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Sunday, November 21, 2021

IBA CHAIRMAN ABOUT UPDATION of Pension

IBA CHAIRMAN ABOUT UPDATION !!!!!!!!     
DECODING THE REAL MEANING :-                
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IBA Chairman said the follwing :- 
"President of * SBBJ Outgoing Member Institute, Bhilwada * Mr. G K Jain * participated in the Conversation Meeting organised by Mewar Chamber of Commerce and Industry Bhilwara to welcome the President of Indian Bank Association (IBA) Mr. Atul Kumar Goyal. Mr. Jain drew his attention on the matter of pension revision in the Q & A program organized on this occasion. In reply, Mr. Goyal Saheb said that the pension revision of bank pensioners is a very burning matter and it is likely to be done by March 2022 "
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The IBA Chairman has told the following words : 
1) the pension revision of bank pensioners is a very BURNING  matter  
 MY OPINION : Burning matter includes the IBA/DFS also. So it must be receiving  the top most priority right now. 
2 ) He has further told that " there is every possibility of it being done by March, 2022.". 
 MY TAKE ON THAT :  " it being done" may well denote " implementation of Updation ," If so the , announcement of Updation may well be made much before " 31/03/2022". 
3) MY FURTHER VIEW : Now the Central Govt. is fully busy with announcing /launching/inaugurating various developmental/social/populist programmes for the various groups/ states/segments of the society. They would like to do these welfare programs much before the ensuing elections in 5 states during Feb -March 2022. All popular/welfare schemes' announcements should be made well before Feb 2022 for reaping electoral dividends also. Hence I am of the opinion that the Govt. may be announcing the Pension Updation well within the period of December -January and the implementation part may take place by March end 2021. ( Please note that The DFS announced the FPR on 25/08/2021 itself but the implementation has taken in the first and 2nd week of the November 2021 only. Like wise , the Updation Announcement will be made early ).

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