given Aadhaar 12 digit full card Self-attested copy, alongwith Form sent by LIC Pension Disbursing Office , in liew of Manual Existence Certificate, which procedure also will continue.Those who go abroad etc must perforce do this POSITIVELY, as form was received more than 2 months before.

LIC FF Mediclaim policy 2017-18, ready insertions done below,read, about 24 hour limitation not applicable List, Clause C Diagnostic testa allowed, rates ,limits etc ,click,read,utilize when necessary

Lots of ideas, suggestions, what to figure in proposed SLP in SC , many have aired good,worthwhile suggestions,for which we are grateful.Without illwill or bickering, all must march on with confidence & qualitative, assertive submissions, errors of omission & commission of DHC Bench pointed out with force & clarity,& especially finetuning Pension upgradation with every wage revision put on red carpet succinctly to reverse Hon Khannas exposition

---R.B.KISHORE, VP,AIRIEF

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1) ALL SENIOR CITIZENS WHO HAD INVESTED IN SENIOR CITIZEN SAVING SCHEME, A SOCIAL SECURITY PROVIDED AND CONTINUED BY THE PREVIOUS GOVERNMENTS  TO INVESTMENT LIMIT OF RS. 15,00,000/-, EARNING INTEREST @9.3% PER ANNUM SAY RS.1,39,350 /-PER ANNUM OR SAY RS. 11662/-PER MONTH TO HAVE THEIR BREAD RESPECTFULLY, HAS BEEN REDUCED BY RS. 10500 /-PER ANNUM TO FACILITATE MR.FIN.MINISTER, ARUN JAITLEY FOR GROWTH OF BIG CRONY CAPITALIST CORPORATES.

THE GOVERNMENT WHICH INSTEAD OF INCREASING  THE SOCIAL SECURITY OF ITS SENIOR CITIZENS, SNATCHES OR REDUCES IT, HAS NO RIGHT TO STAY IN POWER. PREVIOUSLY MR. SURESH PRABHU, RAILWAY MINISTER, ALSO INCREASED THE AGE OF SENIOR CITIZENS FROM 60 YEARS TO 65 YEARS FOR CONCESSIONS IN RAILWAY FARE AND REFUSED THE BERTH TO THE CHILDREN WITH HALF TICKET, INTRODUCED FROM THE VERY BEGINING of RAILWAY AND CONTINUED BY ALL THE PREVIOUS GOVERNMENTS. DO YOU THINK THAT IT IS NOT WITH THE APPROVAL OF MODI  WHO PROMISED  'ACHHE DIN'????????? FOR EVERYONE . SABH KE SAATH SABH KA VIKAS.

I REQUEST  AND APPEAL TO YOU ALL, EITHER SENIOR CITIZENS OR THEIR FAMILY MEMBERS TO SHARE THIS POST IN YOUR LIST OF FRIENDS SO THAT THE GOVERNMENT IS FORCED TO THINK AND REVIEW ITS POLICIES ON SOCIAL SECURITY TO THE SENIOR CITIZENS OF INDIA SO THAT THEY CAN  HAVE  RESPECTABLE BREAD IN OLD AGE. 

PLEASE SHARE  SHARE  AND  SHARE  AGAIN AND AGAIN TO MAKE YOUR VOICE REACH TO THE FINANCE MINISTER, RAILWAY MINISTER AND THE PRIME MINISTER-----------HKAggarwal

2)

Recording of Details of Transactions in Passbook/ Statement of Account

RBI/2016-17/326DBR.No.Leg.BC.76/09.07.005/2016-17

June 22, 2017

All Scheduled Commercial Banks (including RRBs)All Small Finance Banks and Payments BanksDear Sir/ Madam,

Recording of Details of Transactions in Passbook/ Statement of Account

Please refer to instructions contained in Paragraphs 6 and 7 of our circular DBOD.No.Leg.BC.74/09.07.005/2003-04 dated April 10, 2004 on "Committee on Procedures and Performance Audit on Public Services - Report No. 3 - Banking Operations : Deposit Accounts and Other Facilities Relating to Individuals (Non-Business)" advising banks to avoid inscrutable entries in passbooks/ statements of account and ensure that brief, intelligible particulars are invariably entered in passbooks/ statements of account with a view to avoiding inconvenience to depositors.2. It has come to our notice that many banks still do not provide adequate details of the transactions in the passbooks and/ or statements of account to enable the account holders to cross-check them. In the interest of better customer service, it has been decided that banks shall at a minimum provide the relevant details in respect of entries in the accounts as indicated in the Annex. The list of the transactions mentioned in the Annex is indicative and not exhaustive.3. Banks shall also incorporate information about ‘deposit insurance cover’ along with the limit of coverage, subject to change from time to time, upfront in the passbooks.Yours faithfully(Rajinder Kumar)

Chief General Manager

Annex

Illustrative narrations to be recorded in the Statement of Account/ Passbook

I. Debit entries

a. Payment to third parties (i) Name of the payee(ii) Mode – Transfer, clearing, inter-branch, RTGS/ NEFT, cash, cheque (number)(iii) Name of the transferee bank, if the payment is made through clearing/ inter-branch transaction/ RTGS/ NEFT

b. Payment to ‘self’ (i) Indicate “Self” as payee(ii) Name of the ATM/ branch if the payment is made by ATM/ another branch

c. Issuance of drafts/ pay orders/ any other payment instrument

(i) Name of the payee (in brief/ acronym)(ii) Name of the drawee bank/ branch/ service branch

d. Bank charges (i) Nature of the charges – fee/ commission/ fine/ penalty etc.

(ii) Reasons for the charges, in brief – e.g. return of cheque (number), commission/ fee on draft issued/ remittance (draft number), cheque collection charge (number), issuance of cheque book, SMS alerts, ATM fees, additional cash withdrawals, etc.

e. Reversal of wrong credits (i) Date of the original credit entry reversed(ii) Reasons for reversal, in brief

f. Recovery of instalments of a loan/ interest on loan

(i) Loan account number(ii) Name of the Loan account holder

g. Creation of fixed deposit/ recurring deposit

(i) Fixed Deposit/ Recurring Deposit Account/ Receipt number(ii) Name of the Fixed Deposit/ Recurring Deposit Account holder

h. Transactions at POS (i) Transaction date, time and identification number(ii) Location of the POS

i. Any other (i) Provide adequate details on the same lines as mentioned above.

Note: In case of single debit in account with multiple credits, the payee name/ account number/ branch/ bank shall not be recorded. However, the fact of “multiple payees” will be indicated.

II. Credit Entries

a. Cash deposit (i) Indicate that it is a “cash deposit”(ii) Name of the depositor – self/ third party

b. Receipt from third parties (i) Name of the remitter/ transferor(ii) Mode – Transfer, inter-branch, RTGS/ NEFT, cash, etc.(iii) Name of the transferor bank, if the payment is received through inter-branch transaction, RTGS/ NEFT

c. Proceeds of clearing/ collection/ draft etc. paid

(i) Name of the draft issuing bank(ii) Date and number of the cheque/ draft

d. Reversal of wrong debits (including charges)

(i) Date of the original debit entry reversed(ii) Reasons for reversal, in brief

e. Interest on deposits (i) Mention if it is interest paid on the Savings Account/ Fixed Deposit(ii) Mention the respective Fixed Deposit Account/ Receipt Number if it is interest paid on Fixed Deposit(s)

f. Maturity proceeds of fixed deposit/ recurring deposit

(i) Name of the Fixed Deposit/ Recurring Deposit holder(ii) Fixed Deposit/ Recurring Deposit account/ receipt number(iii) Date of maturity

g. Loan proceeds (i) Loan account number

h. Any other (i) Provide adequate details

3)(June 5, 2017

Camp: MumbaiTOALL UNITS / STATE COMMITTEESComrades,

WAGE REVISION – SECOND ROUNDEXCHANGE OF CHARTER OF DEMANDS.As you aware that the owners are anxious to settle the wage revision which is due from 1.11.2017, and to achieve this goal there were communications to the Bank managements time and again. Prior to Nationwide strike exclusively by Bankmen on 28th Feb, 2017, officers’ organisations had submitted the broad summary on 20/02/2017 to IBA. Following the submission, at Chennai, on 19th April, 2017, a meeting was held, in which, Com.Alok Khare, Com. M.A.Srinivasan, Com. V.Ramabhadran , Com.G.Gunasekaran and the undersigned participated in the exercise. It was the past practice to submit the Charter of demands of officers and workmen together, but, on 2nd May, 2017, it was not possible.In the meanwhile, to fine tune the COD, once again, a meeting was held on 1/06/2017 at INBOC office at MUMBAI, in which Com. Alok Khare, Com. V.Viswanathan and the undersigned participated.

IBA has invited the negotiating unions for a discussion today at IBA office to take the wage talks further. Chairman of the IBA Negotiating Team, Shri.R.K.Thakkar, (UCO) Smt. Usha Ananthasubramanian, (Allahabad Bank), Shri.Prashant Kumar (SBI), Shri.V.G.Kannan, CEO IBA, Shri.Rajkumar Dy.CEO, Shri.K.S.Chauhan Vice President HR & IR, besides the members of HR Dept of IBA. CEO, IBA initiated the proceedings of the meeting and handed over the forum to Chairman, Negotiating Team, for taking the discussion further.

After the exchange of the CODs by Officers and Workmen organisations with IBA and the IBA handing their list of demands, Chairman Negotiating team expressed that the time line mentioned in the earlier meeting should be kept in mind, present health of Industry and also the negotiations for officers shall be restricted upto Scale III. He further placed the periodicity of meeting will be every month. While supplementing the views of IBA, Smt. Usha Ananthasubramanian, emphasised that there should be a forward movement at the conclusion of the every meeting.

Reacting to the observations made, representatives have expressed that the expectations of the workforce should be fully addressed, de-stressing of the workforce should be carried out, health of the industry is not on account of the wage cost, negotiations cannot be restricted upto Scale III, residual issues of last wage revision exercise to be resolved viz., Regulated working hours, Discipline and Appeal Regulations, Accountability Policy, 5 days a week, issues of retirees- record note, officer representatives in the Banks’ boards, comparison of wages with Pay commission, unilateral introduction of service condition by a bank, Number of representatives to be allowed to participate in the negotiation, protection from cyber-crime, and problems encountered by the employees in the Insurance backed hospitalisation scheme etc. The meeting lasted for nearly an hour. The representative of the Officers’ organisations have handed over a letter addressed to Chairman IBA pertaining to the restriction stipulated by IBA.

MANAGEMENT ISSUES:

[1] C2C concept to be brought in; [2] Rationalisation of Special Pay carrying posts. [3] Review of the two graduation increments; [4] Transfer and deployment of workmen staff; [5] Simultaneous conduct of departmental and judicial proceedings for workmen; [6] Conducting the departmental proceedings after retirement of workmen; [7] Premature retirement of workmen; [8] Outsourcing of any activity within the RBI guidelines; [9] Review of the automatic movement of officers from Scale I to II and also Scale II to III ; [10] To mark lien on NPS fund of employees to recover loss to the Bank on account of their proved misconduct.

UFBU meet-Post discussion with IBA: Subsequently, the representatives of nine unions met and discussed the issues confronting the Industry as well as the collective approach on the wage revision. The meeting lasted for nearly 90 minutes with the decision to meet on a mutually convenient day for a detailed discussion to chalk out the future course of action to “Save the Banking Industry” and also “halt the attacks on jobs and job Security”.Awaiting for the forward movement for a collective, consensus and also achievable plan of action.

Yours Comradely, /S.NAGARAJAN/ GENERAL SECRETARY Source: http://www.aiboa.org/

4)Subject: : JAMMU to VAISHNODEVI KATRA STATION, INDIAN RAILWAYS, INDIAN ENGINEERS, A MARVEL

Dear Kishore, Thanks. It is truly a marvel-----. Love----- Chidambar--------------------------------------------

5)Respected Sir,Thanks for the mail.I take the opportunity to share this pic on FB

Regards--------A K Goswami

6) I DIFFER IN SOME MATTERS ONE FOR EXAMPLE BOARD IF THE EXTENSION OF THE GOI AND IN CASE THE BOARD IS MADE SO WEAK THEN THE WHOLE WORKING OF THE LIC WOULD CRIPPLE. SO MANY BENEFITS GIVEN BY THE BOARD TO ITS EMPLOYEES SUCH AS GOLD COIN, MID DAY MEALS, RATES OF DA/DR AND SO ON ARE THE

DECISIONS OF THE BOARD AND NO NOTIFICATION HAS BEEN ISSUED IN THIS CONNECTION. I HAD TAKEN THIS PLEA IN MY WRIT PETITION AND BEFORE THE HC AND SC I HAD GIVEN THE RULINGS OF THE SC IN MANY CASES THAT THE GOVERNMENT CAN MAKE RULES AND IT CANNOT INTERFERE IN THE POLICY DECISIONS AND DAY TO DAY WORK OF A BOARD. AND THAT HAD PREVAILED ON THE COURTS BELOW.  SCRAPPING THE POWER OF THE BOARD WILL HAMPER THE WORKING OF LIC WHICH NONE OF THE ADVOCATES HAD EVER PONDERED OVER. THE PENSION RULES ARE SELF CONTAINED

AND THE NOTIFICATIONS FOR SUBSTITUTION OF THE REVISED PAY SCALES ARE ISSUED UNDER THE LIC PAY SCALE RULES, THEN THERE IS NO NEED OF ANY FURTHER INSTRUCTIONS. IF THAT THING BE TAKEN TO BE CORRECT THEN ALL THE DR REVISION CIRCULARS WHICH HAVE BEEN ISSUED BY THE CHAIRMAN WILL HAVE TO GO, BECAUSE CHAIRMAN IS NOTHING BUT A MEMBER OF THE BOARD. IN ABSENCE ANY NOTIFICATION IN THIS REGARD YOUR DR CANNOT BE REVISED HLY. I HAVE TAKEN THIS PLEA IN MY WRIT PETITION BUT ALSO THE PLEADINGS IN THE SC, BUT SINCE REVIEW PETITION WAS NOT FILED AGAINST THE SC JUDGMENT OF 31/3/15 THIS WILL ALWAYS COME IN OUR WAY AND THIS CANNOT BE CHALLENGED NOW AND AS SUCH HAS ATTAINED FINALITY. PL EXAMINE THIS ASPECT. OTHER ASPECTS WILL BE REPLIED SHORTLY.--------KML ASTHANA

7)It is very difficult to break the stalemate on the pension issue. In the LIC pension.rules as notified by the ministry,it is clear that there is no statutory provision for periodic pension revision except enabling clause for release of Dearness relief every six months. Even for central staff, revision of pension is not automatic on every pay revision or a part of pension service conditions.Pension revision hinges on the recommendations of pay commission and require subsequently to be cleared by ministerial group before issuance of office memorandum for implementation. Govt on its part has to obtain parliamentary approval by way of budgetary support to give effect to proposed revision to cover the additional burden as it is paid out of consolidated fund of India.Lic which has limited space for financial autonomy has stirred hornets nest by raising false hopes in employees mind by way of board resolution favouring upgradation..All stake holders on this issue as a whole have already adequately exhausted judicial avenue and  Judiciary on its part have extensively dealt with article 14,&21while examining our claim for equity on par with allied institutions.

Even if we engage eminent legal luminaries to fight this case by  appeal ,it is doubtful we get favourable results.  .Is it worth pursuing involving huge legal cost and whether judiciary will adjudicate again on this issue that has no statutory backing or force of law. At best all unions can come on single platform to take the fight to the highest level of govt using all available political clout also to seek  justice and fair deal for the  discriminated class of  pensioners ,.For .LIC, national mother cow that has been used by the govt for various dev / infrastructure activities involving huge LIC funds and till

recently in railways too for modernisation ,the demand of pension revision  by retired staff won't make any dent on its financial health. The fact always remains that these employees at last stage of life made enormous contribution to the growth of LiC ,being what it is Today-------------H K AGGARWAL Canada

8)Dear Shri LSR,Thank you for the valid inputs given

Let us start working on the SLP to SC. We are also working out the finances required for this. 

Sincerely Yours ---------G Krishnaswamy,,GS AIRIEF

9) Dear Shri Aggarwal, With due regards to our pleadings so far before various Courts, my views are as under:1. Accepting or rejecting the Resolution of the LIC Board is the discretion of the Government.No Court can give a direction for accepting or rejecting the same.2. Resolution can be a supporting argument for the implementation of its contents and not a law by itself.3. Revision of Pension and updation to ensure parity of Pension between those retiring before and after the cutoff dates is legally enforceable under Article 14 of the Constitution.Courts can adjudicate on the same to set aside the discrimination thereof.

Thanks Dear Sh Harchandan Singh. Let's pray LIC pensioners get full justice which seems  difficult unless rules  are framed/amended by GOI to provide Revision of Pension also on every pay revision of existing employees. With best wishes and regards.

Secondly the Courts have all the powers to set aside whole or any part of any Rule of the Govt. or an Act of Parliament if the same are violative of the Constitution or the settled law by the Apex Court. Thirdly there are numerous instances where in the Apex Court has directed the Government to amend the Rules and Acts of Parliament remove the illegal parts thereof and to bring them in conformity with the Constitution and / or that of the settled law.

Yes sir fully agree with the above views. Today what we should seek is " SUPREME COURT to direct GOI to amend Pension Rules to provide Revision of Pension also on every pay Revision of existing employees.": As such we have to urge upon the Supreme Court to declare as illegal the provision that the Basic Pension shall remain static; And2. To direct the LIC & the Govt. to amend the LIC Pension Rules and LIC Act to remove these and other illegal parts thereof.3. To direct the LIC & the Govt. to revise the Pension of those who retired before the cutoff dates and to fix the same at par with those who retired after the cutoff dates.--------------- Jagjit Kaur

10)Hope all Associations will move in the right direction unitedly and homogeneously.------------Lsr Krishna Rao

11c)) 17 year itch& legal battle To: G CHIDAMBAR <g_chidambar@yahoo.com>

1)Yes absolutely trueThat is the fate of pensioners

Indeed a tortuous legal battle for 17 long years for LIC Employees of all cadres

2)We are in IV Pay Commn modeGovt has gone a step further Committee appointed improved upon 7th PC fiat  granted 2.57 times

pension of 6th PC believe me as against usual fitment in the cadre entry level Basic pay ,allowed Stage to stage by which Pensioners gain the number of increments they got in their cadreOur Regular Pension is lower than Govt Family pension

Govt Pensioners get value added pension from age 80 to 100, 20 to 100percent rise every 5 yrs3)Our Pension upgradation from 1/8/97 or DORetirement whichever is later needs Rs181 Cr per annum, Whereas Govt Pension bill will cross GovtSalary. bill after 2018 !!??

Babus are Babus they can get anything done& deny anything to Service Financial Sectors real engines of growth LIC Chairman paid tribute for sterling growth of LIC mentioned Pensioners as FoundersBut MOF is MOFDiamond Jubilee Year ends by Sep 2017,3 months to go, No indication of any GIFT to Employees & Pensioners

4)CG, SG, Railways, Defence,OROP,Judicial Officers, University College teachers,PSUs even loss making PSUs get PUpgradation but NOT Insce  Bank Employees

Pay as u go means Govt has eternal Akshya Patra,can divert taxes,swindle revenue,grant any & every pension benefit to their servants !When LIC never goes with a begging bowl to Govt , LICpensioners will be denied PU by same hand which graciously grants Bonanza to its own men right & left.

5) how much, Sorry how little Retirement benefits u got as MD,SirNow Gratuity is stepped up to Rs 10 lacs mind boggling& believe me when DA goes up by 50 per cent ,Gratuity will be stepped up by 25 per centHow nicely Babus build automatic built in privileges so shrewd is anybodys guessWe are Lilliputians before Govt Brobdignanians

6)We can write a Thesis on this long journey & utter Discrimination & Monstrous Anamolies uncalled for  ,a SLAP on JUSTICE & EQUALITYKarl Marx Thesis,Antithesis & Synthesis we are awareWe have crossed Thesis & AntithesisSynthesis is yet to comeSC reopens on 4th July 2017 after long vacation

7)Soft option quote says   What cannot be CURED must be ENDUREDPensioners have chosen the Hard optionWhat cannot be ENDURED must be CURED

In this mighty task, we need ur greetings & blessings

In all humility, we all pray that tilted justice of DHC will be rightfully rebalanced by the APEX SC & Pensioners will regain the  deserved blessed land of Full DR &PU with every wage revision

Greetings  & respectful regards,------RBKISHORE ,VP, AIRIEF

11 b)-Dear Kishore,  But where is the money to withdraw ? I thought the Retd. Officers> are engaged in a 17 year struggle to get a higher pensions ?

Love Chidambar--------------------- ---------------------

11 a) Dear Powar, This has reference to the telephonic talk on the captioned subject I  had with your goodself today itself.  As weunderstand in our West Bengal state,  our Bank is refusing to make cash payment below Rs. 25,000/- by cheque or withdrawal slip. Rather they are insisting to transact the same through ATM.  You are well aware that so many retirees are there who will not be able to transact through ATM and moreover in remote villages there is no ATM also. Would you please take up the issue with our Central OfficeManagement so that the problem can be mitigated/solved.

With regards, Yours faithfully--- (Md. Abdus Salam) General Secretary

12) 1.    I feel that the following aspects are to be taken care of, while preparing our

              submissions and arguments in the Supreme Court.

2.             When it is a matter of the pensioners of LIC ,whether it  be rationalization neutralisation of DA/DR formula or updation of pension , so many law books, so many case laws and so many acts and rules are deciphered, to establish constitutional validities to favour our demands, but if it were to  be somebody else , there is no need to find out a rule or rhyme. That is the present state of affairs we are facing.

   3.             Having understood the pros and cons of our cases in detail, including 

              the adamant and stepmotherly attitude of MOF and LIC, and having  felt that the Corporation and the GOI were not gracious enough to recognise the services rendered by the pensioners  and in spite of some other similar aspects, Justice Dipak Misra could not be convinced  and we could not come up to his expectations in showing legal evidence in black and white in support of our demands.All the concerned are least bothered to respond to the present trends , conventions and precedences that are taking place around us.Whereas the    inservice employees are favoured with revision of payscales every five years to meet the

present day standards of life, how it is justifiable to restrict the pensioners   to lead their existence with a paltry pension fixed long back.

4.           At this juncture,and in view of what has been stated above, there is no other go for

              us than to fall back on RULE 56 of LIC pension rules 1995.Rule 56 was purposefully

              incorporated in the pension rules to help us  to rely on CCS pension rules, when thereis

              no express provision or clarity in our pension rules in respect of benefits relating to pension Ofcourse the DHC drew alot of funny conclusions to defeat us armless of Rule 56.

I am sure its biassed inferences drawn on Rule 56 wont stand the test of justice in

              the Supreme court.

       5.              We are all aware that GOI is  enthusiastic to implement the recommendations of 7th CPC in respect of revision of pension to CCS pensioners.In this connection I would request you to understand an important aspect that the  GOI wantonly made it very clear in its memorandum that the proposed revision 

DO NOT APPLY TO STATUTORY BODIES LIKE LIC OF INDIA.Generally such a mention

 is not warranted.No doubt, this is a clear example of the ulterior intention of MOF

               (anticipating our insistence on the   implementation of Rule 56) in continuation

               of the DHC judjement to make Rule 56  futile and ineffective.So we have to fight

               In the SC and establish the scope, legality,validity and applicability of Rule 56.

       6.              At the time of the introduction of LIC(E) pension scheme in1995,there was

                no provision with regard to the revision of pension in the CCS pension rules for

                its pensioners.But when the pension was revised for CCS pensioners with effect

                from 1-1-1996 by a memorandum, there was no mention of its applicability to

                statutory bodies like LIC or otherwise.

        7.             Last but not the least, I would like to make another proposition.We are all

                senior citizens and septuagenerion pensioners and good number of us

                are eighty plus.We are not able to bear  the monotony of the prolonged litigation

                and also not able to bear the cost of  financial burden to go round the courts,

                after meeting the personal and family  expenditure, with the paltry pension

                fixed long back and not having a revision to live upto the expectations

                of present day standards.BETTER WE MAKE AN APPEAL TO THE MOF,

                PRIME MINISTER ,PRESIDENT as well    the JUDICIARY ,exposing

                the stepmotherly attitude meted to the pensioners of LIC, with a request

                to provide us the deserved justice and give us top priority in disposing

                of our cases with minimum number of adjournments considering our 

                ages and consequential ageold   problems and not to put us to

                further hardships. COURTS WANT THE CLIENTS TO   SHOW THE RULES IN

BLACK AND WHITE.IT IS EVIDENT IN RULE 56.

---------- S.PARDHA SARADHY.,President.AIRIEF.,  MACHILIPATNAM UNIT

13)cnamdev: from 7th cpc ready reckoner, one can find from table one to thirty three wages were stagnant till" 86 and real wages and pensions had doubled during 30 years which is denied to lic pensioners. that is the problem to be solved.

14) RULE 35 of LIC Pension Rules 1995

Referring to  the post of Shri Katara Satyanarayana, the position under   LIC Pension Rules 1995 is as follows:

Rule 35 reads,(1) In respect of employees who retired between the 1st day of January, 1986 but before the 31st day of July, 1987, basic pension and additional pension will be updated as per the formula given in Appendix-III. Rule  35,1 & Appendix III seems to have been inserted at the time of notification  of the Pension Rules in order to have one generation of pensioners retired before 1/8/1992(or 1/4/1993 in case of Class I officers) at the rate of DR  applicable under paragraph 1 of Appendix IV.No doubt  the basic  pension was 'updated'  and not upgraded in the true sense for two reasons.:

1)The notional increase suggested in para 1 of Appendix III was only to determine the  applicable DR to be merged  ,which was again subject to a ceiling and revised basic pension was worked out  to take effect from 1/11/1993 after merger with average emoluments for the last 10 months of service.2)There is no element of weightage in the process which is essential for any upgradation.3)There was no adequate neutralisation of DR at the time of merger of the amount calculated as per paragraph 1 of Appendix III.

So, my view is that we better not take it as an example of upgradation on 1/8/1987.

Again ,Rule 56 of our Pension Rules reads as follows:

" Residuary provisions - Matters relating to pension and other benefits in respect of which no express provision has been made in these rules shall be governed by the corresponding provisions contained in the Central Civil Services (Pension) Rules, 1972 or the Central Civil Services (Commutation of Pension) Rules, 1981 applicable for central government employees"..

The provisions in LIC pension rules are more pensioner-friendly in the sense  there is no need for prior permission of the GOI.The PS Bank pension Rule 56 makes it as a precondition.

15)Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring agreement absolves them of all liability.

This bitter truth was disclosed in an RTI response by the Reserve Bank of India (RBI) and 19 PSU banks.

Stung by the revelation, the lawyer who had sought information under the transparency law has now moved the Competition Commission of India (CCI) alleging “cartelisation” and “anti-competitive practices” by the banks in respect of the locker service.

Read: Banking on safe deposit lockers Safety is bank's liability

He has informed the CCI that the RTI response from the RBI has said it has not issued any specific direction in this regard or prescribed any parameters to assess the loss suffered by a customer.

Even under the RTI response, all public sectors banks have washed their hands off any responsibility.According to the information availed by the lawyer, the unanimous reason given by the 19 banks, including Bank of India, Oriental Bank of Commerce, Punjab National Bank, UCO and Canara, among others, is that “the relationship they have with customers with regard to lockers is that of lessee (landlord) and lessor (tenant)”.

The banks have contended that in such a relationship, the lessor is responsible for his or her valuables kept in the locker which is owned by the bank.

Some banks, in their locker hiring agreements, have made it clear that any item stored in the locker is at the customer’s own risk and he or she may, in their own interest, insure the valuables.

The common feature of all locker hiring agreements states, “As per safe deposit memorandum of hiring locker, the bank will not be responsible for any loss or damage of the contents kept in the safe deposit vault as a result of any act of war or civil disorder or theft or burglary and the contents will be kept by the hirer at his or her sole risk and responsibility.

“While the bank will exercise all such normal precautions, it does not accept any liability or responsibility for any loss or damage whatsoever sustained to items deposited with it.

Accordingly, hirers are advised in their own interest to insure any item of value deposited in a safe deposit locker in the bank,” they have said.

Aggrieved by the responses, the lawyer—Kush Kalra—raised questions before the CCI—why not just keep the valuables at home after insuring them, instead of paying rent to the bank for a locker when it is not going to take any responsibility for the contents.

He alleged that all these banks, also including the State Bank of India, Indian Overseas Bank, Syndicate Bank, Allahabad Bank and others have formed a “cartel” to indulge in such “anti-competitive” practices.

He further alleged that the banks by forming an association or cartel are “trying to limit the improvement of services which is directly affecting the competition in the market and interests of the consumer”.

The lawyer has sought a probe under the Competition Act into the allegation of cartelisation by the banks in respect of the locker service. PTI

16) Updated: NEW DELHI: Aadhaar is not a valid identification document for Indians travelling to Nepal and Bhutan, the Union home ministry has said.

Indians can travel to Nepal and Bhutan--both countries for which they don't need visas--if they possess a valid national passport or election ID card issued by theElection Commission.

Moreover, to ease travel, persons over 65 and below 15 years can show documents with photographs to confirm their age and identity. These include PAN card, driving licence, Central Government Health Service (CGHS) card and ration card but not Aadhaar. 

"Aadhaar (UID) card is not an acceptable travel document for travel to Nepal/Bhutan," a communique issued by the ministry said.

The advisory assumes significance as Aadhaar is mandatory for a host of things, including government subsidies on LPG and other social welfare schemes.

The Aadhaar card, which has a 12-digit unique identification number and personal details like name and address, acts as a proof of identification and residence.

Indians entering Bhutan by road are required to obtain an 'Entry Permit' on the basis of a valid travel document from the immigration office of Royal Government of Bhutan at Phuentsholing, located on the Indo-Bhutan border opposite Jaigaon, West Bengal.

The border with Nepal is an open one with people who enter the country needing to show any valid identity card.

Nepal shares borders with five Indian states--Sikkim, West Bengal, Bihar, Uttar Pradesh and Uttarakhand. Around six lakh Indians are living or domiciled in Nepal.

Bhutan, which shares borders with Sikkim, Assam, Arunachal Pradesh and West Bengal, has about 60,000 Indian nationals, employed mostly in the hydroelectric power and construction industry. In addition, between 8,000 and 10,000 daily workers enter and exit Bhutan everyday in border towns.

In another development, Indians flying abroad will not be required to fill departure cards from next month.

However, those going out of the country via rail, seaport and land immigration checkposts will have to fill the embarkation card.

"It has been decided to discontinue the practice of filling up of the departure card by Indians at all international airports with effect from July 1, 2017," an order issued by the home ministry said.

The move is aimed at ensuring hassle-free movement of Indians going abroad.

At present, those going abroad need to fill in details such as name, date of birth, passport number, address in India, flight number and date of boarding in the departure card.

17)In a major drive against “money laundering and tax evasion through multiple bank accounts”, the Centre today made quoting of the Aadhaar number mandatory for opening a bank account as well as for any financial transaction of Rs 50,000 and above. The existing accounts would also have to be linked to Aadhaar by December 31, failing which the account would cease to be operational.

The notification amending the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, mandates quoting of the Aadhaar number along with PAN or Form 60 by individuals, companies and partnership firms for all financial transactions of Rs 50,000 or above. The Union Budget for 2017 had already put in place mandatory linking of Aadhaar number with Permanent Account Number (PAN) to avoid individuals using multiple PANs to evade taxes. Plugging the leaks in opening of small bank accounts, which can be done without having officially valid KYC documents, the amendment said such accounts that can have a maximum deposit of Rs 50,000 could be opened only at bank branches with core-banking solution. It could also be opened at a branch where it is possible to manually monitor and ensure that foreign remittance is not credited and stipulated limits on the monthly and annual aggregate of transactions and balance are not breached. Such small bank accounts shall be operational for 12 months and thereafter for a similar period if the holder shows the application for valid identification papers. — TNS

18)The CBDT  made it clear that Aadhaar will be a "must" for filing of Income Tax Returns or for obtaining a new PAN from July 1.

The policy-making body of the Income Tax Department issued a statement stating that the Supreme Court yesterday had only given a "partial relief" to those who do not have an Aadhaar or an Aadhaar enrolment ID, and the taxman, hence, will not "cancel" their Permanent Account Number (PAN).

The Central Board of Direct Taxes (CBDT) issued a three- point "effect of the judgement" of the apex court statement saying:

►From July 1, 2017 onwards every person eligible to obtain Aadhaar must quote their Aadhaar number or their Aadhaar enrolment ID number for filing of income tax returns as well as for applications for PAN.

"Everyone who has been allotted permanent account number as on the 1st day of July, 2017, and who has aadhaar number or is eligible to obtain Aadhaar number, shall intimate his Aadhaar number to income tax authorities for the purpose of linking PAN with Aadhaar," it said.

►It explained what will happen in a case of "non- compliance" or where a person does not possess Aadhaar.

"Only a partial relief by the Court (SC) has been given to those who do not have Aadhaar and who do not wish to obtain Aadhaar for the time being, that their PAN will not be cancelled so that other consequences under the Income Tax Act for failing to quote PAN may not arise," the CBDT said.

►If the PAN is cancelled, then a person cannot do his normal banking and financial operations and hence this relief is given. But, it has been made clear that for filing of ITR or to obtain a new PAN, Aadhaar will be mandatory from July 1, a senior I-T official explained.

Senior officials said the apex court's order given yesterday was "studied" by a high-level team of authorities from the Law Ministry, Finance Ministry, CBDT and the Income Tax Department after which this clarification has been issued.

19)The Income Tax Department has made it easy for taxpayers to link their PAN with Aadhaar.

It was reported that taxpayers were finding it difficult as their names did not match in both systems (Eg. Names with initials in one and expanded initials in another). Responding to such grievances,the Dept has come out with a simple solution now.

Just go to www.incometaxindiaefiling.gov. in and click on the link on the left pane -> Link Aadhaar. Provide PAN, Aadhaar no. and ENTER NAME EXACTLY AS GIVEN IN AADHAAR CARD (avoid spelling mistakes) and submit. After verification from UIDAI, the linking will be confirmed.

In case of any minor mismatch in Aadhaar name provided by you when compared to the actual data in Aadhaar, One Time Password (Aadhaar OTP) will be sent to the mobile registered with Aadhaar which has to be provided. Please ensure that the date of birth and gender in PAN and Aadhaar are exactly same. There is no need to login or be registered on E-filing website. This facility can be used by anyone to link their Aadhaar with PAN.

In a rare case where Aadhaar name is completely different from name in PAN, then the linking will fail and taxpayer will be prompted to change the name in either Aadhaar or in PAN database.

To update your PAN details please contact NSDL https://www.onlineservices. nsdl.com/paam/ endUserRegisterContact.html or To update your Aadhaar card details please contact UIDAI at https://ssup.uidai.gov.in/web/ guest/update

This facility is also available after login. Go to Profile settings and choose Aadhaar linking. The details as per PAN are pre-populated. Enter Aadhaar no. and ENTER NAME EXACTLY AS GIVEN IN AADHAAR CARD (avoid spelling mistakes) and submit.

Please use the simplified process to complete the linking of Aadhaar with PAN asap. This will be useful for E-Verification of Income Tax returns using Aadhaar OTP.

E-Filing team

20)The Chief General Manager-in-Charge,Human Resource Management Department,Central OfficeMumbai. Respected Sir, Resolutions-   AIRBREA Conference :RBI We attach herewith under noted 10 resolutions passed unanimously in our Conference during 19th to 21st May 2017 at Mumbai. 

1)Resolution on Bank's Holiday Home

2)Resolution on Dental Treatment, Spectacles, Hearing Aids

3)Resolution on Increase in Basic pension on attaining 80 years Age & above

4)Resolution on MAF SCheme etc.

5)Resolution on Monthly Medical Allowance

6)Resolution on opening fresh pension option

7)Resolution on Recognition to AIRBREA & its Units

8)Pension Calculation based on the Last Pay

9)Resolution on Travel Concessions to retirees

10)Resolution on Updation of Pension

We shall be glad if you will please accept our demands in above stated 10 Resolutions and give justice to our retired community  on long pending genuine issues. 

With kind regards , Yours faithfully, -- (Parab L R),General Secretary  

21).Dear Shri CS Murty, Please note that wages of DOs were revised as under:-

1. 17.09.1986 wef 01.04.1986

2. 07.11.1989 wef 01.04.19893. 18.07.1996 wef 01.04.1995-4. 22.06.2000 wef 01.08.1997 Hence DOs do not come under M C JAIN case.

With regards,----------R K SAHNI

22)From: Colinjivadi Mahadevan <chmahadevan@gmail.com>Subject: Review Petition filed at DHC To: Bhalerao S K <bhalerao12@gmail.com>

DEAR ALL,Please find attached the  post sent by Shri M Sreenivasa Murty  to the pensioners' blogs,for your information.

Once the Review Petition is filed today even  if at least  one of our prayers ,viz, the  correction suggested by us in the DR formula under paragraph 1, is granted by the DHC,it must result in higher DR and consequently higher amount of arrears and higher monthly revise gross pension  for  retired Class I Officers in the Basic Pension Range of 2001 to 2400 in addition to  partial relief already granted in the judgment dated 27/4/2017.

Whatever may be the decision of DHC on other prayers,the points raised will have a  crucial bearing on the points that will be made by our SLP in the Supreme Court.

Greetings.--------C H Mahadevan.

Virus-free. www.avast.com

MSM-Review Petition at DHC dt 27 5 2017. .pdf

533.1kB

23) LIC GROUP FamilyFloater MEDICLAIM POLICY 2017-18

ANNEXURE IIILIMITATION OF 24HRS HOSPITALISATION NOT APPLICABLE SURGERIES/PROCEDURES

Click here to Read & download /Print

24)LIC GROUP Flexi Floater MEDICLAIM POLICY 2017-18

CLAUSE (C) DIAGNOSTIC TESTS 

Click here to read & download

25) LIC CO Circular-157 dated 09-06-2017

RE:PAYMENT OF INTEREST ON TERMINAL DUES TO EMPLOYEES  GOVERNED BY LIC OF INDIA(EMPLOYEES ) PENSION RULES, 1995

LIC CO CIRCULAR 157 DATED 09.06.2017-click here to read

26)Payment of (i) Full Pension instead of 2/3rd and (i) Gratuity to compulsorily retired Employees

We forward herewith soft copies of the two recent judgments by Patna High Court in favor of a compulsorily retired Officer of Indian Bank. The judgments contain few important citations of the judgment by the Supreme Court and hence carry more weight.

These two judgments are made available to us by Shri J.P.Shah, RTI & Consumer Activist Member of our Association residing at Baroda in Gujarat.

Compulsorily retired employees deprived of these benefits may be guided to think for resorting to legal reme ---- -B.G.Raithatha, General Secretary,UBREA

Shri Rajesh Mankad, Advocate, Gujarat High Court, Ahmedabad ((E-mail < r.mankad@rediffmail.com >    (Phone: 98254-11204)

I am suggesting some of our compulsorily retired Officers to consult you for your advice to file similar petitions in Gujarat High Court.---BGRaithatha

27) LIC ON LINE RENEWAL PREMIUM PAYMENT APP NO NEED OF REGISTRATION

CLICK HERE TO PAY PREMIUM

28)

29)

30)Final Option to LIC Employees who have not opted for pension :EDPer LIC CO Letter to JS,GOI,MOF,DFS,New Delhi

31)From: Colinjivadi Mahadevan <chmahadevan@gmail.com>Subject: Letter dt 4/7/2014 from Mr S K Roy,(then) Chairman to JS,DFS on final option for PensionDear All,

Please find attached  a copy of the above letter obtained by an employee under RTI Act and also an extract from the said letter prepared by me giving out salient points  therefrom  for the information of all pensioner friends.

While all the  points made out in the cited letter are quite valid  for one more option for pension for  the 14000 plus employees,all these points also happen to be very favourable for a positive consideration of upgradation of pension.

But what is intriguing is the diametrically opposite stand taken by LIC in the Delhi High Court which has the potential of also  defeating the strong case of one more final option for pension for in-service non optees.

Let us hope that this  new material gets  effectively  brought to the notice of the DHC/Supreme Court in our actions on way.

Greetings.--------C H Mahadevan 

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Download all 2 attachments

LIC Final option-SK Roy Chairman LETTER 4-7-2014 TO DFS .pdf

835.6kB

Extract from Mr S K Roy;s letter of 4 7 2014 .docx

1.2MB

32) : LEVY OF GOODS & SERVICES TAX (GST)on Insurance : Implications 

1)Look at the Sumptuous crores of Rs Govt will be able to secure on VARIOUS COUNTS mentioned in LIC CO F & A Circular

Let alone NB Premium which itself, difference between old & new rates will yield to Govt sizeable Revenue 3.75% to 4.5% ie 0.75% rise

Coming to  Renewal Premium, rate 1.875% to 2.250 % ie 0.375% rise,biggest in Volumes & a Kamadhenu for LIC itself,the impact of Revenues to Govt will be the LARGEST RISE & YIELD & will boost Govt Income in a fabulous manner.

Single Premium of Annuity products 1.50% to 1.80% ie 0.30% will be a good gainer for Govt

There are also other miscellenaeous items on which also tax rise is there & will  net a decent spurt in Govt incomeI request Sri RKSahni to work out the app Yield for Govt on these new GST announcements ,taking into account latest LIC Statistics  to get a fair & correct idea in quantifiable terms & INCLUDE in our SLP to SC  

It must also be stated that Govt has listed some exemptions under GST too,like VPBYojana, PMs Vaya Vanadan Yojana ,which is a good index  

Not much incisive interpretation has come from LIC, Field Force Agents & Development Officers & critics & analysts

2)**Govt wanted to eat the cake & have it too, when earlier it proposed to increase LIC Valuation Surplus dividend to Govt to be raised from 5 --10% but ultimately wisdom prevailed & it resorted to status quo of 5 % only

*** Govt is stubborn & against Financial & Service Sector, determined not to grant Pension Upgradation, even after copious Notes, Submissions, Arguments ,Data,Logic ,moderate Outlay, Sterling & Superlative performance ,so consitent for decades in all Ratios & Parameters,knowing full well,OTHERS subscribe to GOVT Pay Commissions bombastic expenditure on DA to employees, DR to Pensioners, Allowances improved & recently allowed with a fabulous expenditure, Pension rise as impreoved OVER 7th PC recommendations with 2.57 % factor inbuilt calculated pension amount 

PLUS value-added pension addition after age 80,NOT ALLOWED to anyother sector,

***NOW wanting to allow Final Pension option to left out employees , a SIZEABLE OUTLAY,compared to outlay on Pension Upgradation, diluting Actuarial assumptions  ,as it pleases the LIC authority in tune with objectives of respective so-called Exercises, but adamant & perverted & obstinate exaggerations for Pension Expenses yearly etc , &

***Forgetting the ALL-PURPOSE & DECISIVE Ratio  on Expenses, all inclusive ,well within Stipulated Ratios by IRDA & this critical determinant must have been given due ultimate importance by DHC Bench, but  DHC ignoring the mighty & untarnished performance of  the mighty Giant, undeclared Navarathna who could comfortably comply with MOST RIGOROUS SOLVENCY MARGIN of IRDA

***That is the paradox created by DHC Judgement,ignoring many crucial factors ,of law, of Constitution, of Fundamental Rights ,of real good quality performance of LIC,receiving many accolades of praise & Awards galore every year,of powerful case laws old,new, latest on PU as the ONLY alternative to rectify & remedy grotesque Anamolies  in pension, 6/7 grades below getting more, DHC with minute analysis laying stress on minuscule differences in DR but ultimately IGNORING FUNDAMENTAL LEGAL PRINCIPLES of EQUITY,EQUALITY & RIGHT ,therefore to END DISCRIMINATION IN TOTALITY & NOT PIECEMEAL,

***also interpreting LIC Pension Rules, 1995 & various Provisions stultifying the correct meaning & import thereof, to the detriment of all pensioners,even ignoring Hon Justice Dipak Misras 31 March 2016 orders to pay  IR in accordance with Rule 3A ,

***LIC Chairmans unqualified Address & analysis of LIC golden performance in Diamond Jubilee Year for LIC 2016-17 & his announcement of 40 % extra Bonus to policyholders & also similar rise in Surplus dividend to Govt as a Capstone ,

3)****What more is required to reinstil reverse ,,impartial ,neutral derivations to quell imperfect conclusions & errors of omission & commission of DHC Bench   & 

,therefore, to rightly earn SC gratitude & blessings on PU causing no damage to LIC Prosperity  & equally no harm to Policyholders interests on bonus or any item of service, whatsoever, & so lift all groups of pensioners from IV Pay Commn mode to near 7th PC ,as we cant reach the moon of CG Pension, because Govt  Family pension is higher than LIC regular pension   

Greetings,-----------RBKISHORE,VP,AIRIEF

33) GST rates etchttp://economictimes.indiatimes.com/markets/stocks/news/look-who-is-going-to-get-hurt-by-gst-they-rule-the-market-but-pay-little-tax/articleshow/59381846.cms

34) GST unifies India’s USD 2 TRILLION Economy, 1.3 billion people, 17 tumultuous years, 500 taxes subsumed in one GST,ONE TAX,ONE MARKET, ONE NATION heraldedhttp://economictimes.indiatimes.com/news/economy/policy/with-gst-india-takes-a-leap-towards-one-nation-one-tax/articleshow/59392336.cms

COLLECTIONS: R.B.KISHORE, VP,AIRIEF, 1/7/2017