BUSINESS

RBI staff threaten stir

Source:PTI
June 06, 2006 19:05 IST

Reserve Bank employees, who observed a token sit-in protest on Tuesday, threatened to strike work if their demands for putting an end to outsourcing of jobs and continuation of revised pension scheme were not met.

The United Forum of Reserve Bank Officers and Employees said its leaders will meet in Mumbai on June 20 to decide on the future course of action.

"The top leaders of the forum will meet... to decide on the future course... including a strike if our demands are not met," forum Convenor K K Sharma said.

The revised pension scheme introduced by RBI could not be withdrawn or modified arbitrarily, he said, adding that the government had ordered withdrawal of the revised scheme that has been in force for the last few years.

The employees also want a hike in commutation benefits and improvement in family pension of RBI retirees -- demands that have been pending for a long time.

The United Forum of RBI Officers and Employees expressed concern over the proposed formation of a company in private sector, styled as National Payments Corporation of India, to takeover the cheque clearing functions from RBI.

"Outsourcing of jobs from RBI should be stopped," he said and warned that hiving off of clearing operations from RBI is fraught with serious implications.

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Source: PTI
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