RBI maintains its professional standards in what ever it does and it is well acknowledged world over. Though it enjoys autonomy or not it carries out its functions professionally and not getting influenced by external pressures particularly from the Government. However, the bureaucracy which is unable to digest the RBI's professionalism and the Recognition it gets both from the Country and abroad, is creating uncalled for and unjustifiable problems by exercising some powers over the internal matters of RBI particularly in the management of human resources. The RBI employees emoluments and perks need a clearance from the bureaucracy which has no rationale what so ever. Its retirees pension updation has been withheld by a speaking order or so although there is a clear understanding and written agreement to the effect that pension can be updated on par with Central Government employees pension and as and when RBI serving employees salary gets revised. This has not been implemented since 1997 as some bureaucrat has stopped it although RBI does not need any assistance from the Government for paying its retirees their dues.Unfortunately, retirees lead a pathetic life as their pensions have not been updated for almost two decades on flimsy grounds...
Dr T V Gopalakrishnan
(This comment is in response to an Article by Dr Tarapore that appeared on the Free Press journal)
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