CIRCULAR 5

CIRCULAR 4

IS POST BANK A MIRAGE TO POSTAL EMPLOYEE ?

IS POST BANK A MIRAGE TO POSTAL EMPLOYEE ?

POST BANK OF INDIA

Eventhough full details of the proposed Post Bank of India is not made public, it is learnt that

(1) Post Bank will be a public sector Bank under the control of Department of Posts as a subsidiary organization. It will function as a Bank separately, just like any other public sector Banks. All Banking Rules and Regulations will be equally applicable to Post Bank also.

(2) Recruiting personnel for running the Bank will be done in the same manner as being done by public sector Banks. Open market recruitment will be made. Existing Postal Employees will not be considered for appointment in the Post Bank.

(3) The Post office Savings Bank will remain as it is and do business as is being done now. Post Bank will be a separate entity.

(4) Full details are yet to be published.

(M. Krishnan)

General Secretary

UOI SLP against Pre-2006 Pensioners dismissed by Supreme Court.

The Supreme Court has dismissed the SLP (Civil) 23055/2013 filed by Union of India against Delhi High Court judgement in pre-2006 pensioners casein WP 1535/2012 upholding the CAT PB judgement and Delhi High Court judgement. The above SLP came up for hearing on 29/7/2013 and the apex court dismissed the SLP on the same day.

Pensioners will now get arrears w.e.f. 1/1/2006 if their revised pension was fixed at less than 50% percent of the minimum of the pay in the pay band including grade pay thereon in the revised scale corresponding  to the pre-revised pay scale from which the pensioner has retired.

JUDGEMENT :

UPON hearing counsel the Court made the following order :

“We are not inclined to interfere with the order passed by the High Court. Consequently, the special leave petitions are dismissed. However, the petitioners are at liberty to raise all points before the Tribunal as and when the appeal”.