RBI needs to do justice to its pensioners.

RBI has to take care of its pensioners by giving them their entitled share of periodical revision of pension which requires only an insignificant percentage of the surplus transferred to the Government. This is perhaps the only institution which is free of corruption and having the human resources who maintain highest level of professional competence, honesty and integrity.  They do not get any productivity bonus, stock option and share in the surplus. What they get only is a pittance compared to the market trends and pensioners even do not get that is a fact . Pensioners conditions are going from bad to worse and politicians and bureaucrats cannot play with their lives just to satisfy their ego and perhaps intolerance of the recognition RBI gets from all over the country and the world for its outstanding contribution in maintaining monetary stability and providing the much needed support to the Government and the economy. RBI pensioners cannot openly say that they have Retired from RBI and are not able to make both ends meet with the meagre pension they get..RBI's image also goes down when the pensioners  particularly those who have retired in the  early 1990 s and have been denied the  updation of pension on par with Central government Pensioners reveal their pension to any outsider. What is preventing the Government in granting the enhancement of pension when RBI has adequate funds exclusively created for this purpose is really a surprise and the Government tom toms every now and then saying that RBI has independence and it never interferes in its functions. Even the genuine need to adequately meet the pension requirements of its retired staff requires the clearance from the Government although there is a written agreement to that effect and RBI has made adequate reserves exclusively to meet the pension revision is what the position is in reality! 

Dr T V Gopalakrishnan