I suggest that this write-up be read in the context of the earlier post with the same title marked as Part 1, this one being Part 2.
The text of the letter by G.Ramchandran, a retired Senior Manager in Canara Bank, was reproduced in Part 1 for the information of the readers. The contents of the other memorandum addressed to the Members of Parliament are reproduced in this post. The contents, the very tone and tenor of them, are quite self explicit, and it is for the readers to make best use of them spreading the message in a massive measure enabling the momentum to get further geared-up. The text of the letter so referred reads like this:
I am enclosing a letter addressed to the Finance Secretary. The same is self- explanatory.
It can be observed that the pre-2002 retirees of the banks are put into loss by applying a tapered DA formula, which was challenged in the court. The High Court has given a favourable verdict and the practise of the Banks so far was going to appeal in the higher court, whenever they get an unfavourable decision. While the Supreme Court has several times insisted that filing appeal on flimsy grounds should be dispensed with and the National Litigation Policy clearly stipulates that there should not any appeal only for the sake of appeal, the banks/IBA/Govt do not care for them, with a view to delay the implementation. The prolonging of the litigation will result in delay and unnecessary and avoidable expenditure for both the parties. While the Banks can incur the expenses freely, at the cost of public funds, engaging legal luminaries, the poor pensioners are forced to spend from their packets. This is a fit case where the retirees are not going to lose, but how many of them will survive to see the light, is a question to be answered, as most of them are on the wrong side of sixty years.
I request you to kindly look into all the aspects of the case and use your office to get the grievances of the retirees, redressed. This is a gross anomaly in which the retirees are robbed of their rights, by not compensating them fully for the price rise and creating two types of pensioners, one set having full neutralisation and the other paid less. And the parity has been restored in RBI, form 2005, which we are also demanding.
You have been a champion for the right causes and I am sure you will not let us down. Our hopes lies with you and we look forward your assistance in this regard. As senior citizens, we are tired of knocking the doors of the Courts for every issue and in this particular case, there is no justification on the part of the Banks/IBA/Govt. to challenge the order of the Madras High Court, which deals every aspect of the case in detail.
I fervently hope that you will do the needful for the benefits of thousands of the pre-2002 retirees, who will be indebted to you for your immediate positive action.
G.Ramachandran Encl: as above.
Flat A3 Kailas Avenue
Thiruvananthapuram 695 023