Regulation 56: The Missing Link in MC Singla Pension Updation?

Описание: MC Singla Updation Twist: Why Regulation 56 Suddenly Matters
#mcsingla #bank #pension #updation #regulation56

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CHAPTERS
00:00 Intro
00:53 Missing Math Formula
Marvel. Be your own hero!
01:38 Blind Spot
02:44 Section 56
03:29 Lack of Updation Formula
03:44 IBA Sworn Affidavit To SC
04:35 Section 56
04:48 Residual Provision Reg 56
06:59 Stage 1 Bank Officer
07:22 Updation Analysis
08:47 RBI Model Pension Updation
09:09 Legal Bridge
09:31 Shri Ashok Daita Warning
10:25 Why Reg. 56 Matters
13:34 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