Saturday, July 31, 2010

Inflation Exploitaion and Regulators

There is practically no stagnation for central government employees as per last pay commission recommendation and as accepted by government of India. Why is there stagnation for bank employees particularly when bank is not in a position to accommodate so many candidates in higher scale, when there are fewer vacancies?

For none of fault of senior officers they are denied even annual increment.

When banks do not find such senior officers for promotions, bank should not hesitate in accepting resignation of such officers and allow full pension and retirement benefits. Why officers who resign are not allowed pension, leave encashment or refund of accumulated bank's contribution in PF etc. Bank can remove an officer as per its choice but staff cannot leave the job without loosing his rightful terminal benefits.

Officers who have transferred from outside states to North East States were getting so many incentives as per 1984 circular or as guidelines of IBA as prevalent for central government employees working in other sectors in eighties. Why these incentives have not been revised during last 25 years?

Special allowance fixed Rs.1200/ or Rs.1500/ for specified area is common for all staff posted in North East region. What about additional benefits for those who are transferred from other states to North East?

For outsiders, there was a provision of Rs.1500. p.m. in 1984 when Rs.1500/ was a significant amount compared to prevailing scale of pay for officers at that time. Now even that Rs.1500/ (it should be at least 10000 in view of price rise and scale rise during last 25 years) or 12.5% of pay has been abolished.

Originally North East posting policy was framed for enthusing employees to serve in north eastern based branches for two years and then they were given preferred posting. Unfortunately this holy policy is now misused by greedy and corrupt executives to sideline good officers from their path of earning illegal money and golden gifts.
Incentives also snatched. Preferred posting after completion of two years tenure also lies on the mercy of top officials. There is no shame feeling in the mind of ED or top executives in violating the existing policy or misusing the same in the name of bank’s exigencies.
After all what union leaders are doing?

There are lacs of bank employees who are continuously working in rural areas for one or two decades or even more. On the other hand there a few lacs of bank employees who are continuously posted in Metros and Urban areas. Unfortunately residual a few of employees are facing frequent transfers from one corner to the other corner of the country.

After all what union leaders are doing?

Answer is that they are also standing in the same que in which a team of flatterers are standing to get maximum benefit from higher bosses, cream posting, reckless earning through credit lending or waiver of loan without any fear of action from higher bosses and get preferred promotions for their flatterer members if they so like.

Why huge arrear to the amount of two lacs or three or four lacs are being paid to executives as per 9th Bipartite Settlement and only a few thousand to middle management officers considered senior officers. Even peons and junior clerks are getting arrear to the extent of one lac rupees. Pension optees are getting more. Why discriminatory treatment allowed by union leaders even in fixation f revised pay in 9th BS, not to speak of discrimination with PF optees desiring to offer for pension.

If there is a will there is a way. When government is formed of corrupt persons and that of flatterers, when administration is manned by corrupt and flatterers when judiciary is weak, ineffective, costly and centre of corruption, any one in Government cannot dream of taking step to reduce corruption in the system or to punish corrupt people.

And people who try to move against the main stream gets tired very soon and finally succumb to death.

It is therefore better to say All is Well sir, No problem sir, everything will be o.k. sir, I am there don't worry, I will manage it, I will manage media people, I will manage CBI people and so on. These wordings are a few permanent wording of flatterers.

Media is also in grip of these corrupt elements because media people also like to have more and more money, more and more asset, more and more recognition in time in shortest period as people in other field like. If some one watches various interviews conducted by TV people, he will definitely observe how ruling party biased questions are asked by media men. I have seen during recent past how media men are trying to divide opposition unity in their fight against price in Parliament. Media men in general try to save the VIPs of ruling party somehow or the other. They always try to divert the main topic of national concern to pseudo secularism or inter party rivalry prevailing at regional level among smaller parties. As such media men are not getting any interest in the reign of injustice pervading and prevailing in banking industry. A few executives by using their mobile phones using some flatterer Branch Managers to extend credit to unscrupulous borrowers and sacrificing huge amount in compromise and waiver of loan scheme just to earn some illegal money. Banks assets worth thousands and thousand of crores of rupees are locked and lost in bad borrowers every year whereas government of India, RBI and all regulating agencies remain silent spectators. People have seen how NPA rose 500% this year in Indian Bank but regulating agencies are not ready to accept that similar pain will occur to other banks too in near future. There is in fact none to bell the cat.