The employees at the Reserve Bank of India (RBI) have called a one-day strike on Friday to protest against the pension policy. Therefore the normal operations, including the payment and settlement activities in the Reserve Bank, are likely to be affected today. The unions are going on a ''mass casual leave'' demanding the restoration of the updated pension scheme, which was withdrawn earlier to pre-November 1997 retirees, a union official said today.
"The Government and the RBI have been very rigid to our demands. We have decided to strike work," told Ajit Subedar, All India Reserve Bank Employees Association''s Vice-President. He also said that the central bank had recently issued an internal circular to withdraw the updated pension scheme at the behest of the Finance Ministry.
The circular announced a drastic reduction of pension to retired employees of RBI in comparison to that drawn by the government retirees of the comparable levels.
The central bank due to this strike conducted its daily liquidity adjustment facility auctions yesterday for five days.
"The Government and the RBI have been very rigid to our demands. We have decided to strike work," told Ajit Subedar, All India Reserve Bank Employees Association''s Vice-President. He also said that the central bank had recently issued an internal circular to withdraw the updated pension scheme at the behest of the Finance Ministry.
The circular announced a drastic reduction of pension to retired employees of RBI in comparison to that drawn by the government retirees of the comparable levels.
The central bank due to this strike conducted its daily liquidity adjustment facility auctions yesterday for five days.
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