There is a live case before the Lucknow High Court now about pension revision in the Reserve Bank of India (RBI). The same issue is pending before the Mumbai High Court for more than 15 years now. A routine pension revision effected by the RBI (when Bimal Jalan was the Governor) with reference to 1997 wage revision was withdrawn under the finance ministry’s instructions. When retirees approached the Mumbai High Court, the withdrawal of pension benefits was stayed by the court, giving material relief to the petitioners. The stay still remains and the finance ministry has so far succeeded in preventing RBI from revising pension after 1997 under one pretext or the other. In such cases, courts should at least hear all the pending cases in one court and decide the issue once for all.
M G Warrier Mumbai
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