12th Bipartite Settlement in Danger

12th Bipartite Settlement in Danger

On 28.02.2023 Vasant Vankudre of Kolhapur ( Maharastra) has filed a stay petition demanding STAY on initiation of talks of 12th Bipartite settlement unless the residual issues of 11th Bipartite are resolved.

In the subject petition IBA AND CANARA BANK lawyers raised objection that The Hon’ble Court is not having Teritorial Jurisdiction to initiate the petition moreover the petition is filed after so many years since Vankudre has retired in 1997 hence the petition is not in limitation hence it is not maintainable. Wherein the Hon'ble court has given judgement that since Mr Vankudre has been paid pension till last month the pension is maintainable and I have territorial Jurisdiction also for the petition. 

Hence Indian Banks Association and United Forum of Bank Unions could not sign the agreement yesterday due to Stay petition filed in Kolhapur Court by Vankudre. 

By the way IBA AND UFBU are not legal institutions since they are not registered under any prevailing law in India. Still how their dominance is being absorbed by banks is miracle .

IBA AND UFBU are in receipt of Court Summons on 13.02.2023 still UFBU is not present in the case either personally or through lawyer. However they have initiated 12th Bipartite talks long back as per DFS, FINANCE MINISTRY LETTER dt 20.01.23 under no eF.No.4/2/1/2022- IR to SBI AND MD AND CEOs of all public Sector banks and have also signed the MOU on 7.12.23 contempting the orders of the court with the assurance to sign the final agreement within six months.

In line with their word IBA AND UFBU had arranged the meeting on 9.01.24, 11.01.24 and final meeting for signing the 12th Bipartite settlement on 12.01.24. However due to fear of Stay Petition  filed by Vankudre and scheduled to be argued on 18.01.24 they avoided to sign the agreement. After all your inner voice and fear of legal procedures restrict the person who is habitual of behaving against law.

The behavior of IBA AND UFBU by not signing the agreement yesterday in honour of demand of Bank pensioners to pay Pension Updation/revision in line with RBI that to with retrospective effect is adorable. 

It definately can be said that paying Ex Gratia in place of Pension Updation /revision has been given second thought. What retirees are demanding is 

their legal right and not any favor or loaf of bread. They are not beggers at all. 

If they had proceeded further to sign the agreement their existence itself would be in danger.

Pension be paid with periodical updation in RBI line and the spouse should also get the benefit hence Bank Employees created the pension corpus trust fund of their own by surrenderring their PF and today the fund has raised to the tune of 358000+ crores. Still the bank pensioners are not getting the periodic updation / revision in pension for last 29 years.

The pension fund is either misutilised by banks or somebody has eye on the mounting fund.

Due to this suspicion Vasant Vankudre has filed a criminal case on IBA, UFBU ( ALL NINE UNION LEADERS ), CANARA BANK PENSION TRUSTEE,  DFS and the court was pleased to issue ORDER for police investigation and it is in progress with the court order to submit the investigation report on 30.01.24.

During the pendancy  of the case Smt Usha Ananth Subramanium The then IBA  chairman and Chairman of PNB also was twice charge sheeted by CBI in Neerav Modi scam case hence Vankudre booked all the above accused under ORGANISE CRIME ACT 1999 . The Curative petition is still pending in Supreme Court.

It is reliably learnt that IBA is interfering in every Banking activity hence to stop her interference some desperate try is going on.

IBA has forced so many unwanted decisions on Bank Employees and Retiees as well-

1. Restrictions on employees pay

2. Diff parameters for pay and pension

3. Diff pay strata for pay and DA allowance 

4. Diff eligibility for pay and pension 

5. Special allowance and Stagnation increment is not counted for pension.

As such so many unconstitutional decisions are being taken by IBA and are accepted by banks which discrimination is denied totally by Hon'ble Chandrachud in 1982 itself. The Judgement given in D S NSKARA CSSE by him is still treated as Historic and Model Judgement even today.

As per the Judgement PENSION  is a fundamental Right and Pension is property of Retirees as per Article 300A . To deny or delay the right is a crime in itself. Pension is extended Salary offered to retired person to live a dignified life in old age.

It should not be treated as favor .

Ex Gratia offered in place of Updation / revision is nothing but a favor. 

At this age it must not be accepted since pension is our RIGHT.

What Vasant Vankudre is demanding is his legal right it should not be paid nothing less nor nothing more. It was already agreed on 29.10.1993.

The first pension reform under the leadership of Dr Surendra Dave appointed by Late Hon'ble Atalji says treatment given to old people is the litmus test of Government and Governance of the country. 

- Vasant Vankudre 

  Kolhapur 

  13.01.2024