Finance Ministry Orders 13th Bipartite Settlement in 12 Months

Описание: 13th Bipartite: Finance Ministry Sets 12‑Month Completion Deadline
#mcsingla #bank #pension #updation #13thbps #bipartite

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CHAPTERS
00:00 Intro
00:22 13 BPS To Commence
00:57 Regulatory Amendment For Implementation
01:05 Pay Rise Of 15-20%
03:45 MoF Strict 12 Months Limit
03:59 New BPS Mandate
05:14 Summing Up
05:27 MC Singla Updation Comparison
05.56 Outro

Lack of retiree Updation has led to a fixed, often meagre, basic pension that does not keep pace with Year-on-Year inflation or rising medical costs. In one High Court case (Delhi), data showed real time value of retiree's pension without Updation over 20 years, had declined by at least 80%. The M.C. Singla case (SLP(C) No.5561/2016) vs. Union of India/IBA, is the flagship civil case most commonly cited and it’s currently going through the Indian Supreme Court system following multiple adjournments and delays since 2008 (2016 SC)! Violation of Articles 14, 21, 300A and Bank’s Regulation 56, are often cited in court cases.

Who This Is Podcasts For:
1 - Indian Bank Pension Retirees
2 - Indian citizens/families of Bank retirees
3 - Indians in diaspora